NHB, Corporation Bank to finalise new invalidate mortgage plan

The National Housing Bank (NHB) will recommence talks this week government-owned Corporation Bank for launching a invalidate mortgage product. NHB has already teamed up with Life Insurance Corporation of India (LIC) for increasing a invalidate mortgage product. NHB, Corporation Bank and LIC are set to become three-way partners through a agreement for development, marketing and […]

LIC Housing Finance fixed rate loans from 2012

LIC Housing Finance Ltd will roll out a completely fixed interest rate home loan product next month, according to Mr V. K. Sharma, the company’s Director and Chief Executive. “The product is ready. There is a possibility of interest rates going down. We plan to fix interest rate after the Reserve Bank of India’s policy […]

Real Estate Round Up in Last 5 Days

Godrej Properties signs MOU with ICICI Bank Godrej Properties Ltd, the real estate development arm of the Godrej Group and ICICI Bank, India‟s largest private sector bank, signed a Memorandum of Understanding (MOU) on extending their projects and financial services to customers in various geographies. Under this tie-up both entities will host various co-promotional activities […]

Demand of Car loan Increased in Nov 2011

The unyielding attack on interest rates in a bid to rein in runaway prices is elastic results: the demand for vehicle loans has come down. The growth rate of Car loan volumes have almost halved so far in 2011-12 compared to the same period last fiscal,RBI. While vehicle loans disbursed by banks in April to […]

HSBC’s fixed-rate home loan, Want to Switch

Fixed-rate home loans are the flavour of the season. Last week, HSBC India launched a fixed-rate home loan and loan against property product. Prior to this, Axis Bank home loan had launched in October 2011. But unlike the Axis Bank’s rate which was fixed for the entire loan tenor, HSBC home loan with fixed rate […]