The report further showed that Ahmedabad has emerged as the most affordable housing market, with households spending just 18% of their income on home loan EMIs.
Buying a home has become more tedious in India, with escalating property prices identified as the primary concern.
In a move set to ease the financial burden on millions of home loan borrowers, the Reserve Bank of India (RBI) has slashed the repo rate by 50 basis points to 5.5 per cent, marking the third consecutive rate cut in 2025.
According to the report launched by the NHB, on Trends and Progress of Housing in India, 2024, Individual housing loan disbursements were recorded at Rs 4.10 lakh crore during the half-year that ended September 2024, while for the full financial year 2023-24, disbursements reached Rs 9.07 lakh crore.
Tata Capital's Home Loan offering, popular for its low-interest rates and simple application process, also provides a seamless home balance transfer process. You can now move your home loans from other financial institutes to Tata Capital without much hassle.
Using some of these easy tricks can help you clear your house loan in a minimum time frame enabling a hassle-free loan experience and opportunities for future savings.
During the current situation, the government has been prompt and active in providing relief packages. Be it announcing the National Infrastructure Pipeline or extending the benefits of Pradhan Mantri Awas Yojana (PMAY) for EWS strata of the society.
One-year MCLR, to which majority of the consumer loans are tied, now stands at 7.40 per cent against 7.60 per cent earlier.
Typically, in a home loan, a bank offers MCLR with a reset period of six month or one year.
The move came a day after the Reserve Bank of India’s monetary policy committee (MPC) kept repo rate unchanged at 5.15 percent.
