Apparently, in today’s competitive world, borrowers are the ones who are facing the double whammy of inflation, be it soaring day-to-day expenditures or the rising interest rates of loans. Certainly, the former is beyond control but the latter can be managed through an effective measure. So, as a borrower, do you think that your home…
There are a lot of challenges involved when you are looking to buy your dream home. And apparently, the first and the most complicated step is choosing the right home loan scheme and provider. Although there are various banks and financial institutions ready to accept your loan application and grant you the loan, ideally, you…
For a majority of us, buying a house is a once in a lifetime exercise that we have to get right the first time around. The main reason for this is of course the fact that property investments are substantial and made with a long term perspective in mind.
In today’s monetary policy review, the Reserve Bank of India (RBI) has maintained status quo. With the central bank keeping its key policy rates unchanged, the repo rate currently stands at 5.15% and reverse repo rate at 4.90%. The Monetary Policy Committee has also decided to continue with the accommodative stand till required to revive…
Carrying on with its aim to achieve ‘Housing for All’ by 2022, Finance Minister, Nirmala Sitharaman in her Union Budget 2020 speech proposed to extend the tax deduction allowed under Section 80EEA of the Income Tax Act, 1961. Before the announcement, the deadline to avail this additional home loan tax benefit was till March 31,…
As a home loan guarantor, you need to ask yourself a few questions before you commit to undersigning the loan document.
In an effort to encourage more people to invest in properties, the government offers multiple home loan tax benefits under the provisions of the Income Tax Act, 1961. You can avail these tax deductions and significantly save on your income tax outgo. To learn about home loan tax benefits and the process to claim them, read below.
Personal Loan or a Home Loan Top-Up. Let’s dive deep into the details to find out which one would be better.
A home loan is a high-value and long-term credit. Even a slight increase in its rate of interest can notably increase the total cost of the loan. One of the best ways to save big on your home loan is to look for the lowest possible interest rate offer. It can help you save considerably…
