HOUSING LOANS

  • Budget 2014: Tax exemption limit raised to Rs 2.5 lakh from Rs 2 lakh July 10, 2014

    New Delhi: In a minor relief to the individual tax payers, the Narendra Modi government in its maiden Union Budget raised the income tax exemption slab from Rs 2 lakh to Rs 2.5 lakh. "I propose not to make any changes in the tax rate. However, with the view to provide...
  • HDFC raises benchmark lending rate by 0.25 per cent on housing loans August 22, 2013

    Mumbai: Housing Development Finance Corp Ltd (HDFC), India's biggest mortgage lender, said on Thursday it will increase its retail prime lending rate by 0.25 per cent, effective Friday. Earlier on Thursday, ICICI Bank, the country's second-largest lender, became the latest bank to raise interest rates, lifting its base rate by 25...
  • Kolkata: Couple arrested for duping banks May 18, 2013

    New Delhi: A Delhibased couple was arrested from Kolkata for duping several banks by forging documents, police said Saturday. Kamal Kishore Shukla, 60, and his wife Shashi Shukla, 53 were arrested on May 15 from Kolkata. The duo had obtained housing loans from different banks against a single property in Vaishali...
  • Axe the tax: People demand tax deduction limit on housing loans February 20, 2013

    In the run up to the Budget Session, CNN IBN's 'Axe the tax' gets voices of Indians on their expectations from Budget 2013. A Chennai resident Ravikumar says he is hoping for tax deduction limit on housing loans. ...
  • No penalty on prepayment of housing loans: SBI November 25, 2011

    New Delhi: Country's largest lender State Bank of India (SBI) has decided to abolish prepayment charges on home loans, giving some succour to borrowers who want to foreclose their accounts. "We have decided to do away with the prepayment charges on all kinds of housing loans with immediate effect," a senior...
  • Now, no prepayment penalty on housing loans October 20, 2011

    New Delhi: There is good news for millions of house owners, who have acquired their homes on EMIs, before Diwali. The housing finance regulator, National Housing Bank, has banned the levy of prepayment penalty. As per the new norm, there will be no penalty charges even if the prepayment is made through...
  • Lowcost housing loans to get 1 pc interest sop February 28, 2011

    New Delhi: The government on Monday said lowcost housing loans of Rs 15 lakh will be eligible for one per cent interest subsidy, which will help in increasing the demand for such housing. In his Budget speech, Finance Minister Pranab Mukherjee said he is liberalising the existing scheme of one per...
  • SEBI starts probe in housing loan scam November 26, 2010

    Mumbai: Market watchdog Securities and Exchange Board of India (SEBI) has initiated an investigation into possible frontrunning and insider trading in shares of over two dozen companies, including some blue chips, by entities and persons involved in the housingfinance scam unearthed by the Central Bureau of Investigation (CBI). The initial findings,...
  • Housing scam: bankers defend loans sanctioned November 26, 2010

    Mumbai: Bankers have defended the loans given to companies named in the CBI charge sheet in connection to the bribes for loan scam saying these were performing loans and were sanctioned after due process. In its chargesheet, the CBI had named officials from the Bank of India, Punjab National Bank...
  • No home loan just for land purchase March 21, 2009

    There are many options available if you want to take a loan to buy a land. We explore all these options and help you decide which is appropriate for you and why. I'm a salaried individual from Pune. I earn a net income of approx Rs 50,000 pm. I want to...
  • LIC Housing cuts home loan rates March 17, 2009

    Mumbai: Leading mortgage financier LIC Housing Finance on Monday cut its home loan rates by 75 basis points for existing customers effective from April 1. We have seen our cost of funds coming down in the recent period and this decision (to cut rates) is in consequent to that, LIC Housing...
  • Experts cheer reverse repo cut, see rise in lending March 4, 2009

    The muchawaited Reserve Bank action's is here at last. The central bank has cut the repo and reverse repo rates by 50 basis points with immediate effect. Bankers and industry leaders have cheered the rate cut, but most feel the move should have come earlier. They feel the cut in...
  • RBI likely to cut repo, reverse repo rates on Saturday December 4, 2008

    Mumbai: There is a certain amount of good cheer amongst consumers as the Reserve Bank of India (RBI) is likely to cut repo and reverse repo rates on Saturday. This is a part of its fiscal stimulus package that the Prime Minister now heads. The RBI is likely to cut the...
  • Buying your dream house just got easier September 13, 2007

    Mumbai: Is that dream house still unaffordable? You think, you missed the bus? Well chances are that, that dream house could still be yours thanks to the measures initiated by the RBI through successive credit policies in the last one year, like the rise in risk weightage on loans...
  • RBI may not hike interest rates: Poll October 30, 2006

    New Delhi: By Tuesday afternoon the RBI governor will have announced his decision to raise or not raise rate in the economy. It's a decision that can make your home loans more expensive as also help your savings fetch you more. TV18 held an extensive poll of key bankers and...