Loan, an easy way to borrow funds and then repay later through monthly installments, is getting popular by the day among consumers. Let’s assume you took a home loan a few years ago and you are currently servicing its EMIs periodically however you now find that your home requires further extension or improvement. To complete…
TATA Group’s real estate arm- TATA Housing- announced its partnership with Indiabulls Housing Finance to offer home loans at a rate of 3.99 percent to those who buy apartments in its ongoing projects. This scheme is available across 11 projects of TATA Housing in seven cities. This special home loan rate will be valid […]
Bank of Baroda, one of India’s leading public sector banks, has announced that it is slashing its home loan interest rates to 8.30% according to a recent Money Control report. This new announcement brings the bank’s home loan interest rate at par with its MCLR of 8.30% which was announced in October 2017. The […]
As per an article by Moneycontrol News, the State Bank of India has reduced interest rates on their home loans and auto loans by 5 basis points (bps) or 0.05 percentage points. This reduction has been implemented across all brackets (all tenures).
Whenever you borrow a home loan, lenders such as banks and Non-Banking Financial Companies (NBFCs) usually shell-out 80% of your property’s worth as a loan amount. The remaining 20% of the property value is to be paid by you. This 20% amount is called your Down Payment. For example, you are buying a property […]
Borrowing a home loan is an easy way to finance the purchase of your home. To encourage home buyers to own their dream home through home loan services, the government lets loan borrowers claim tax subsidies on both principal and interest amounts paid. You can avail this tax subsidy if you are the sole […]
As per an Economic Times article, expectations are high this festive season for the real estate market to do better sales and clear their unsold inventory. Since builders and developers across the spectrum are offering discounts and freebies, the realty sector expects that the recovery will be smooth especially in the mid-level and affordable housing […]
Are you an existing home loan borrower or are you planning to take one soon? If the answer to that question is yes, then you must know that home loan monthly instalments are a huge financial takeaway from your monthly earning. These home loan EMI deductions need to be managed appropriately so that they don’t […]
The announcement of the central government’s ‘Housing For All by 2022’ initiative came clubbed with the Pradhan Mantri Awas Yojna (PMAY) scheme focussed on the urban poor (Economically Weaker Sections (EWS), Lower Income Groups (LIG)) and later, also on the Middle Income Groups (MIG) of the society. The Pradhan Mantri Awas Yojna has four integral […]