Can NRIs Get Housing Finance in India?
Question: Can NRIs obtain loans for acquisition of a house/flat for residential purpose from authorised dealers/financial institutions providing housing finance in India? Answer: The Reserve Bank of India (RBI) has granted some general permission to certain financial institutions providing housing finance e.g. HDFC, LIC Housing Finance Ltd., etc, and authorized dealers to grant housing loans […]
Posted: May 19th, 2012 under India Real Estate Investments, Indian Real Estate Laws.
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HDFC Cuts Home Loan Rate Again
India’s largest housing finance company HDFC has reduced home loan rates by as much as 150 basis points (ie 1.5%). So now, the floating rate for home loans has come down from 11.25% to 9.75%, which is the same level as in 2006. Real estate advisers say the maximum benefit from this rate cut will […]
Posted: January 16th, 2009 under India Real Estate Funds, India Real Estate Investments, India Real Estate News.
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