Growth in demand for Home loans: CIBIL
By Joseph Samson
Jul 27, 2012
Print    Email    RSS   

According to Credit Information Bureau India Ltd. ( CIBIL), the demand for home loans in the country has surged by 18 percent in the first quarter of this fiscal. Data collected by CIBIL shows that there has been a rise in home loan enquiries by about 18 percent in the Q1 of current fiscal as compared to Q1 of the last fiscal.

CIBIL Home Loan Trends further suggests that home loans of higher amounts are being sanctioned all across the country. It further indicates that about 48 percent of home loans disbursed in metros in the year 2011 were of amounts exceeding Rs.20 lakh. In the same year, about 24 percent of home loan disbursals in cities such as Jaipur, Pune, Kanpur, Ahmedabad, Lucknow, Chandigarh were of amounts exceeding Rs. 20 lakh.

According to CIBIL, about 88 percent of home loan borrowers were those who were having a with a credit score of 750 and above. It should be noted that the higher the credit score, the more chances of getting home loans approved. Higher a credit score between 300 to 900 the better it is for the borrowers.

Nowadays, banks and financial institutions have started referring to a person's credit score before approving loans.

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

 Select a product:

Credit profile and its effect on loan...
Refinancing your home loan: is it a...
Make your home loan repayment easier
If the interest rate is same, how do you...
Factors affecting eligibility for home loans

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

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