Housing Loan Archive

Stamp Duty Goes Up For EM Letters in Kerala- Bank Loans Become Costly 

EM letters (Equitable Mortgage Letters) started attracting stamp duty in the state of Kerala from April 1, 2019 making home loans and other loans secured by immovable property costlier. Stamp duty associated with home loans and other

Kerala State Government Employees Fresh Housing Loans under HBA Scheme 

Kerala State Government Employees were entitled for Housing Loans under House Building Advance (HBA Scheme) till July 2018. Thereafter, the Government of Kerala directed the employees to approach scheduled commercial bank / NBFCs working in the state

HBA Scheme of Kerala State- Loans Sanctioned from 2009-10

Kerala State Government Employees including government teachers were being sanctioned House Building Advance (HBA scheme) from 2009-10 with concessional rate of interest.  Vide order FINANCE (HBA) DEPARTMENT G.O(P) No. 105/20 18/Fin Dated, 05.07.2018, Government of Kerala  directed

Now Is the Right Time For Home Loan Borrowers-Ignore Interest Rate Directions

Borrowers, especially home loan borrowers, were glad to hear the reduction in repo rate from 6.5% to 6.25% announced by the Reserve Bank of India on February 6, 2019. The reduction in the benchmark rate came as

HBA scheme for Government Employees in Kerala shifted to Banks

Kerala State Government employees will have to approach scheduled commercial banks/ NBFCs functioning in the state to avail of House Building Advance (HBA scheme) hereafter. So far, the loans under House Building Advance at concessional rate of

Owning a House Is a Celebration- Purposes For Which Housing Loans Are Sanctioned

Why Housing Loans are important? Shelter is one of the three basic needs of life, the other two being food and clothing. With the population explosion and migration of unemployed people from rural areas to industrial areas

Stipulations To Be Satisfied For Housing Loans

Housing loan market is a highly competitive field. Each Bank/ Financial institution stipulate their rules based on the targeted group and also based on the past records of defaults. Normally conditions stipulated vary from Bank to Bank.