Wednesday, June 27, 2012

Home Loan demand rises according to CIBIL


According to a survey by CIBIL, credit rating agency, the home loan enquiries have been increased up to 18% in first quarter of year 2012. This proves that the demand for home loans is increasing. In last few quarters, it has been seen that home loans enquiries are rising continuously.

With the easing of monetary policy for loans in this segment, customers are increasing in number. Customers applying for loan amounting less than 5 lakh have decreased to 20 per cent from 41 per cent where as for loan amount more than 10 lakh, the increase is 55 per cent from 33 per cent.

Customers who got their loan sanctioned amounting between 5 lakh to 10 lakh remained around 25 per cent. Consumers are now more inclined towards seeking home loans to build their dream home.

2 comments:

Unknown said...

Best information on home loan in this matter. Quality of the content is quite trendiest.
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Unknown said...

Provides good information. However if there is a problem with your CIBIL score you cant avail of these home loans. I had faced such trouble before. Please visit rectifycredit.com and you will have no hurdles in getting your home loans sanctioned