In tier-I cities the most preferred amount was Rs 36 lakh for home loan Rs 26 lakh for balance transfers and Rs 32 lakh for loan against property. In tier-II cities it was Rs 26 lakh Rs 23 lakh and Rs 18 lakh respectively. — Representational image/By arrangement Chennai: Home loan issuances rose 26 per cent in the first half of 2021 against the second half of last year. Balance of home loan transfers too rose 42 per cent finds a study by MagicBricks. The low interest rates lower stamp duties in some states and attractive incentives by builders have helped a 42 per cent surge in demand for balance transfers 26 per cent rise for home loans and 20 per cent in loan against property in H1 2021 against H2 2020 according to Magicbricks Home Loans Consumer Study. In tier-I cities the most preferred amount was Rs 36 lakh for home loan Rs 26 lakh for balance transfers and Rs 32 lakh for loan against property. In tier-II cities it was Rs 26 lakh Rs 23 lakh and Rs 18 lakh respectively. As per another recent report by Nobroker.com Loan-to-Value and foreclosure charges are the most critical factors for deciding the lender bank for home loans. A higher LTV reduces the down payment amount and lowers the foreclosure charges.

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