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Not getting the home loan amount you want? How to increase home loan eligibility with minimal costYour dream of purchasing a home of choice may suffer a serious set back if the lender is not willing to give you the loan amount that you n...- Are you financially ready to buy a house worth Rs 50 lakh-Rs 70 lakh? Here's your checklistFrom down payment to equated monthly instalments (EMIs) to location to additional cost for registrations, you need to consider a range of f...
- Home loan: New RBI rules can help you save Rs 33 lakh in interest in a Rs 50-lakh loan; know howHome loan interest rate: When the interest rate goes up, banks usually increase the tenure of the loan to shield borrowers from rising EMIs...
- What income tax relief Nirmala Sitharaman's 2023 Budget can give for middle-classIncome tax Budget 2023: A simplified capital gain tax regime, lower income slabs under the new tax regime, and higher income tax deductions...
- IMCG partners Muthoot Homefin for mortgage guarantee backed home loansIMGC is in partnership with Muthoot Homefin (India) Limited (MHIL) to offer mortgage guarantee backed home loan products to customers in th...
- Home loan portfolios of many banks begin showing signs of stress“In June, the number of claims we are paying is nearly three times what we were paying in March 2020. So, in a 15-month period, the number ...
- What happens when second three-month loan moratorium ends in August?The month of September, when loan repayments must resume, will be a time of reckoning for India's banks.
- Covid impact: Job losses, pay cuts leading to surge in home loan defaultsIMGC guarantees 20% of the loan amount which covers EMIs for nearly two years. Once an account becomes a non-performing asset, the guarante...
- Will 'guarantee' drive home loans after COVID-19?Lenders are exploring products to cover loans which are vulnerable to volatility in cash flows.
- HFCs now seek to cover mortgagesBut there are sceptics who believe the cost structure may still be a hindrance.
- LIC Housing Finance to offer home loans up to 75 yrs of ageThe housing finance industry is currently going through interesting times and large, stable lenders like LICHFL are ideally poised to lever...
- SBI, IMGC sign MOU to offer mortgage guarantee backed home loanThe offering will help increase home loan eligibility up to 15 per cent within the regulatory norms, the State Bank of India (SBI) said in ...
- India's 1st mortgage guarantee firm launches cover for Pradhan Mantri Awas YojanaThe product will allow home buyers under the project to extend the loan term up to 30 years and also allows seven years term extension beyo...
- ICICI ties up with IMGC to offer a mortgage-guaranteed home loan productICICI Bank has tied up with IMGC to offer a product that will enable individuals to borrow more by way of home loans and take a longer tenu...
- National Housing Bank seeks to allow lenders to get 90% property value as home loanThe measure helps mitigate default risk. This can also prove financially viable when they securitise home loan portfolios.
- NHB plans to allow lenders to offer 90% of property value as home loanThe National Housing Bank is considering a proposal that seeks to allow lenders to give up to 90% of the property value as home loan.
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