The other day there have been two very good news for borrowers. The one that banking institutions and NBFCs have begun sanctioning larger mortgage loans (over Rs 1 crore) so long as three decades tenure. This will be when it comes to first-time since the credit crisis. These loans will especially target the salaried that is young within the age bracket of 25-30 who will be at the initial phases of professions while having high aspirations as well as as making potentials.

The next very good news had been that April onwards, because of the brand brand new lending base price calculation formula, banking institutions will soon be quicker to pass through on any price cuts to borrowers. Nevertheless, these are great news as long as you’ve got a good credit rating. (more…)