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Showing posts with label housing loan. Show all posts
Showing posts with label housing loan. Show all posts

Sunday, 11 January 2009

Sub prime crisis effect on Housing Sector

1. Sub prime crisis is taking its toll on the world markets and same is visible in Indian markets. However Indian govt on its part has doled out a package which can revivie the economy.

2. Indian govt has ensured that low sum borrowers i.e. below 5 Lakh can get the loans at most competitive rates and said rate is as low as 8 percent from the public sector banks.

3. A single housing loan gives impetus to more than 165 industries and thus it is a right step to give a boost to the economy.
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Tuesday, 29 January 2008

Housing Loan Update

1. It is a bad news for home loan seekers as RBI governor MR Y.V. Reddy has not reduced the rate of interest as the meeting for rate reduction is over as on 29 Jan,08.

2. However he has hinted at availability of cheap credit to certain categories and it is hoped that housing loan will be one category as it gives boost to the at least 169 industries.
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