20th Jan 17 HDFC Limited reduces retail prime lending rate (RPLR) by 15 basis points for existing home loan borrowers
HDFC Limited has reduced its retail prime lending rate (RPLR) by 15 basis points for existing home loan borrowers. The revised PLR now stands at 16.15 percent as compared to 16.30 percent earlier. Home loan rates are calculated by reducing the spread form PLR.
19th Jan 17 HDFC Limited with Duville Estate launches a subvention scheme for new homebuyers in Pune
HDFC Limited in association with Duville Estate Estate has launched a subvention scheme for their new home buyers in its new project Riverdale Heights in Pune. Under the scheme, buyers can make an initial down payment of less amount of Rs. 51, 000 in addition of statutory payments such as service tax, VAT and stamp duty.
19th Jan 17 DHFL expects 30 percent growth in home loan business in Telangana and Andhra Pradesh
DHFL, a leading housing finance company is expecting a 30 percent growth in its home loan disbursements in the state of Telangana and Andhra Pradesh during the current financial year. The company has disbursed home loans of Rs. 1700 crore during FY 2016 in these two states. The growth is expected to be driven by a steady demand for affordable houses.
18th Jan 17 JM Financials is likely increase its stake in affordable housing firm India Home Loan
JM Financials is likely to further increase its stake in India Home Loan, affordable housing finance firm. JM Financials currently holds a 24.50 percent stake in the company. India Home Loan is a housing finance firm that primarily provides home loan product under affordable housing loan segment.
17th Jan 17 LIC Housing Finance registers a 19 percent growth in its net profit in third quarter of FY 17
LIC Housing Finance has reported an increase of 19 per cent in its net profit at Rs. 499 core for third quarter ending on 31st December, 2016 as compared to Rs. 419 crore for the corresponding period a year ago. Non performing assets of the company have declined to 0.56 percent from 0.58 percent during the same period a year ago.
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