Home Loan

How to avail tax deduction benefits by taking home loan? Tips you MUST READ

Follow the lowdown and know everything about the Home Loan Tax benefits.

SBI home loans to get cheaper as it cuts external benchmark-based rate by 25 bps

The country's largest lender State Bank of India (SBI) on Monday announced a reduction in its external benchmark-based rate by 25 basis points to 7.80 per cent from 8.05 per cent.

Home loans worth $47 million waived in Dubai's Abu Hail

The announcement was made on the occasion of the UAE's 48th National Day celebrations.

Know How to Get More Benefits from Revised Home Loan Interest Rates

As per the fresh rules mandated by the Reserve Bank of India, all financial institutions in India must now link their new home loan prices to a new external benchmark, namely the MCLR. This new regulation was implemented at the tail end of RBI’s 5th consecutive repo rate cut for FY2019. With these fundamental shifts in lending, home loan interest rate is expected to become much cheaper for borrowers in the near future.

5 must note things when applying for a home loan

A home is a place where you not only nurture your family and make memories for a lifetime, but is also an asset that adds to your net worth and offers security. Since property prices are skyrocketing, it may be difficult to acquire a home with your savings alone. To help you take a step closer to your dream home and buy or construct it conveniently, lenders offer an excellent financial solution in the form of a home loan.

DHFL crisis: Lenders hope Mutual Funds also join resolution plan soon

Lenders to the crippled mortgage lender Dewan Housing Finance (DHFL) are hopeful of passing a resolution plan successfully at the earliest even as mutual funds are not yet on the same page with the bankers' plan.

SBI home loans to get cheaper as bank reduces key lending rates

In this financial year, SBI has cut its MCLR or minimum lending rate for the sixth time. However, the rate reduction is not applicable to repo-linked loans.

Good News! HDFC Bank revises its home loan interest rate, these customers to get benefited

India's one of the largest private lenders HDFC Bank has revised its home loan interest rates, right after SBI and RBI slashed their MCLR rate and repo rate respectively. This change has come into effect from August 14, 2019.  With this reduction in interest rates, home loan EMIs at HDFC Bank has become cheaper. Among all who are willing to apply for a home loan, salaried women would enjoy most benefits.

Want to buy a home? Go for joint home loan, here are the benefits

If you are looking to buy a home and are concerned about the tax and interest rates, you should take a look at what a joint home loan offers. Taking a joint home loan eases the burden of debt and also allows you to opt for a higher amount of loan. But first, you must read on to know the benefits of taking a joint home loan and who all can opt for it.

RBI Monetary Policy Statement: How it may affect your finances

RBI Monetary Policy explained: Time for number crunching may again have arrived as Reserve Bank of India prepares to announce its bi-monthly Monetary Policy Statement on Thursday (June 6). The policy affects our finances. Due to technical jargon, Monetary Policy Statement is often hard for most of us to understand. Here's an explainer.

5 must note things when applying for a home loan

A home is a place where you not only nurture your family and make memories for a lifetime, but is also an asset that adds to your net worth and offers security. Since property prices are skyrocketing, it may be difficult to acquire a home with your savings alone. To help you take a step closer to your dream home and buy or construct it conveniently, lenders offer an excellent financial solution in the form of a home loan.

Home, auto loans set to get costly as SBI hikes benchmark lending rate by 0.2 per cent

State Bank of India (SBI) has increased the lending rate by 20 basis points across all tenors up to three years.

Want a home loan? Here's how a good CIBIL can be helpful

Before you go about the process of availing a home loan, it is important that you check your CIBIL report and understand it. Your report is based on your credit history over the last 36 months.

How to reduce impact of higher interest rate on home loan

Availing the right home loan is not as easy as it appears. It seems to every individual that banks and financial institutions are eager to lend you money to buy a house property of your own, but getting a home loan sanctioned can be a tedious task.

EMIs on home, car loans to go higher as SBI, ICICI, PNB hike MCLR

The Reserve Bank of India (RBI) had introduced the MCLR system with effect from April 1, 2016 on account of limitations in the base rate regime.

Should you invest money or put it toward your home loan

When you give a thought about your financial health, it may make more sense to consider both the options of accelerating mortgage payments and making investments with the remainder.

8 Things You Should Consider When Taking Personal Loan

Personal loan is the best for tackling emergency situations in the easiest way

Getting Out of Home Loan EMI Woes

SBI’s home, vehicle loans get cheaper as lender announces 5bps cut in interest rates

Home loans will be available at a rate of 8.30 per cent while automobile loans can be availed at a starting interest rate of 8.70 per cent, SBI said.

Loan pricing: RBI moots market-based benchmark; may end banks’ discretion in fixing rates

The move is aimed at bringing transparency in loan pricing and ensure that the benefits of change in policy rates are passed on to borrowers.