Home loans: IndusInd Bank inks MoU with HDFC

Private sector IndusInd Bank said on Wednesday that it has signed a memorandum of understanding with leading home-loans lender HDFC to sell the latter's home loans for purchase, construction,......

Why banks prefer to give term loans to professionals

As the average homebuyer's age has dropped from 40s to 27-30, many banks and housing finance companies offer 30-year loans. However, age isn't the only factor that helps one secure such loans. For......

How loan restructuring scheme can impact your finances

The accumulated interest will increase the principal and you will have to pay a higher rate. Borrowers should take the restructuring plan only after they are convinced they have exhausted all other......

Why should RBI be answerable to SC, asks Deepak Parekh

The chairman of mortgage giant HDFC Ltd in his annual letter to shareholders, also suggested a one-time restructuring of real estate loans, easing of external commercial borrowing rules and......