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
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.
