A reduction in the repo rate is a good news for home loan borrowers because of the fact that the rate cut has a direct impact on the home loan interest rate and home loan EMI (Equated Monthly Instalment). The existing and the potential home loan borrowers got this good news on June 6, 2019,…
Home loans may become cheaper as RBI slashes repo rate by 25 bps. The repo rate has reduced from 6.00% to 5.75%.
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…
Yes, 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.
28 March 2019 – On Thursday, ICICI Bank launched two instant home loan products – Instant Home Loan and Insta Top Up Loan.
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…
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…
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,…
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…
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…