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E-mail ID will not be published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

  • Strict penalties for coal scam accused is in order

    Throughout history, India has been a resource rich, people poor country.

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

Tushar Gandhi

Could prohibition mean profiteering?

In the mid 1930s, an American journalist asked Bapu if ...

Rajgopal Nidamboor

Drive your faith to awaken your soul

Most of us know about Abraham Maslow’s ‘self-actualised’ individual or ...

Shona Adhikari

The man who perfected the art of stashing

The story of Cornelius Gurlitt, the son of a prominent ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture