Housing finance company

Shobhit Jain (Querist) 03 June 2020 This query is : Resolved
1-Is there any minimum/maximum rate of interest at which NBFC/housing finance has to give housing loans to the public?
2-What is the cost of funds for new NBFC/housing finance companies at the initial stage?
3- What are the ways with which NBFC/housing finance companies can bring down it cost of funding over a period of time?

Can anyone help with these questions, it will be of great help

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Quick Summary

This discussion delves into key aspects of housing finance companies (NBFCs). It addresses whether there are set minimum or maximum interest rates for housing loans and explores the initial cost of funds for new companies. Furthermore, it examines strategies NBFCs can employ to lower their funding costs over time, such as mobilising cheaper funds and refinancing.

Raj Kumar Makkad (Expert) 03 June 2020
Your query consists of information and not legal problem. This is an academic discussion and Chartered Accountants are meant to resolve such issues.

Rajendra K Goyal (Expert) 04 June 2020
You said:
1-Is there any minimum/maximum rate of interest at which NBFC/housing finance has to give housing loans to the public?
Reply:

You were replied in your previous query please visit at:
https://www.lawyersclubindia.com/experts/Nbfc-interest-rate-718071.asp

Rajendra K Goyal (Expert) 04 June 2020
You asked:
2-What is the cost of funds for new NBFC/housing finance companies at the initial stage?

Reply:

Depend on case to case basis. Not fixed.

You asked:
3- What are the ways with which NBFC/housing finance companies can bring down it cost of funding over a period of time?

Reply:

By mobilizing low cost funds, by refinance, by reducing operational cost

Dr J C Vashista (Expert) 04 June 2020
Well advised by experts, even then repeated same story ??

Raj Kumar Makkad (Expert) 04 June 2020
Repetition is not found here on the part of the author.

Rajendra K Goyal (Expert) 05 June 2020
Full query was not repeated, only one part as mentioned above was repeated and accordingly pointed out.

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