Category: Housing Finance

Follow the latest trends in housing finance, including home loan rates, mortgage policies, RBI updates, and government schemes. Stay informed about financial products and regulations that impact homebuyers, investors, and lenders in the real estate market.

Housing FinanceLatest Stories

Capital India Finance Wins RBI Nod to Sell Housing Finance Unit

Representative Image NEW DELHI: Capital India Home Loans (CIHL), the key subsidiary of Capital India Finance (CIFL), a non-banking financial company (NBFC), has secured the Reserve Bank of India’s (RBI) approval for its acquisition and change in control by Weaver Services. The transaction is valued at ₹267 crore for 100% equity shares of CIHL. In October 2024, the decision was made to divest its entire stake in the company’s main subsidiary. Subsequently, CIHL submitted an application to the RBI for approval regarding Weaver Services’ acquisition and control change. “Capital India Finance is currently undergoing strategic consolidation, focusing on strengthening its…

Housing FinanceLatest Stories

Westridge to Sell 9.8% Stake in Aptus Value Housing

Aptus Value Housing stocks will be under the spotlight on Tuesday as private equity firm Westridge Investments intends to sell a 9.8% stake in a transaction valued at Rs 1,495 crore, as reported by CNBC-TV18. The floor price for the transaction is set at Rs 305 per share, according to sources. Aptus Value Housing Finance India experienced a 26% year-on-year increase in net profit for the March quarter, driven by robust disbursement growth and improved operational efficiency. The profit after tax reached Rs 207 crore, up from Rs 164 crore during the same period last year. Disbursements saw a 10%…

Housing FinanceLatest Stories

Bank of Baroda, HDFC Cut Lending Rates by Up to 50 bps

NEW DELHI: On Sunday, state-owned Bank of Baroda (BoB) announced a reduction of its benchmark lending rate linked to the repo rate by 50 basis points, aligning with the Reserve Bank of India’s (RBI) recent rate cut. Meanwhile, private sector lender HDFC Bank lowered its Marginal Cost of Funds-based Lending Rates (MCLR) by 10 basis points across various tenures, which will be advantageous for borrowers linked to this benchmark. Following the RBI’s policy repo rate cut, BoB has reduced its Repo Linked Lending Rate (RLLR) by 50 basis points effective June 7, now standing at 8.15 percent. This adjustment reflects…

Housing FinanceLatest Stories

Bank of Maharashtra Cuts Retail Loan Rates by Up to 50 Bps

NEW DELHI: The Bank of Maharashtra, a state-owned institution, announced on Thursday that it has cut its interest rates by up to 50 basis points on retail loans including home, car, education, and other loans linked to the Repo Linked Lending Rate. This reduction aligns with the RBI’s recent rate moderation and is effective from June 10. With this cut, the starting interest rate for home loans is now 7.35 percent, while car loans begin at 7.7 percent, marking some of the lowest rates in the banking sector, according to a statement from BoM. The bank emphasized that this rate…

Housing FinanceLatest Stories

NHB Tightens Refinance Rules to Prevent Home Loan Misuse

MUMBAI: The National Housing Bank (NHB) has implemented new regulations for refinancing home loans on properties that are still under construction. According to an order issued to home financiers, NHB will now offer refinance only for loans where less than half of the construction is completed at the time of the initial disbursement. This regulation specifically pertains to loans designated for construction on plots or for building homes on self-owned land. NHB stated, “For loans extended to individuals for ongoing construction, refinance will only be available when no more than half of the construction is finished at the time of…