To own a house is a dream that can be fulfilled through different ways. One of them can be by availing a home loan, which is a long-term commitment with repayment period extending up to 25 to 30 years. Considering the uncertainty of life, it is quite natural to get anxious about home loan liability…
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,…
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.
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…
The tax benefits on Top-up loan include a deduction of up to Rs. 1.5 lakhs on the principal repayment under section 80C. However, if the property is sold within 5 years, the tax benefit will be overturned. The second benefit is a deduction up to Rs 2 lakhs on the interest paid under section 24 of the Income Tax Act in a financial year
What is Khata? What is A Khata? What is B Khata?, Difference between A Khata & B Khata. Features and benefits of Khata, How to apply for a Khata?
When in financial need people look for loans, but because of lack of knowledge they don’t know which loan type they should go for? Which one is best for them? Home loan Top up or personal loan? Financial emergency or monetary urgency are some of the unavoidable situations that generally trap most of us because…
Looking for home loan with low credit score? Here is what you need to know for availing home loan with low credit score.
Home Loan vs Loan against Property – what is the difference between mortgage loan & home loan? How Loan against property or mortgage loan differ from home loan?
Top 10 Banks offering best Home Loan Transfer Rates – Best Home Loan Transfer Offers in India, Compare home loan transfer rates of all banks.
