new home loan schemes

Home loan borrowers were expecting a reprieve from the Reserve Bank of India (RBI) in terms of reduction in the interest on home loans, particularly with regards with those who were paying huge EMIs (Equated monthly installments) on their home loans. However, their hopes were dashed after the RBI decided to hike its key rates […]

Mumbai: Two new home loan schemes named Bhagyalaxmi Plus and New Fixed 10, have been launched by the Housing Finance Company – LIC Housing Finance (LICHFL). This announcement comes after the Reserve Bank of India (RBI) recently cautioned banks as well as prospective home-loan customers about the various and numerous pitfalls of ‘innovative loan schemes’ which […]