Tag Archive | "HDFC"
HDFC raises home loan rates by 50 bps
Housing Development Finance Corporation (HDFC), India’s largest mortgage financier, today increased its retail prime lending rate (PLR) by 50 basis points (bps) to 14.25 per cent. This is the first time HDFC is increasing its PLR in two years. According to a senior HDFC official, 75 per cent of the mortgage financier’s lending is done at [...]
Continue reading...HDFC reintroduces teaser rates on home loans to take on SBI
Saturday, July 3, 2010
Driven by competition from State Bank of India, HDFC has reintroduced teaser rates on its home loans. The new home loan product offers borrowers a fixed rate of 8.25% till March 2011 and 9.25% for the next 12 months. From April 2012, the prevailing home loan rates will apply. Although HDFC had announced its revised rates [...]
Continue reading...HDFC relaunches loan against property scheme
Saturday, June 5, 2010
Housing Development Finance Corporation (HDFC) has re-launched a scheme where it provides loan against property. Loan against mortgage of property is seen as a riskier business compared to home loans, and therefore, attracts a much higher rate of interest compared to home loans. To reduce the risk in such loans, HDFC has said it will give [...]
Continue reading...HDFC lowers home loan rates to 8.25%
Friday, April 16, 2010
BUCKING THE TREND Follows SBI’s special offer; experts predict rise in rates Home-buyers should look to close their home loan deals by the end of this month as HDFC comes ahead to join SBI in offering special rates till end of April.In a rising interest rate envi- ronment, HDFC on Wednesday made an interesting move by [...]
Continue reading...ICICI Bank withdraws fixed rate home loan scheme
Thursday, March 4, 2010
HDFC, ICICI drop cheap home loans In a clear signal of a rising interest rate regime, country’s largest private sector lender, ICICI Bank, today said it has hiked its auto loan rates by up to 0.5 per cent and withdrawn its 8.25 per cent special home-loan scheme. “Auto loans rack rates have been raised by 0.25-0.5 per [...]
Continue reading...Low rates on home loans may end soon
Friday, February 12, 2010
The special invitational or teaser rates for new home loans, which were less than those offered to earlier customers are set to be withdrawn. This could mean a hike of up to 2% in interest rates offered by both private and public banks within a month. The withdrawal of the offers, which typically cover the first [...]
Continue reading...HDFC hires DBS for $200 mn in 3-year loans
Wednesday, January 13, 2010
Values of houses have climbed as much as 29% in parts of Mumbai and as much as 23% in New Delhi last year Housing Development Finance Corp. (HDFC), India’s biggest mortgage lender, hired DBS Group Holdings Ltd to arrange $200 million in three-year loans, a person familiar with the matter said. Values of houses have climbed as [...]
Continue reading...Rising home prices will strangle demand :HDFC
Saturday, January 9, 2010
“Dont let greed come in”. This is the word of caution emanating from one of the leading housing finance companies in the country, as it fears a drop in demand for home loans, if prices of residential property continue to escalate. In the last six months, the prices of homes have shot up between 15-20% [...]
Continue reading...SKS Microfinance to Offer Home Loans
Sunday, December 6, 2009
Even as realty markets are trying to shake off the downturn impact, SKS Microfinance, the largest microfinance company in terms of assets, is set to offer its customers loans for their housing needs. The company on Thursday said it has joined hands with the Housing Development Finance Corporation (HDFC) in its attempt to bridge the [...]
Continue reading...HDFC goes SBI way, offers dual-rate home loans
Wednesday, December 2, 2009
Months after dismissing State Bank of India’s (SBI’s) special loan scheme as a gimmick, mortgage player Housing Development Finance Corporation (HDFC) today decided to follow the country’s largest bank. As part of “its regular festive offer”, HDFC said all new home loan applications filed till the end of January could avail of its dual-rate offer, under [...]
Continue reading...Increase in prices sours revival in demand for real estate
Friday, November 27, 2009
Any resurgence would be hit harder by prices rising excessively, than by loan costs The much-heralded revival in home-building could come to nothing as property developers may have raised prices too much too soon, data from realty research company Liases Foras shows. The country’s largest mortgage lender has a word of caution for real estate companies looking [...]
Continue reading...India needs Rs 3.6 lakh cr investment in housing in 5-years’
Sunday, November 22, 2009
India needs Rs 3.6-lakh crore of investment over the next five years to construct an additional 2.65-crore housing units for six crore citizens, a top HDFC official said. “Over the next five years, we need 26.5 million additional housing units, investment requirements of over Rs 3,60,000 crore and need to re-house 62 million persons who live in [...]
Continue reading...Home loan processing just got tougher
Saturday, October 24, 2009
The emergence of “affordable” housing has revived the real estate market, but for prospective buyers, getting a home loan approval has just got a little more difficult. For one, banks, wiser from the meltdown, are rechecking the installment-to- income ratios (the figure that determines the EMI). Earlier, banks extended EMI (equated monthly installment) on the loan [...]
Continue reading...HDFC cuts rate to 9% for Rs 30-50 lakh loan
Friday, August 14, 2009
Housing finance major HDFC has upped the ante for market share in the home loan market by reducing rates by 50 basis points in the Rs 30 lakh to Rs 50 lakh segment. The development comes within a week of the country’s biggest bank SBI cutting rates by 50-75 bps for high-value loans and offering [...]
Continue reading...Govt Announces Bill to Regulate Real Estate Sector by Aug-Sept
Wednesday, July 8, 2009
The minister for housing and urban poverty alleviation, Kumari Selja has announced a model bill for regulating the real estate sector by August-September timeframe. Talking about the 100 day agenda for her ministry, Selja said that the Model Bill would propose a regulator and aim to address the concerns of consumers as well as the [...]
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Wednesday, September 1, 2010
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