In the following infographic, we have provided a step-by-step guide regarding the various steps that follow after you have submitted your home loan application with the financial institution.
As part of the drive towards making affordable housing a reality, the current government has made a lot of headway under the Pradhan Mantri Awas Yojana. Key features of the program include the government subsidy on home loan interest rates and a range of subsidies to promoters of affordable housing projects. Among these, the home […]
RERA Act – Resolving India’s Housing Crisis. RERA stands for Real Estate Regulatory Authority and was introduced in 2016. Check RERA act’s registration process, documents, features and benefits.
One of the key features of note in the 2017-2018 Union Budget was the push to make the goal of affordable housing for every Indian more realistic. In the previous budgets, there were already a few initiatives that were launched by the current government to ensure the availability of affordable housing. In the following sections, […]
The huge surge in bank deposits due to demonetisation has led to banks reducing lending rates to the lowest in the last 6 to 8 years. Leading the pack, is SBI which has reduced its home loan rates by 50 basis points (bps) to as low as 8.5 per cent (fixed). Even, HDFC, the largest […]
Some of the key charges that you need to keep in mind before opting for a home loan to buy your dream house.
Prospective home loan borrowers now have even more to cheer about as 2017 starts off with leading banks slashing their interest rates ( read here ). In the first phase of these rate cuts, public sector lenders including SBI, UBI and PNB have already announced lower interest rates starting at 8.5% on new home loans […]
Bank of Baroda has reduced its home loan rates by 70 basis points; it now stands at 8.35%. Bank of Maharashtra, Allahabad bank and small sector player Sundaram BNB Paribas home finance have also announced rate cuts for housing and other loans. Until now, State Bank of India’s home loan interest rate — 8.50% […]
Get ready to see a major overhaul in the sale and purchase of property. The recent changes in real estate-related rules and regulations to be implemented by the government are all set to change the way promoters sell new properties. Earlier, property sales could be started even before the actual construction began. However, now, as […]
With the real estate sector continuing on the downward slope, the government is planning to give some more tax breathers to the common man to boost demand in the sector. The Government may hike the deduction limit on the interest paid towards home loans by Rs.50,000 in the Budget 2017. In short, we can hope […]