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June 15, 2023
ASIC Home Loan will use the funds to expanding its distribution network to new geographies, and to build its lending vertical.
June 14, 2023
Fintech startup Basic Home Loan on Wednesday said it has raised $4.7 million (Rs 38.5 crore) in a pre-Series B funding round led by stock ......
June 14, 2023
Fintech startup BASIC Home Loan has bagged a funding of $4.7 Mn in a pre-Series B round led by stock market investor Ashish Kacholia.
June 13, 2023
Home loan tenor of 40 years brings down the EMIs and increases affordability. But it increases the interest burden significantly.
June 8, 2023
The monetary policy committee of the Reserve Bank of India voted unanimously to keep the repo rate unchanged at 6.50 per cent. Experts say this means those with existing home loans should see no change in EMIs. However, the question of whether a borrower should choose a floating or fixed rate going forward remains unanswered
April 5, 2023
Its widely believed that the RBI will resort to a smaller 25 basis points (bps) rate hike in the current monetary policy revision. After the last revision that happened in February this year, the repo rate has increased to 6.25 per cent. The continuous rise in the interest rates has led to higher EMIs for home loan buyers hugely impacting the housing segment. -- aaa
April 5, 2023
As per RBIs latest data, the weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 24 basis points (bps) from 9% in January 2023 to 9.24% in February 2023. While WALR on outstanding rupee loans of SCBs increased by 9 bps from 9.58% in January to 9.67% in February.
February 8, 2023
While the rate hike was along expected lines, the industry stakeholders including borrowers were hoping for some relief from the Union budget
February 8, 2023
While the rate hike was along expected lines, the industry stakeholders including borrowers were hoping for some relief from the Union budget
January 22, 2023
Among the most expected factor for home buyers, this budget 2023 would be the increase in deduction limit for interest payments and principal amount on home loans especially to spur demand in a rising interest rates scenario.