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Tax benefits on home loans

Written on 31 Aug, 2010 at 12:57 in Housing Finance | viewed 0 times | 0 Comments

There are various tax benefits available on a home loan. The benefits can be claimed on both the principal and interest components of a home loan as provided by the Income Tax Act. These deductions are available to assessees who... (Continue reading)

LICHFL launches new products in the Home Loan Sector

Written on 6 Jul, 2010 at 14:16 in Housing Finance, Real Estate News | viewed 16 times | 1 Comment

By Pallavii Pitale Keeping in mind the present scenario in the Home Loan Sector in the country, The LIC Housing Finance Limited has announced three new lending options w.e.f. 1st July 2010. LICHFL has offered these products to enable the customer... (Continue reading)

Housing Finance Rates Effects

Written on 2 Jul, 2010 at 14:13 in FAQs, Housing Finance | viewed 6 times | 0 Comments

1. For what purposes can I seek a first time home loan? You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate... (Continue reading)

FAQ on Reverse Mortgage

Written on 9 Mar, 2010 at 15:37 in FAQs, Housing Finance | viewed 2 times | 1 Comment

Q.1.What is reverse mortgage? When you buy a house through a home loan, every EMI you pay towards servicing the loan increases your equity in the house. Once you payoff the loan in full, your equity in the house is 100... (Continue reading)

Budget 2010 : Suggest your views to FM

Written on 10 Feb, 2010 at 12:19 in Housing Finance, Real Estate News | viewed 28 times | 6 Comments

Union Budget will be presented on 26th February 2010 in Parliament. We at Accomodation Times sent a deliberation and recommendation to FM, briefly as follows: 1. Extent benefits under section 80 IB for houses under 1000 sq.ft. 2. Increase exemption limit of... (Continue reading)

Home Loans On Discount

Written on 5 Jan, 2010 at 11:40 in Articles, Housing Finance | viewed 4 times | 0 Comments
Home Loans On Discount

ICICI Bank and Kotak Mahindra Bank joined the State Bank of India (SBI) and HDFC Ltd to offer discounted loans. ICICI Bank would offer new loans at a fixed rate of 8.25 per cent for the first two years, irrespective of... (Continue reading)

RBI comes up with stricter norms for Priority Sector Lending

Written on 2 Jan, 2010 at 11:42 in Current Affairs, Housing Finance, Real Estate News | viewed 89 times | 0 Comments

It has been brought to the notice of the Reserve Bank that certain scheduled commercial banks are extending short-term loans of tenure ranging from six months to one year to Housing Finance Companies (HFCs), and classifying the same as priority... (Continue reading)

Housing Finance Comparison : Floating Rates

Written on 16 Sep, 2009 at 14:51 in Comparison | viewed 6 times | 0 Comments

Floating Rate of Interest as on 16th Sept 2009 Lender Mini Amt Max Amt Mini Max Int rate Period Period Allahabad Bank 10000 2000000 10 15 11.75 Andhra Bank 10000 10000000 1 20 8 Bank of Baroda 500001 2000000 1 20... (Continue reading)

Housing Finance Comparison : Fixed rates of interest

Written on 16 Sep, 2009 at 14:32 in Comparison | viewed 5 times | 0 Comments

Fixed Rates of Interest as on 16th Spt 2009 Lender Mini Amt Max. Amt Mini Max Int Period Period Rates Allahabad Bank 10000 2000000 10 15 11.75 Andhra Bank 10000 10000000 1 20 8 Bank of Baroda 500001 2000000 1... (Continue reading)

HDFC

Written on 12 Sep, 2009 at 16:46 in Apply online | viewed 8 times | 0 Comments

Click here to apply online ... (Continue reading)

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