Thursday, August 21, 2014

Need to tweak policies for affordable housing: R Gandhi

........."One such product could be saving induced home loan deposit scheme. Customers may be induced to start a saving balance by way of monthly or periodic deposits. This will create a track record for future loan repayment. Once you reach a threshold, the financial institution can think of giving the individual a loan. The balance can be used as a collateral or margin and the financial asset should be used as a base to assess repayment capacity,"...............

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