NEWS & ADVICE : HOME LOANS
Home buyers sentiments do not shake after interest rate hike too
By Joseph Samson
Nov 30, 2011
Print    Email    RSS   

The shadows of surging property prices and interest rates do not seem to have been successful in darkening the sentiments of the home buyer. Data revealed by National Housing Bank and Reserve Bank of India suggests the continuing home buying behavior of customers following the consistent rise in number of home loans getting sanctioned through banks as well as housing finance companies (HFCs).

The current fiscal so far has seen a total home loan disbursement worth Rs 49,458 crore by 54 HFCs as compared to Rs 44,870 crore for the same period in the previous fiscal.

"Due to availability of affordable houses on the periphery of metros and in Tier-II and Tier-III cities, demand for housing finance has been good," said Mr R.V. Verma, Chairman and Managing Director, NHB.

Similarly, 47 commercial banks reported a 6% hike in home loan disbursals in the same tenor as compared to the period in the fiscal earlier.


 


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Income Tax Benefits on Joint Home Loans
Choose right repayment plan for home loans
Carnival of Indian Personal Finance Blogs #6
How to go about ‘Leveraged Investing’
Effect of employment on loan eligibility...


Find the balance amount of principal amount of loan...
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