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,…
Union Budget 2019: 1.95 crore houses will be built under Pradhan Mantri Awas Yojana (PMAY) from the financial year 2020 to 2022.
Union Budget 2019: Home loan tax benefit has increased from Rs. 2 lakh to Rs. 3.5 lakh. Homebuyers can avail the benefit till March 2020.
The State Bank of India (SBI) announced to link its home loan products to repo rate. From July 1, customers will have the option to avail repo rate-linked home loans. The bank will continue to offer MCLR-linked home loans along with the repo rate-linked home loan products. The new product will be slightly different from…
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.
As the general elections are going to be held in April and May 2019, the Government has started initiating on providing affordable housing to the MIG (Medium Income Group) segment of the society. Recently, Government also announced to cut down the GST rates in the real estate sector to boost the housing demand. This GST…
SBI Slashes Home Loan Rates by 5 Basis Points and SBI Reduced Home Loan Balance Transfer Processing Fee to Zero.