In a bid to encourage good credit behaviour, Axis Bank has announced its new home loan product- Shubh Arambh Loans under this scheme will be eligible for a waiver of 12 EMIs provided that the borrower maintains disciplined repayment behaviour. The waivers are offered on loans up to Rs 30 lakh taken for tenure of 20 year.
In a move to support RERA, banks have decided not to extend home loans to projects that are not registered under the Real Estate (Regulation and Development) Act. These are the times when fraudulent builders and fly-by-night real estate promoters are trying to find loopholes in the regulation. Hence, banks are taking extra care to […]
Overcrowded streets, never-ending traffic jams and the chaotic lifestyle of metro cities make people long for peace and solitude. Not only the uber-rich, but those with modest means are also looking to buy a second home away from the city. Places like Lonavla, Goa, Mussoorie, Kasauli and Nainital are rising as weekend home hotspots offering […]
State Bank of India has launched its online platform for homebuyers- SBI Realty. It is an innovative website that helps customers find their dream home in reliable projects across 30 cities including metros and Tier-II towns. Currently, the website showcases 9.5 Lakh residential units in 3000 SBI-approved projects. Customers can find the right home by […]
With the revolutionary ‘Goods & Services Tax’ or GST effective from July 1, 2017, most industries are waiting to see the impact it brings. One such industry is the real estate industry. While GST is expected to bring in more transparency in real estate, there is speculation whether it will ultimately lead to decrease in […]
A house adds directly to your assets and at the same time gives you a feeling of contentment. Taking home loan to buy a house for residential purpose is always a wise choice as it ends the dreadful cycle of heavy rent payment when giving you a place you can call your own. Yet it […]
Home loan is a major financial commitment for homebuyers but, at the same time, it also entails huge risks for the bank. This is the reason why banks are very apprehensive about extending home loan to people who are close to retirement, regardless of their financial standing. People who are on the last leg of […]
A majority of homebuyers opt for home loans to fulfil their dream of owning a house. However, what if the buyer has enough funds to pay for the house in full? Should he still take a home loan? It is quite a debated topic among property experts. When you have extra funds to spare, why […]
SBI, on Monday, announced a rate cut of up to 25 basis points on its home loan making home-buying easier for new customers. Loans up to Rs 30 Lakhs will now cost 8.40%; the interest rate is 8.55% for loans over Rs 30 Lakhs. Moreover, women enjoy lower rates than others; loans up to Rs […]
Buying your own house vs. continue renting is a dilemma most young adults grapple with. While buying your own home is a massive financial commitment, that’s spread over a significant period of time, it helps you acquire a big asset and secures your future to a large extent. Currently, with home loan interest rates plummeting, […]