Polices and Procedure for Sanctioninrg Housing Loans In India

Abstract

Housing finance is comparatively a new concept in the finance sector of India. It is developed rapidly during the last two decades due to the enthusiastic interest of Government of India to cut-short the housing problem of the country. Residential property markets constitute almost 80% of the real estate market in terms of volume and growing every year. Most of the Housing Finance Companies offer 75% to 90% amount of loan, of the cost of property including the cost of land. In the present competitive housing loan market a housing loan customer can avail this loan without any difficulty. Besides, in some cases Housing Finance Companies include stamp duty and registration charges too in the total quantum of loan.