India, Jan. 31 — In India, owning a house is still a distant dream for a vast majority of the population.
In fact despite the current economic boom and increase in salary levels, relatively a very low percentage of the overall population owns a house property. Interest deduction on housing loan and deduction for repayment of [...]

For those planning to take a loan to buy their house, there is good news. Several banks have slashed home loan rates recently. Bank of India has come up with a festive offer called Star Home Loan, which can be availed till December 31. For a loan of up to Rs 50 lakh, the rate [...]

Home loan
seekers can save up to Rs 10,000 on their monthly repayments for one year as the government on Thursday approved 1% interest
subsidy for houses that cost less than Rs 20 lakh.
Aimed at promoting low-cost housing, the subsidy will be available for loans up to Rs 10 lakh, provided the cost of the dwelling unit [...]

INDIA’S PRIVATE sector lender, ICICI Bank in its bid to survive longer in the wake of cut-throat competition has slashed down the rates of their home loan products. The move, made effective from August 20, will take the interest rates on home loan of up to Rs. 20 lakhs, to 8.75 per cent. On the [...]

Deciding a complaint filed by Panchkula resident Birbhan Goyal, the consumer forum held on Tuesday that enhancement in the rate of
interest in case of home loan is illegal and unwarranted. Imposing a penalty of Rs one lakh, which the bank will pay to Goyal, the forum said, ‘The bank is directed to overhaul accounts of [...]