Home loans

Home loan interest set to rise on repo rate hike

RBI Governor Shaktikanta Das-led MPC hiked the policy repo rate by 50 bps to 5.40% with immediate effect

published on : 6th August 2022

Third repo rate hike in two months a huge blow to wannabe homebuyers, say experts

"This whammy comes along with the inflationary trends of primary raw materials, including cement, steel, labour, etc., that have recently led to a rise in property prices," an expert noted.

published on : 5th August 2022

Home loans, EMIs get dearer days ahead of RBI MPC meet

PNB and ICICI Bank have raised their internal benchmark or marginal cost of fund-based lending rate (MCLR) by 15 basis points (bps) and 30 bps each effective June 1.

published on : 2nd June 2022

RBI extends rationalised home loan norms till March 2023 

Recognising the importance of the housing sector and its multiplier effects, it has been decided to extend the applicability of these guidelines till March 31, 2023, the Governor said.

published on : 8th April 2022

HDFC witnesses highest ever loan approval; crosses Rs 2 lakh crore in FY22 

HDFC continues to have the largest number of home loan customers of over 2.7 lakh, who have availed benefits under the Credit Linked Subsidy Scheme.

published on : 23rd March 2022

Despite price rise, housing demand to remain robust: HDFC Chairman Parekh

“The India real estate market is on an upward cycle which bodes well for all of us. The big star of the real estate sector continues to remain residential housing in India.

published on : 18th February 2022