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.
Thu, Sep 10, 2020
In what comes as a good news for homebuyers, the State Bank of India has announced special offers on home loans. The lender said borrowers applying for home loan in SBI will get three benefits - nil processing fee, 0.10% interest concession for borrowers having higher Cibil score for loans above 30 lakh and less than 1 crore, additional 0.5% concession if applied through SBI's Yono app.
Thu, Aug 13, 2020
When household incomes have been hit on account of low business activity, W\would it be prudent to apply for a home loan during the pandemic? Every dark cloud has a silver lining and the current situation is no different
Tue, Jul 28, 2020
Buying a house is always a big event in India. People seem to be obsessed with buying property and mostly, home loan comes to their rescue. It gives you the comfort of repaying the amount over a longer period. A lot of people own more than one house.
Fri, Jul 03, 2020
SBI Home Loan: Amazing news for home loan seekers. India’s largest public sector lender State Bank of India is offering instant home loan at interest rates starting from 6.95 per cent per annum. The information is available on its official Twitter handle @TheOficialSBI
Thu, Jun 18, 2020
ICICI Home Finance (ICICI HFC) has launched SARAL – an Affordable Housing Loan, aimed to fund homes in urban and rural areas.
Wed, May 27, 2020
Section 80C of the Income Tax Act remains the most popular tax saving option, especially for the salaried class. It allows you to save up to Rs 1.5 lakh per annum. But, what if you exhaust the limit? In that case, a home loan can come to your rescue.
Fri, May 22, 2020
Real estate developers have welcomed the 40 bps repo rate cut and reverse repo rate cut by the Reserve Bank of India (RBI) Governor Shaktikanta Das led Monetary Policy Committee (MPC).
Wed, May 20, 2020
Income tax benefits are available under Section 24(b) for interest paid and under Section 80C for the principal repayment, subject to certain conditions.
Tue, May 19, 2020
Home loan benefits are multi-fold for women who want to buy a house as the government and financial institutions are taking various steps to incentivise women to buy a house. In fact, if you are a man and are planning to buy a house then you can include a woman as a co-buyer and benefit from it too
Wed, Apr 29, 2020
Home Loan EMI Transfer: Coronavirus lockdown has definitely hit the normal budget of a common man who has home loan EMI, car loan EMI and some other loans to repay.
Tue, Apr 28, 2020
Income tax benefits for joint home loans are available under Section 24(b) for interest paid and under Section 80C for the principal repayment, subject to certain conditions.
Sat, Apr 25, 2020
LIC Housing Finance Limited or LIC HFL has slashed home loan interest rate by 60 bps for those home loan applicants who have a better credit score.
Thu, Apr 23, 2020
If you are among those paying EMIs of home loans, car loans or any other borrowing or credit card bills, then this is an important development for you!
Wed, Apr 22, 2020
While leading mortgage lender HDFC has slashed its lending rate by 15 basis, which are effective from today, making home loans cheaper, are you still worried about your eligibility for home loans? HDFC makes it easier for you to know how much loan you can get from the lender
Tue, Apr 21, 2020
Leading mortgage lender HDFC on Tuesday slashed its lending rate by 15 basis points.The change will benefit all existing HDFC retail home loan customers, HDFC says
Sat, Apr 04, 2020
HDFC EMI Moratorium: If you avail of the EMI moratorium, there will be a levy of interest at the contracted rate of the loan for the period of EMI moratorium on the loan outstanding.
EMI Moratorium: Interest shall continue to accrue on the outstanding portion of the Term Loan during the moratorium period.
Thu, Apr 02, 2020
The warning has been issued with respect to deferment of equated monthly instalments (EMIs) offered under the RBI's relief package on account of COVID-19.
Bank of Baroda EMI refund: The Public Sector Bank (PSB) has announced that it will return the retail loan EMIs deducted in March 2020.
Mon, Mar 30, 2020
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