The newest member of the home loan segment, Muthoot Homefin, a Muthoot group company, on 29th April cut its home loan rate by 0.3 per cent to 9.90 per cent. This home loan rate cut is in line with the market competition, because many leading players in the home loan segment such as SBI, ICICI and […]
With banks slashing home loan rates at the drop of a hat currently, home loan balance transfer or loan refinancing is emerging to be a popular trend. And, why not! It is a win-win for both existing home loan customers and banks — you get to refinance your existing loan at a lower rate and […]
Muthoot Homefin: Muthoot Finance Enters Home Loan Segment. Initially, Muthoot Homefin will limit its operations to Kerala and gradually extend its services to residents of Tamil Nadu, Karnataka and Andhra Pradesh
In a move that will bring cheer on the faces of borrowers, India’s biggest public sector bank SBI, along with private banking giants – HDFC and ICICI cut their base lending rate by 0.15-0.25 percentage points.
Taking a home loan and paying it off is the biggest financial achievement we make in our lifetime. The huge debt burden and the long duration are the two daunting aspects of home loans. However, with some intelligent planning you can pay off your loan and become debt-free much sooner than you had imagined. There […]
India’s largest lender State Bank of India (SBI) increased its home loan disbursement by 50% in the Bengal circle to touch a new high of Rs. 2100 crore in the fiscal year 2014-15. The announcement was made by SBI Bengal circles Chief General Manager Prashant Kumar at a housing expo organized by realtor’s apex body […]
How to choose between LAP and PL? We all find ourselves cash-strapped at one point or another in our lives. We may need money for setting up or expanding our business, paying children’s higher education fees, or meeting wedding expenses, among others.
With an intention to strengthen its image as a people’s company, Tata Group has unveiled a new series of structured loans: Flexi EMI Loans. The Group has introduced these structured loans under its financial services arm, Tata Capital.
In this week’s entry, I will attempt to present a new perspective to the whole rent vs. buy a house debate. Let’s put the spotlight on some of the basic math you need to keep in mind when making this decision. Renting Buying What you will pay for […]
Buying a home is dream come true for all of us. The first home that we buy gives us an immense sense of achievement and independence. However, the decision to purchase a house is filled with apprehensions about repayments, tenure and how to go about looking for the most economical loan option available.