Searched Tag: home loans
September 24, 2024, 08:42 AM - 2 min read
Home loan originations dropped 9% in the June quarter, while outstanding home loan balances grew at their slowest rate of 14% amid tighter credit supply, as lenders showed increased reluctance to extend loans, particularly to new-to-credit customers, according to a Transunion Cibil report.
Read moreMarch 30, 2024, 10:21 AM - 2 min read
The revised regulations mandate that financial institutions cannot charge penalties in the form of additional interest rates for non-payment of Equated Monthly Installments (EMIs) or loan repayments. However, they retain the ability to levy penal charges, albeit in a reasonable and transparent manner.
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