Thu, Nov 28, 2024
A loan is seen as a viable option to fulfil any big financial needs such as buying a house or a vehicle if there is a dearth of required funds. Loans allow a person to possess a property, go for higher studies or manage any other needs with the help of equated monthly instalment (EMI) payments each month.
More >
Mon, Nov 18, 2024
Opting for a shorter loan tenure can save you significantly. By increasing your EMI slightly, a Rs 60 lakh loan for 25 years reduced to 21 years can help save nearly Rs 20 lakh and several repayment years.
Fri, Nov 15, 2024
According to the official website of the State Bank of India, the bank has revised the MCLR rates for 3 months, 6 months and 1 year.
Wed, Apr 03, 2024
Home loan Prepayment: One of the most tested and effective strategies to reduce your interest on principal is prepayment. It may be in the form of paying one extra EMI every year or paying a 10 per cent higher EMI every year. Know how you can use these tactics to reduce your home loan repayment substantially.
Fri, Mar 29, 2024
Home Loan Insurance: Highlighting that the bigger the coverage, the bigger its cost, Hemant suggested that one can consider buying the coverage with a single premium instead of including the premium in your loan, which reduces your loan eligibility and also extracts interest on the premium.
Sat, Mar 23, 2024
A 2019 study conducted by ANAROCK, a leading Indian real estate company, revealed that approximately 30-35 per cent of homebuyers in the country were women. Another survey conducted by ANAROCK found that out of the women homebuyers, 78 per cent preferred to purchase homes for personal use, while 22 per cent intended to buy properties for investment purposes.
Wed, Feb 07, 2024
RBI Monetary Policy HIGHLIGHTS, RBI MPC Meet Feb 2024, Repo Rate: The RBI Governor Shaktikanta Das-led Monetary Policy Committee left the repo rate, or the key interest rate at which the central bank lends money to commercial banks, unchanged at 6.5 per cent on February 8. The status quo on monetary policy comes days after Finance Minister Nirmala Sitharaman unveiled the Interim Budget 2024 in Parliament on February 1, 2024. Catch all the highlights of the February 2024 RBI monetary policy review, expert views, market reaction, and much more here.
Home loan interest rates might vary greatly based on the applicant's credit score and the lender's credit rules. As a result, before applying for a mortgage, it is usually a good idea to examine the interest rates of many lenders.
Sun, Dec 10, 2023
Often people have this question in their mind that while taking a home loan, which option would be better between fixed or floating interest rate. Today, we will tell you the difference between the two, which will help you in taking the right decision.
Thu, Dec 07, 2023
Feeling anxious about the recent repo rate change and its impact on your home loan EMI? Relax! This video explains the difference between fixed and floating interest rates in home loans and how they react to repo rate changes. Discover whether you need to worry or not based on your loan type.
Tue, Nov 28, 2023
Home loan prepayment can help you save huge amount and slash years from the loan duration, specially when it's high amount and long term. But if you prefer investment to prepayment, you can save more money. Know the calculations in this write-up.
Thu, Nov 23, 2023
If a borrower dies midway through their home loan repayment, a home loan protection plan or a term insurance policy can help their family repay home loan. If one purchases add-ons, an HLPP can also cover physical disabilities, terminal illnesses, fire accidents, man-made hazards, and joblessness.
Mon, Nov 13, 2023
After taking the home loan, most people often make the mistake of not keeping a tab of increasing interest rates, due to which, the repayment duration of the loan can extend from 20 years to up to 30 years or more.
Thu, Nov 09, 2023
If somebody takes a home loan and dies before repaying it, in such a situation, the burden to repay the home loan will fall on the deceased's family members' shoulders. But if they had purchased a home loan insurance plan at the time of taking the home loan, the remaining amount will be paid through it.
Tue, Oct 24, 2023
If you make timely credit card bill payments and maintains a healthy credit score, you have the chances of getting a home loan at quite a low interest rate than the rate offered to the person who miss payment deadlines and has a poor credit score.
Fri, Oct 20, 2023
Buying a house is definitely a goal to fulfil. Buying a home gives a person the privilege of asset ownership right from the very first day.
Fri, Oct 06, 2023
Festive Season: Now the festive season is starting from the month of October, so how can we take advantage of the festive season offers in this season, and what is the right time to take a home loan?
Refinancing you existing loan, switching from floating to fixed rate loan and setting automatic payments are some of the ways to repay your home loan earlier than the scheduled time.
According to CA Manish Mishra, Virtual CFO and Startup Advisor, the RBI's decision to maintain the status quo on the repo rate and inflation provides stability but also indicates a commitment to combating inflation.
Tue, Sep 26, 2023
The increased interest rest also leads to higher EMI burden. Also, the borrowers who already have availed home loans at a floating interest rate will have to pay higher EMI.
Fri, Sep 22, 2023
Mutual Fund SIPs can earn a major corpus after investing in it for a long time. This will help individuals to compensate for their home loans.
Prepaying a home loan can help you save on the interest paid due to a longer repayment term. For this, mutual fund SIPs could be one of the best options as they offer lucrative returns and would help in repaying the loan while also building a sizable investment corpus.
Mon, Sep 18, 2023
Home loan interest rates have increased unprecedentedly in the past two years. One can consider a home loan balance transfer to ease the burden of higher EMIs.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
