Tata Capital offers temporary fee sop to new home loan seekers

Non-banking lender Tata Capital today said it has waived processing fee for salaried class seeking home loans from the company, but for a limited period till January 26.

Under the scheme, a customer will have to pay Rs 5,000 as fee with the application, which will subsequently get reimbursed or adjusted against the interest payments on the home loan, Tata Capital said in a statement.

Due to slowdown in the corporate loan pick-up, many banks have been focusing on the retail sector, especially the highly secure mortgage loans.

A slew of banks, both from the public and private sector space and non-bank ones like HDFC, have been aggressively attracting customers with multiple offerings, including lower rates.

There are also reports of a slowdown in the realty sector, which some lenders, say is affecting home loan demand. The gloom on the economic front, which hurts the confidence of a potential borrower, is said to be one of the reasons for the slowdown.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Child abuse needs to be tackled with the seriousness it deserves

    The Bangalore rape case has again brought into focus an issue we Indians forever shy away from facing up to — child sexual abuse.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: THE BASE RATE BIAS

Base rate fallacy, also called base rate neglect or base ...

Parvez Imam

Revisiting history can do us all good

We often think that we understand history. We read it ...

Bubbles Sabharwal

Your happiness doesn’t depend on your needs

They are two different words (and even worlds) altogether: having ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture