Home loans may become cheaper as RBI slashes repo rate by 25 bps
Home loans may become cheaper as RBI slashes repo rate by 25 bps. The repo rate has reduced from 6.00% to 5.75%.
How to Avail Home Loan Subsidy Under Pradhan Mantri Awas Yojana?
Pradhan Mantri Awas Yojna (PMAY) – Credit Linked Subsidy Scheme (CLSS) is a government scheme launched with an aim to make buying home easier for: Economically Weaker Section (EWS) Low Income Group (LIG) Middle-Income Group 1 (MIG-I) Middle-Income Group 2 (MIG-II) The scheme offers subsidized home loan interest rates based on your household income. The…
Is it Possible to Claim Both HRA and Home Loan Tax Benefits?
Availing tax benefits in the same financial year can help you save on your taxes considerably. However, this is possible only if the rent agreement is in your name and you service home loan for another property. Both properties can be in the same or different cities.
ICICI Bank Introduces Instant Home Loan Disbursals
28 March 2019 – On Thursday, ICICI Bank launched two instant home loan products – Instant Home Loan and Insta Top Up Loan.
The ‘What’, ‘When’ and ‘How’ of Personal Loan Balance Transfer
Gaurav and Amit had taken personal loans of 5 Lakhs for 3 years from the same bank to cover their respective financial requirements. After a year, Gaurav got a personal loan balance transfer offer from another bank at a lower rate of interest while Amit continued to service the years. At the end of their…
Pros and Cons of Personal Loan Prepayment
Personal loan is one of the most preferred means to tackle the financial needs of an individual. The reason behind the loan’s popularity is that there are no rules for its end use. Be it travel, festival celebrations, wedding preparations, children’s higher education, home renovation or buying of gadgets, the product can be used for…
Tired of Buying Gold Traditionally? This Diwali Try These Options
Buying gold on Diwali is a common tradition in India. Purchasing this precious metal is believed to bring prosperity, wealth and good luck in our homes. Therefore, despite high gold prices prevailing during the festive season, we all buy it on this auspicious day. If you are bored of buying gold in a traditional way,…
This Dhanteras Gift Gold Coins to Your Loved Ones
Festivals are an important part of our life. It not only helps us preserve our culture and tradition but also gives us a reason to spread happiness among each other. It gives us a reason to take a break from our busy working schedules and spend quality time with our loved ones and make them…
Why Should You Go for Digital Gold this Dhanteras?
In India, Dhanteras is one of the most auspicious days of the year. It is believed that whatever you buy on this day will reap benefits throughout the year. And therefore, people on this day buy precious metals such as gold and silver. During this period, the rise in demand for the yellow metal leads…
This Karwa Chauth Gift Her Financial Security with Gold Savings Plan
The significance of Karwa Chauth can be understood with the fact that on this day women not only fast the entire day but also pray for the well-being of their partner. While this is their way of letting their husbands know how important they are to them, husbands must also do their bit to express…