Thu, Aug 08, 2024
Home Loan Prepayment: If you take Rs 50 lakh home loan for 20 years at 10 per cent interest rate, your equated monthly instalment (EMI) will be Rs 48,251, the total interest will be Rs 65,80,260, and the repayment amount will be Rs 1,15,80,260.
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Mon, Sep 04, 2023
Home loans interest rates have gone up, increasing the financial burden for borrowers. Individuals should consider prepayment or balance transfer to reduce their EMI burden.
Mon, Dec 26, 2022
Reserve Bank has hiked the repo rate, at which it lends to the system in five consecutive moves by a cumulative 2.25 per cent since May this year.
Tue, Jun 18, 2019
In the case of a home loan, the interest rates offered to women are much lower compared to those offered to men by banks.
Thu, Aug 03, 2017
RBI trimmed down policy repo rate to 6% from 6.25% which is expected to boost housing sector.
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