Buy – now – pay – later mantra is still prevailing among the new breed of Indians, which have very positive way of looking up things.

“Growth in home loans has been slowing this year. This is largely on account of rising property prices.

Recent studies have revealed that home loans market has shown signs of slowdown. Despite rising income levels, bankers are on the view that the biggest impediments in its growth are the property prices. Property prices have increased by about 50% to 60% in the last one year, though in some pockets the rise was as much as 100% to 150%.

“Growth in home loans has been slowing this year. This is largely on account of rising property prices and higher base,” said Rajiv Sabharwal, senior general manager, ICICI Bank. The home loan portfolio, which has registered a growth rate of about 30% year-on-year, has dipped to 25% this fiscal. HDFC, its close competitor, denied having witnessed any slowdown in home loan disbursements, its spokesperson said.

ICICI Bank crowned as the largest home loan player had the total retail disbursement figures of Rs 33500 including home loan disbursements of about Rs 13400 crore. Retail assets constituted 69% of advances and 66% of customer assets. Rising interest rates have also to some extend, bankers said, had an impact on the home loan market. Home loan rates have increased by over 1% in the past one year. For a pure fixed home loan without the money market option the interest rate stands at around 11%. While, a floating rate loan is pegged anywhere between 9.5% to 10%.

Any ways home loans are still the hot pursuit among the Indian with market showing some signs of slowness. With due time people getting more affordable the market is still very live. Assets of more than Rs 160000 crore the market still looks healthy and intact. The buy – now – pay – later mantra is still prevailing among the new breed of Indians which have very positive way of looking up things.



By: Karan

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JOYCE

ds asked:


No doc loans? Home loans that do not include taxes or Insurance given to people who have NEVER held a job in their life? Why did they do it?

SAMANTHA

Tori Lynn asked:


I have 7 small pay day loans out and i’m unable to pay them right now. They have been calling me and leaving threatening messages. They have even called me at work. I don’t know what to do or what they can do to me? Can someone give me some advice on this?

ZACHARY

dee_ann asked:


i got into some trouble with pay day loans and finally had to quit paying on them because i couldnt pay my other bills, but now the calls are coming every day threats of jail, and they have even come in person to my home and where i work. is there any way out of this mess?

ANN

javajunkie asked:


Hello. I am a recent law school grad with 120k of student loans (both private and federal) and I’d like to find out a way to consolidate my loans and hopefully lock in a lower interest and payment rate. Does anyone have any good advice on which bank to chose and how to go about consolidating? thanks!

NICOLE

T N asked:


I know that you can get federal student subsidized and nonsubsidized loan, but these non-credit based loans only goes up to $20,000. The school I want to go to cost $60K. Are there any other types of loans out there available to grad students with bad credit? My FICO score now is 445.

SUZANNE