NEWS & ADVICE : HOME LOANS
Dropdown in home loans and raise in education loan
By Joseph Samson
Jul 17, 2014
Print    Email    RSS   

According to the reports and data it has been noticed that the demand of the home loans is dropping down and on the other hand the demand of the education loan is rising up.

Last year due to the glooming economy and a slowdown in the real estate market the home loans demands went down. In comparison to the last year a drop down of over 7,000 beneficiaries has been recorded I Home loans. Experts said that due to the high interest rates charges by the banks, the demand of the home loan has deprived. Most of the banks are charging 11%.

However, education loans disbursed till December 2013 increased by over Rs 1,000 crore in comparison to 2012 in spite of increasing defaulters. For the education loan the banks have reported an increase of 60% in the last quarter of 2013 compared to the same period in 2012.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Tips to buy an ‘under construction’ home
Joint Home Loan: A wise decision for a...
Step up loans: An easy way to own a dream...
A chronicle of excesses by loan recovery...
How to go about ‘Leveraged Investing’


PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive