home loan
Home loans: Step-up, or top-up, check out how you can benefit
Wed, Nov 14, 2018
Sunil was looking to buy a residential flat. He approached a Housing Finance Company for a loan. While going through various loan products being offered, Sunil got confused since he was a first time borrower and had just started to earn.
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Home loan EMIs set to soar, borrowers to suffer big money loss
Wed, Oct 03, 2018
Analysts and bankers believe that RBI may be all set to hike the policy rate on Friday (October 5) for third time in a row, and it is bound to trigger another round of hikes soon. Your equated monthly installments (EMIs) will be at the receiving end.
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Can a good credit score help you reduce interest rate on your loan?
Sat, Jul 14, 2018
At some point in our lives, we need financial funding for various reason. And you must have heard that banks are always guiding you to maintain a good credit score. This one indicator plays a major role in what happens to your loan request. Your credit score helps you determine two things.
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Buying a house vs renting a house: Here is what you should do
Thu, Jul 12, 2018
Possessing a home is a dream for everyone. Purchasing a house is always considered an achievement and a step towards fiscal success. But it is not easy to buy a real estate property in India, where prices are often beyond reach and almost every buyer has to resort to taking home loan to fund their purchase.
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How to reduce impact of rising home loan rates now
Fri, Jun 08, 2018
With the reversal of the interest rate regime being clear, existing home loan borrowers should prepare themselves for rising Equated Monthly Instalments (EMIs). However, as home loan interests vary widely across banks and NBFCs, existing home loan borrowers can reduce the impact of rising interest rate regime by transferring their home loans for lower interest rates. If you have an existing home loan, consider these factors to decide whether to transfer your home loan.
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Big relief! Home loan interest rates set to fall; you dream house now gets a step closer
Thu, Jun 07, 2018
The apex bank, however, stated that the overall cost of the house in the metropolitan centre and at other centres should not exceed Rs 45 lakh and Rs 30 lakh, respectively to qualify for this benefit. Overall home loan rates may become costlier after RBI's 25 basis point hike in repo rate, but loans up to above-mentioned limit may cost comparatively less.
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Home loan crackdown soon? Small borrowers under spotlight now
Thu, Jun 07, 2018
RBI also plans to hike the affordable housing tag for loans up to Rs 35 lakh from the existing limit of Rs 20 lakh, which will benefit housing finance companies in the form of tax break. The central bank has allowed banks to club the affordable housing scheme with priority sector lending (PSL), which will help banks meet their PSL targets.
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