The retirement fund organization Employees Provident Fund Organization (EPFO) on Saturday lowered the interest rate on the employees’ provident fund to 8.1% for 2021-2022, the lowest rate offered by the EPFO ​​since more than four decades, the Press Trust of India news agency reported citing sources. This is the lowestRead More →

Maintaining a low interest rate regime could give home buyers more confidence. New Delhi: The Reserve Bank’s decision to keep policy rates unchanged will keep mortgage interest rates low and support the ongoing recovery in housing demand, according to property developers and consultants. Welcoming the RBI’s policy, CREDAI Chairman HarshvardhanRead More →

The Reserve Bank’s decision to keep policy rates unchanged will keep mortgage interest rates low and support the ongoing recovery in housing demand, according to property developers and consultants. Welcoming RBI policy, CREDAI Chairman Harshvardhan Patodia said, “The RBI’s accommodating stance on keeping repo and reverse repo rates unchanged isRead More →

NEW DELHI: The Reserve Bank’s decision to keep key rates unchanged will keep mortgage interest rates low and support the ongoing recovery in housing demand, according to property developers and consultants. Welcoming the RBI’s policy, CREDAI Chairman Harshvardhan Patodia said, “The RBI’s accommodating stance on keeping repo and reverse repoRead More →

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Favorable demographics, increased affordability of residential properties and historically low mortgage rates are boosting demand for home loans, mortgage lenders have said. Several major banks, mortgage companies and housing finance companies significantly reduced their interest rates on home loans during the festival period to take advantage of the resumption inRead More →

Favorable demographics, better affordability of residential properties and historically low mortgage rates are pushing demand for home loans, mortgage lenders said. Several major banks, mortgage companies and housing finance companies cut their interest rates on home loans significantly during the festival period to cash in on the recovery in demandRead More →

The Reserve Bank of India (RBI) once again maintaining the status quo on key rates, borrowers can enjoy low interest rates on loans for some time yet. At its bimonthly Monetary Policy Review meeting on August 6, 2021, the RBI announced that it was once again keeping its policy ratesRead More →