Buying a home is a major financial milestone, but the overall cost of property ownership can make the journey challenging for many families. Along with arranging a suitable loan, understanding the financial support available from government initiatives can help borrowers make informed decisions. One such support option is the subsidy in housing loans, which can … Read more
Mumbai: RBI’s measures to curb bank finances in some segments of NBFCs appear to have slowed down growth for finance companies. Loans sanctioned by NBFCs fell from Rs 4.47 lakh crore in Q2 FY23 to Rs 4.28 lakh crore in Q3 FY24 — a decline of 4.2% quarter-on-quarter. Compared to the year-ago period, loans fell … Read more
Bajaj Finance is currently trading at Rs. 7952.10, up by 102.85 points or 1.31% from its previous closing of Rs. 7849.25 on the BSE. The scrip opened at Rs. 7859.95 and has touched a high and low of Rs. 7996.35 and Rs. 7850.00 respectively. So far 11639 shares were traded on the counter. The BSE … Read more
Udaipur : ICICI Bank today announced that it has reduced home loan interest rate to 6.70%. The revised interest rate– the lowest in 10 years by the Bank—is effected from March 5, 2021. Customers can avail of this interest rate for home loans uptoRs 75 lakh. For loans above Rs 75 lakh, interest rates are pegged … Read more
Did you know that your monthly salary directly impacts your housing loan eligibility? Primarily, it reflects your ability to bear the cost of borrowing. As a rule of thumb, lenders usually offer a home loan amount which is 60 times your monthly salary. Besides, your monthly salary also impacts factors such as – Home Loan … Read more