Home Loan

Missed a loan payment? Here’s what you should do next

Loan EMI: A missed EMI is often a red flag that your budget is stretched thin. Use the 50-30-20 rule to manage your money: 50 per cent for essentials, 30 per cent for wants, and 20 per cent for debt and savings.

The EMI secret banks will not tell you: Here's how to cut your EMI after RBI slashes rates

With awareness and the right digital tools, you can reduce your EMI burden, avoid overpaying, and ensure that you do not miss out when rates fall.

How changing loan tenure affects your EMI: A detailed analysis

Many borrowers face the dilemma of whether to extend their tenure to reduce monthly payments or shorten it to become debt-free sooner. Adjusting your loan tenure can have long-term financial implications, making it essential to understand its impact for making an informed decision.

Why CIBIL Score Matters When Applying for a Home Loan

Understanding the importance of a CIBIL score can help you improve the chances of loan approval and secure favourable loan conditions.

SBI cuts home loan rate: Here's how much you will save on EMIs of Rs 50 lakh loan

SBI Revised Home Loan Interest Rates EMI Calculations: The PSU bank has announced a reduction in its External Benchmark-based Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR) applicable to various loans.

Good news for homebuyers: Loans to get cheaper as RBI cuts repo rate - Here's how much you will save

Existing buyers should check with their banks whether they have passed on the rate cut benefits or not.

New Year 2025: Things to consider before buying a property for a successful purchase | Check here

Purchasing a flat is a significant milestone, whether it's your first home or a subsequent investment. Here’s an expanded guide on the essential things to keep in mind before buying a flat in India.

Rajasthan: Upset with seizure of house by finance company, woman kills self in Bundi

The victim's father alleged harassment by the finance company and based on his complaint a case has been registered. However, the lender company claimed that it followed legal procedures for the seizure and had informed the family in advance.

What is top-up home loan? All you need to know about smart alternative for extra funds

A top-up home loan is ideal for those who need extra funds beyond their existing home loan, as it is more cost-effective and convenient. Here's why it is a smart choice for borrowers.

HDFC Bank hikes loan interest rates on select short-term tenures, check details inside

After the loan rate hike, the overnight MCLR has gone up to 9.15% from 9.10%, while the one-month MCLR has moved up to 9.20% from 9.15%. Moreover, the three-year MCLR, on the other hand, has increased to 9.50% from 9.45%.

Enhance your home buying journey with a home loan EMI calculator

Make smarter choices by simplifying the home loan process with quick EMI calculations.

Festive offers on home loans: Several banks announce to waive processing fees ahead of Diwali

Home loans are financial products that allow individuals to borrow money from banks or financial institutions to purchase, construct, or renovate a residential property.

Home loan application rejected? Know top five possible reasons for it

Lenders evaluate multiple factors when reviewing home loan applications. If an applicant fails to meet any of the required eligibility criteria, the application may be rejected.

Attention bank customers: Loan EMIs to go up as Bank of Baroda hikes lending rates by 5 bps

The Bank of Baroda said it has hiked its 3-month MCLR from 8.45 per cent to 8.50 per cent, its 6-month MCLR from 8.70 per cent to 8.75 per cent, and the benchmark 1-year MCLR from 8.90 per cent to 8.95 per cent. It is a 5 bps hike on each tenure.

Home loan outstanding grew by 3.4 lakh crore in last one year: RBI

Apart from home loans, credit cards, non-food bank credit, industries and agricultural activity loans saw a year-on-year growth in May 2024. However, the personal loan segment growth has moderated.

How to Calculate Home Loan Interest Rate and How Does it Work?

Mumbai becomes most expensive Indian city to live in, know about most affordable cities | DETAILS

In response to rising inflation, the central bank has increased its repo rate by 250 basis points since January 2022, impacting affordability and increasing EMI burdens by 14.4% since then.

5 scenarios in which quick Personal Loans can be useful

Even if you don’t have a pre-approved offer, you can still get approval within minutes. Best of all, you can use it without any restrictions as well. T

SBI offering loans at lower interest rate: Here's how your good CIBIL score can help avail it

All banks give loans only after seeing the CIBIL score. A good CIBIL score certainly helps in availing the required bank loan, on the other hand, banks are hesitant in entertaining loan request of individuals having a poor CIBIL.

Amid rising rates here is how your credit score can help you get cheaper home loans

The credit score plays a critical role in getting home loans amid rising rates. So, before applying for a home loan, it is important to assess your borrowing capacity and ability to repay.