Housing Finance Companies
NHB home loan interest cap of 10.75% to safeguard interests of Priority customers
The National Housing Bank (NHB), the wholly owned subsidiary of the Reserve Bank of India (RBI), which supports the housing finance sector has set a cap on the lending rates for specialised mortgage lenders such as LIC Housing Finance, which are dependant on the NHB for seeking refinance. This measure by the NHB comes at a time when […]
New RBI norms may boost Low-cost housing
Mumbai: As per real estate developers and the Housing Finance Companies (HFCs); the apex bank’s decision to relax norms on the availing of foreign loans for cheaper or affordable housing might encourage and attract numerous more developers to enter the segment whereas providing a lift to existing ones, although developers may be compelled to take into […]
