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.
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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.
Mon, Nov 11, 2024
Pradhan Mantri Awas Yojana (PMAY) 2024: Under the new scheme, new methods of assessing income will be adopted for people seeking home loans. For example, a street vendor's earnings from a QR code can be considered their income, or their income can also be estimated from average billing.
Fri, Aug 04, 2023
Many homebuyers resort to additional amounts under their existing home loan to meet the escalated cost. Here are a few important factors you should take into consider before availing more funds under your existing home loan.
Thu, Jul 27, 2023
In addition to the principal repayment, tax deductions are also applicable on the interest paid on your home loan. Section 24 of the Income Tax Act allows for deductions of up to Rs 2 lakh for a self-occupied property on the interest paid for home loan.
Wed, Jul 26, 2023
It’s important to consider a few factors before finalising the loan offer as it could significantly impact your budget and financial status. If you are looking for a home loan, here are a few tips that may come in handy for you.
Thu, Jul 20, 2023
As home loans involve large sums and have extended payback terms, they come with certain strict eligibility criteria that banks evaluate before approving the loan applications. A number of factors are taken into consideration while assessing a housing loan application.
Tue, Jul 11, 2023
Combining two home loans can help in saving money and also helps in boosting credit score. You can merge the two home loans by following a few simple steps. Income Tax deductions can also be claimed on the interest paid for home loans.
Sun, Jul 09, 2023
Personal loans and gold loans can be the perfect solution whenever a person is need of extra funds or in case of an emergency. Here is a comparison of the advantages, disadvantages and the characteristics of both these loans, so you can decide which is the more suitable option for your needs.
Sat, Jun 10, 2023
Banks like the Central Bank of India, Kotak Mahindra Bank, and Punjab National Bank offer home loans with cheap interest rates. You can avail the cheapest housing loan at an interest rate as low as 8.5 per cent.
Tue, Jun 06, 2023
Home loan guide interest rate, down payment, loan tenure, PMAY guide: While it may be tempting to pay the minimum down payment required to purchase a home, a higher down payment can significantly lower the loan burden.
Sun, Jun 04, 2023
Owning a home is a major goal in life for a lot of us, but factors like high real estate prices and high-interest rates on home loans can make it very difficult. So, if you’ve taken a home loan or are planning to take one, then here are some tips on how you can reduce your home loan EMIs and save money.
Wed, May 31, 2023
India has a shortage of nearly 19 million houses. Almost 78 million Indians live in slums, which is about 17% of the world's homeless population. A young fintech start-up, BASIC Home Loan, has been working to solve the problem of access to home finance for this segment of the population.
Mon, Apr 03, 2023
In October 2022, the firm had forayed into the small business loans space offering loans up to Rs 20 lakh to entities in Tier-III and Tier-IV towns to meet their expansion and working capital requirements. The company has over 10 exclusive small business loans branches.
RBI MPC meeting April 2023: Reserve Bank of India (RBI) Governor Shaktikanta Das-led Monetary Policy Committee — the central bank's all-powerful panel that decides the benchmark interest rates in the country — on April 6 announced a surprise status quo on the repo rate, leading to an intraday recovery on Dalal Street. Repo rate is the benchmark rate of interest at which the RBI lends money to commercial banks — this is the very rate that determines the EMI you pay for any of your loans. Follow this space to know all about the RBI MPC's second bi-monthly review of 2023, minute-by-minute updates, the views of Zee Business Managing Editor Anil Singhvi and other experts, realtime analysis and much more, only on Zeebiz.com's LIVE blog.
Mon, Mar 27, 2023
As interest rates increased from a decade-low of 6.5 per cent to over 9.5 per cent, the loan repayment tenure for many borrowers has stretched beyond their retirement age. This has dealt a blow to those home loan buyers who have taken home loans on floating rates. Why has home loan become expensive? What is its impact on common man? Watch full analysis with Deepak Dobhal.
Sun, Mar 12, 2023
The home loan at 8.4 per cent makes Bank of Maharashtra it one of the lowest in the banking sector. This would help the public sector bank to get more home loan business and shall also help home loan borrowers to pay reduced EMIs.
Indexation, or the adjustment of purchase price of property for inflation, can affect the cost of buying and selling property majorly. Here we talk about how its calculation, and its use in determining property tax.
Fri, Mar 10, 2023
Bank of Baroda Home Loan Interest Rate 2023: The new rates are applicable from March 5 to March 31, 2023, according to the details available on bank's website.
Sun, Mar 05, 2023
Undivided Share of Land, or UDS, plays a crucial role in determining ownership rights and in resolving property ownership disputes. Here we discuss its meaning, calculation, and use.
Wed, Mar 01, 2023
ICICI Bank MCLR 2023: The latest hikes in the interest rates follows the Reserve Bank of India's (RBI) latest move to increase the repo rate by 25 bps to 6.50 per cent.
HDFC RPLR 2023: HDFC in a statement said that it has increased its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked.
Sun, Feb 26, 2023
The Right Property Show: Capital Gains Tax can significantly impact the total cost of your property transaction. Here we talk about exemptions that can help you reduce this tax liability.
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