NATIONAL HOUSING BANK AND THE RBI- pass on the benefit of lower interest rates uniformly to all customers RBI has directed the top banks to charge lower home loan rates to old customers instead of just using the lower interest rates to pull new borrowers. But lenders continued to resist the proposal, citing cost mismatch. The contentious issue cropped … Continue reading UNIFORM INTEREST RATE TO ALL HOME LOAN BORROWERS – NHB AND RBI
Tag: National Housing Bank
Pre closure/foreclosure charges for home loans – Government Directions –
Government, in May 2010, advised Public Sector Banks, Indian Banks’ Association and National Housing Bank that no pre-payment charges may be levied by the lending institutions when the loan amount is paid by the borrowers out of their own funds; and if any pre-payment charges are to be imposed on housing loans, the same need … Continue reading Pre closure/foreclosure charges for home loans – Government Directions –
Central registry for properties to avoid fraud is operational
The Central Registry for Properties Operationalised to avoid multiple lending on the same property The Central Registry of Securitisation, Asset Reconstruction and Security Interest of India, A Government Company, Incorporated to prevent fraud on lending money on properties The Central Registry has become operational with effect from today i.e.31st March,2011. The objective of setting-up the … Continue reading Central registry for properties to avoid fraud is operational
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