Is it time to re imagine the future of home loans in the current economy?

This public health crisis with the COVID19 pandemic has been brutal and is exposing people's financial health.

Post COVID times, with job cuts, pay cuts, organization restructuring, gig economy on rise, the regulating bodies need to revise their policies, be stern with house finance companies, financially compensate borrowers in case of service lapses to boost the housing sector and impact GDP

I have spent last few months collating nature of complaints that home loan borrowers have for select companies, by sourcing them from online forums and also used published reports for reference.

A white paper capturing a borrower's perspective of Housing Finance,  is ready with an overview of those grievances to be sent to RBI and Finance Ministry this month. Specific propositions have been included to protect financial interest of an home loan borrower and their long term financial well being.

Please sign and share so that financial cap of ROI is considered for specific loans subject to terms and conditions. Increase in term or EMI is the last thing that borrowers can manage now.