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High court helps orphaned Mohali siblings save their home

The siblings were left facing a home loan debt of ₹24.62 lakh after the demise of their father due to a prolonged illness and subsequent passing away of their mother as well

Moved by their circumstances, the high court facilitated a settlement — with the bank agreeing to close the case at <span class='webrupee'>₹</span>10 lakh in view of the “exceptional circumstances”. (Shutterstock)

cities

Published on Jun 02, 2025 09:44 AM IST

BySurender Sharma, Chandigarh

Man duped of ₹1.25 crore in fake flat deal in Greater Noida

Four booked for cheating a man of ₹1.25 crore over a flat sale in Greater Noida; victim's calls ignored after advance payment.

The victim, Prashant Pandey, a resident of Noida Sector 107, used to live with his family in that society, police said. (Representational image)

cities

Updated on May 16, 2025 10:43 PM IST

ByHT Correspondent

Bank of Maharashtra cuts retail loan interest rate by 25 bps

The Bank of Maharashtra has also waived processing fees on home and car loans.

Similarly, education and other loans linked with Repo Linked Lending Rate (RLLR) has also been reduced by 25 basis points.(Representational Image/Pixabay)

business

Published on Feb 23, 2025 02:01 PM IST

PTI |

Startup Mantra: Changing credit score calculation

Sarika Shetty found that non-inclusion of rent as parameter for credit score calculation was unjust and set up company to correct it

cities

Published on Feb 08, 2025 09:14 AM IST

ByNamita Shibad

Home loans may become more affordable and boost real estate sector, experts say

The RBI's 50 basis point CRR cut is likely to make home loans more affordable and stimulate India's real estate sector, according to several industry experts

The central bank's monetary policy committee (MPC) decided to keep the repo rate unchanged at 6.5% for the 11th consecutive time, but slashed the cash reserve ratio (CRR) by 50 basis points, bringing it down to 4%(Representational Image/Pixabay)

business

Published on Dec 06, 2024 04:54 PM IST

ByAbhyjith K. Ashokan

Home loan customers may have to wait till December for EMI cut, RBI holds rates

Borrowers on repo-linked credit including home loans will usually see repo rates changes reflected in their loans within 1-3 months of a rate change

The repo rate has remained completely unchanged so far at 6.5% since February 2023

business

Updated on Oct 09, 2024 11:22 AM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Man barges into UP bank with a suicide letter, gun, loots ₹40 lakh: Report

The man barged into the manager's cabin and told him that he had an outstanding home loan of ₹38.5 lakh.

The police are searching for the man. (Representational)

india news

Published on Oct 02, 2024 12:10 PM IST

ByHT News Desk

HDFC bank sells $717 million of home loans to reduce credit book

HDFC Bank sold a housing loan portfolio of about 60 billion rupees ($717 million), seeking to further lighten its credit load amid regulatory pressures

The deals confirm India’s largest bank in market value is intensifying efforts to shrink its retail loan portfolio amid heightened regulatory pressure to improve the sector’s credit-deposit ratios(PTI)

business

Updated on Sep 27, 2024 08:00 AM IST

Bloomberg |

Will home loans get costlier? SBI lending rates hiked 10 bps: See current rates

Home loans can potentially get costlier since SBI's three-year tenor MCLR is now 9.10%, from 9% earlier and overnight MCLR is now 8.20%, from 8.10 previously.

All types of loans, including home loans can potentially get costlier since the MCLR has now been hiked. (Pradeep Gaur/Mint)

business

Published on Aug 15, 2024 05:54 PM IST

ByHT News Desk

Banks may soon use your digital footprint to give home loans, here's how

Banks are working on a new framework to give home loans using a person's spending patterns, mirroring the policy for MSME loans as seen in the Union Budget 2024

Banks will consider consumption or spending patterns of individuals while making their credit assessment (iStock/Hindustan Times Archive)

business

Published on Jul 27, 2024 12:47 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Indian loan-taking to grow faster than GDP growth this year: SBI Capital Markets

India's 13-15% projected growth in credit is due to economic growth, formalisation, digitalisation, and premiumisation.

Credit growth in the Indian banking sector is expected to exceed nominal GDP growth in the current financial year 2024-25, growing at 13-15 per cent (Google/CollegeVested)

business

Published on Jul 07, 2024 04:31 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Should you use a personal loan to pay off credit card bills? Pros and cons here

Credit Card: By taking a loan to clear off the debt, your credit score that had taken a hit due to delayed payment will stop degrading further.

Using a credit card offers a variety of benefits: rewards and bonuses, positive credit history making taking loans easier.

business

Published on Apr 17, 2024 05:05 PM IST

ByHT News Desk

CA reveals how cost of buying a house skyrocketed over decades, Internet reacts

While a few agreed with the CA’s post, others questioned the need to take out a home loan when people have good salary packages.

CA P V Subramanyam took a home loan of <span class='webrupee'>₹</span>2.5 lakh in 1981 to buy a house. (X/@pvsubramanyam)

trending

Published on Apr 15, 2024 03:13 PM IST

ByArfa Javaid

Affordability to buy home to rise to a 3-year high in 2024: Report

Kolkata, Pune and Hyderabad to be most affordable in 2023 and 2024, according to a report titled JLL Home Purchase Affordability Index

The affordability for home purchases is expected to improve for the better in 2024, basis the expectation of a 60-80 bps repo rate cut during the year, says JLL’s report on the Home Purchase Affordability Index (HPAI).(Pexels)

real estate

Updated on Dec 11, 2023 07:07 AM IST

ByVandana Ramnani

They were assured houses in Dussehra, now hope for Diwali luck

Thousands of former mill workers in Mumbai are still waiting for the houses they were promised in 2016. Delays in paperwork, changes in government, and the repurposing of ready homes as quarantine centers due to COVID-19 have all contributed to the delay. The houses, which were supposed to be handed over on Dussehra, are now expected to be completed by November. However, many workers are skeptical and concerned about the prolonged wait and the deteriorated condition of the houses. MHADA, the housing authority, still needs to find land to build houses for the remaining beneficiaries.

Maruti Jadhav, who worked in Khatau Mill, Borivali, said, “We were promised houses on Dussehra, which is today. Are we going to get it by next Diwali now? My family pooled in <span class='webrupee'>₹</span>6 lakh for the house. And now, as a pensioner who gets around <span class='webrupee'>₹</span>1,000 a month, I have to do odd jobs to put food on the table.”

cities

Updated on Oct 25, 2023 07:42 AM IST

BySabah Virani

First-time house buyers, here’s how to get your house in order

Don’t fall for those slick ads and cool EMI schemes. A broker, therapist, financial advisor and lawyer list what to do before buying your first home

Check government housing schemes to see if you’re eligible for any reprieve, like they did in (below) Zara Hatke Zara Bachke (2023). Just don’t try to outsmart the system.

lifestyle

Updated on Aug 10, 2023 08:15 PM IST

ByUrvee Modwel

Real estate sector hails RBI repo rate pause

The Reserve Bank of India’s decision to keep repo rate unchanged is likely to lead to stable home loan interest rates and continue the uptick in housing demand, say real estate sector leaders. This is the second consecutive time that the central bank has kept the lending rate unchanged.

cities

Updated on Jun 12, 2023 06:04 PM IST

BySatish Nandgaonkar

VJTI teacher cheated of ₹15L on pretext of selling house

Real estate agents and a couple have been booked for allegedly cheating a VJTI teacher on the pretext of selling a house and refusing to return a token amount of ?15 lakh.

cities

Updated on May 12, 2023 12:51 AM IST

ByHT Correspondent

The end of an error: Bouncing back from a divorce

Getting divorced in your 30s can be daunting, but if you’ve made up your mind, here are tips from people who’ve been there

In Wild (2014), based on the life of writer Cheryl Strayed, Reese Witherspoon hikes solo for 1,770 km to process her divorce. Blocking your ex works too. (Shutterstock)

lifestyle

Updated on Jul 19, 2023 07:29 PM IST

ByUrvee Modwel

RBI set to hike policy repo rate tomorrow; your home loan EMIs may go up

The second bi-monthly meeting of the RBI Monetary Policy Committee started on Wednesday. RBI governor Shaktikanta Das is scheduled to announce the Monetary Policy Committee decisions on Friday morning.

If the repo rate increases, it will lead to a higher EMI for home loan borrowers.(Getty Images/iStockphoto)

business

Published on Aug 04, 2022 11:02 PM IST

ByHT News Desk, New Delhi

Kotak Mahindra Bank hikes home loan rates by 0.05 per cent

The private sector lender will now be offering home loans starting from 6.55 per cent, as against 6.50 per cent earlier, as per an official statement.

The new rates will be applicable till December 10, a statement by Kotak Mahindra Bank said.(Mint)

business

Published on Nov 08, 2021 05:09 PM IST

PTI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi

HDFC cuts home loan rates for festival season, joins SBI, PNB and Bank of Baroda

Several real estate developers and consultants said these concessional interest rates on home loans will lead to a strong consumer demand in India's residential property market.

Several banks have announced benefits on home loans during the festival season.(Bloomberg Photo)

real estate

Published on Sep 21, 2021 11:04 AM IST

Byhindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi

SBI's 'Monsoon Dhamaka' offer: Bank waives off processing fee on home loans

The offer is valid for a month, till August 31.

State Bank of India (Image used for representative purpose only)

business

Published on Jul 31, 2021 07:20 PM IST

Byhindustantimes.com | Written by Karan Manral, New Delhi

Banks double down on home loan segment

The aggregate home loan portfolio of banks grew 9.1% in the year till March 26 to ₹14.59 lakh crore. While this was lower than the 15.4% growth seen a year ago, it marks an improvement after the plunge in the first few months of the pandemic.

The aggregate home loan portfolio of banks grew 9.1% in the year till March 26 to <span class='webrupee'>₹</span>14.59 lakh crore.(Bloomberg)

business

Published on May 10, 2021 06:07 AM IST

Livemint | ByShayan Ghosh, Mumbai

HDFC reduces interest rates on home loans

HDFC also outlined that the changes will affect customers who currently have availed home loan benefits from the lender.

HDFC said customers who have good credit histories can avail new loans at 6.75%. (Abhijit Bhatlekar/ Mint)

real estate

Published on Mar 03, 2021 09:44 PM IST

Byhindustantimes.com, Hindustan Times, New Delhi

Competition Commission dismisses complaint against ICICI Bank

In its order passed on Wednesday, the regulator said the allegations of abuse of dominance specifically relate to arbitrary increase in interest rate on home loan and increase in tenure of home loan by the bank on the basis of one-sided conditions in the loan agreement.

Existence of a large number of players in the home loan market shows that ICICI Bank cannot operate independently in the market(Hemant Mishra/ Mint file photo)

business

Published on Jan 28, 2021 04:28 PM IST

PTI | , New Delhi

RBI’s targeted long-term liquidity measures to ease borrowing cost for NBFCs: Industry

The non-banking financial companies (NBFCs) said the decision to keep the key repo rate -- at which the RBI lends short term money to banks -- unchanged was on expected lines and in consideration with keeping the inflation target while supporting growth.

Muthoot said it is a welcome move that reflects the central bank’s focus on catalysing credit flow and reviving the economy.(REUTERS)

business

Published on Oct 09, 2020 06:45 PM IST

New Delhi | ByPress Trust of India| Posted by Susmita Pakrasi

Pune builders welcome Maha govt’s move to slash stamp duty

Confederation of Real Estate Developers’ Association of India’s (CREDAI) Pune chapter president Suhas Merchant said that the builders’ body has welcomed the state government’s decision.

A view of under construction building seen at Kharadi in Pune, India, on Sunday.(HT FILE PHOTO)

cities

Updated on Aug 27, 2020 06:11 PM IST

Hindustan Times, Pune | ByHT Correspondent, Pune

HDFC cuts retail lending rates by 20 basis points

Following the reduction, HDFC’s new rates will now range between 7.5-8.5%. The move comes after State Bank of India reduced its marginal cost of funds based lending rate (MCLR) by 25 basis points across all tenors.

The reduced rate will benefit all existing HDFC retail home loan and non-home loan customers.(Pradeep Gaur/Mint)

business

Updated on Jun 13, 2020 08:55 AM IST

Mint, Mumbai | ByGopika Gopakumar

Supreme Court seeks RBI response on plea that seeks loan interest waiver

An Uttar Pradesh resident has approached the Supreme Court to challenge the decision of the banks to add the interest during moratorium period to their loan amount.

The Supreme Court has asked the Centre and the RBI to respond to a petition on loan moratorium.(Amal KS/HT Photo)

india news

Updated on May 26, 2020 05:16 PM IST

Hindustan Times, New Delhi | ByThomas Abraham | Edited by: Amit Chaturvedi

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home loan news

Latest from home loan

The siblings were left facing a home loan debt of ₹24.62 lakh after the demise of their father due to a prolonged illness and subsequent passing away of their mother as well

Four booked for cheating a man of ₹1.25 crore over a flat sale in Greater Noida; victim's calls ignored after advance payment.

The Bank of Maharashtra has also waived processing fees on home and car loans.

Sarika Shetty found that non-inclusion of rent as parameter for credit score calculation was unjust and set up company to correct it

The RBI's 50 basis point CRR cut is likely to make home loans more affordable and stimulate India's real estate sector, according to several industry experts

Borrowers on repo-linked credit including home loans will usually see repo rates changes reflected in their loans within 1-3 months of a rate change

The man barged into the manager's cabin and told him that he had an outstanding home loan of ₹38.5 lakh.

HDFC Bank sold a housing loan portfolio of about 60 billion rupees ($717 million), seeking to further lighten its credit load amid regulatory pressures

Home loans can potentially get costlier since SBI's three-year tenor MCLR is now 9.10%, from 9% earlier and overnight MCLR is now 8.20%, from 8.10 previously.

Banks are working on a new framework to give home loans using a person's spending patterns, mirroring the policy for MSME loans as seen in the Union Budget 2024

India's 13-15% projected growth in credit is due to economic growth, formalisation, digitalisation, and premiumisation.

Credit Card: By taking a loan to clear off the debt, your credit score that had taken a hit due to delayed payment will stop degrading further.

While a few agreed with the CA’s post, others questioned the need to take out a home loan when people have good salary packages.

Kolkata, Pune and Hyderabad to be most affordable in 2023 and 2024, according to a report titled JLL Home Purchase Affordability Index

Don’t fall for those slick ads and cool EMI schemes. A broker, therapist, financial advisor and lawyer list what to do before buying your first home

The Reserve Bank of India’s decision to keep repo rate unchanged is likely to lead to stable home loan interest rates and continue the uptick in housing demand, say real estate sector leaders. This is the second consecutive time that the central bank has kept the lending rate unchanged.

Real estate agents and a couple have been booked for allegedly cheating a VJTI teacher on the pretext of selling a house and refusing to return a token amount of ?15 lakh.

Getting divorced in your 30s can be daunting, but if you’ve made up your mind, here are tips from people who’ve been there

The second bi-monthly meeting of the RBI Monetary Policy Committee started on Wednesday. RBI governor Shaktikanta Das is scheduled to announce the Monetary Policy Committee decisions on Friday morning.

The private sector lender will now be offering home loans starting from 6.55 per cent, as against 6.50 per cent earlier, as per an official statement.

Several real estate developers and consultants said these concessional interest rates on home loans will lead to a strong consumer demand in India's residential property market.

The offer is valid for a month, till August 31.

The aggregate home loan portfolio of banks grew 9.1% in the year till March 26 to ₹14.59 lakh crore. While this was lower than the 15.4% growth seen a year ago, it marks an improvement after the plunge in the first few months of the pandemic.

HDFC also outlined that the changes will affect customers who currently have availed home loan benefits from the lender.

In its order passed on Wednesday, the regulator said the allegations of abuse of dominance specifically relate to arbitrary increase in interest rate on home loan and increase in tenure of home loan by the bank on the basis of one-sided conditions in the loan agreement.

The non-banking financial companies (NBFCs) said the decision to keep the key repo rate -- at which the RBI lends short term money to banks -- unchanged was on expected lines and in consideration with keeping the inflation target while supporting growth.

Confederation of Real Estate Developers’ Association of India’s (CREDAI) Pune chapter president Suhas Merchant said that the builders’ body has welcomed the state government’s decision.

Following the reduction, HDFC’s new rates will now range between 7.5-8.5%. The move comes after State Bank of India reduced its marginal cost of funds based lending rate (MCLR) by 25 basis points across all tenors.

An Uttar Pradesh resident has approached the Supreme Court to challenge the decision of the banks to add the interest during moratorium period to their loan amount.

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