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The Reserve Bank will link the base rate for loans given by banks to the MCLR starting April 1, 2018 i.e. from the new financial year. The Marginal Cost of Funds based Lending Rates (MCLR) system was introduced on April 1, 2016 to tackle the problems of the Base...
The GST rate has been reduced to 8% from the existing 12% on purchase of houses availing of the credit-linked subsidy scheme (CLSS) under Pradhan Mantri Awas Yojna, and of those houses that are constructed in a project that has got infrastructure status.
Under the CLSS scheme, a first-house...
The government may use Budget 2018 to make owning a house slightly more affordable and even rekindle the interest of home buyers.
The central government has extended the validity of interest subsidy benefit of about Rs.2.60 lakh on home loans...
What a splendid start to the New-Year 2017! Declining interest rates from lenders has added colours to the festive season especially if you are an aspiring home buyer.
Read more at: http://bit.ly/2iZuraQ
In his first public pronouncement as governor of the Reserve Bank of India, Urjit Patel showed he is open to tango with the government.
The central bank cut...
Out of its total Rs 5,500 cr retail finance portfolio, home loans to self employed and SMEs comprise about Rs 1,500 cr each.
Despite challenges of definite income proof, retail Read More
â€œIndiaâ€™s mortgage finance market is largely under-penetrated compared with the rest of the world, providing sufficient opportunity for housing financiers to step up their housing credit,â€� R....
His reticent nature may be stoking fear among some investors, but bond and currency markets seem to be reposing faith on next Reserve Bank of India governor Urjit Patel who is expected to cut rates by a quarter percentage point this...
Home loan rates dip marginally on MCLR cuts.
Interest rates are slowly creeping down. State Bank India and IDBI Bank are the latest to bring down their marginal cost of lending rate (MCLR).
Read more at: Read More
Fantastico!!!! Borrowers do not have to be in dark about their credit performance any more. Cibil makes it free for all in the next year.
For this year please access your...
Home sales in the top nine cities of India rose 8% in the April-June 2016 quarter compared to a decline of 3% in the previous quarter on the back of a surge in sales in Bengaluru, Read More
What is the deciding factor- MCLR/ Base Rate?
Read more at: http://bit.ly/29T7Lkx
UPI allows users to send any amount of money below Rs. 1 lakh instantly without having to add beneficiary.
RBI's brainchild, Unified Payments Interface(UPI) , launched in April this year , will...