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Home Loan Interest Rates

Tenure In A Home Loan Balance Transfer

Tenure In A Home Loan Balance Transfer: 3 Key Points To Know About Its Impact

A key factor to consider before transferring your loan is its residual tenure. The profitability of transferring your loan depends entirely on it. A transfer toward the end of the loan tenure means that the home loan balance...

21 August 2023

SBI Home loans

Home Loan Interest Rates Likely To Go Up, Does Prepayment Make Sense?

As banks are likely to pass on the impact of a rate hike to customers, the equated monthly instalments (EMIs) on your home loan will also see an increase. In such a scenario, does it make sense to prepay your home loan? Read...

09 February 2023

Does It Make Sense To Stay In The Old Regime If You Have A Home Loan?

It does make sense to stay in the old regime if you have a home loan and draw less salary. Read on to find more.

06 February 2023

Should You Refinance Your Home Loan After Rise In Interest Rates?

As home loan interest rates have risen in the recent past, we find out whether it makes sense to refinance your home loan

28 February 2023

Repo Rate Hiked By 25 BPS: How Much Will Your Home Loan EMIs Increase?

As the repo rate increased again by 0.25 per cent, what can borrowers do to ease the brunt of higher equated monthly instalments? Read on to find more

08 February 2023

SBI Home loans

7 Steps To Close Your Home Loan Smoothly

You can close your home loan account in a systematic way without complications. Read on to find more.

17 January 2023

Retirement fund body lowered interest rate on EPF to lowest in over 4 decades

Floating Interest Rate Hikes: Are Fixed Rate Home Loans Better?

Many borrowers may be considering a fixed interest rate loan as the recurrent interest rate hikes in the repo rate-linked consumer loans pinch their pockets. Read on to learn more

16 February 2023

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4 Reasons Why You Should Have A Home Loan Insurance Cover

A home loan insurance provides a host of benefits that could offer timely help in the event of the borrower’s death, incapacitation, or otherwise

04 January 2023

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26 December 2022
LIC Housing Finance Hikes Lending Rate By 0.35%, Home Loans To Cost 8.65% Now

LIC Housing Finance Hikes Lending Rate By 0.35%, Home Loans To Cost 8.65% Now

There is good sustenance in the home-buying activity in the real estate sector at present, according to MD of LICHF


23 December 2022
Want To Take A Home Loan Overdraft Facility? Here Are Its Benefits And Demerits

Want To Take A Home Loan Overdraft Facility? Here Are Its Benefits And Demerits

A home loan overdraft facility will allow you to prepay your home loan, while also providing you with enough liquidity for your other goals. But they do have...


20 December 2022
What Are The Charges Levied By Banks When Prepaying A Home Loan?

What Are The Charges Levied By Banks When Prepaying A Home Loan?

Banks cannot impose foreclosure charges when you prepay your home loan. Read on to know the charges levied in such a situation.


15 December 2022
Top Trends That Shaped India’s Housing Market In 2022

Top Trends That Shaped India’s Housing Market In 2022

Low home loan rates and steadily increasing homeownership sentiment helped maintain gains and momentum in residential real estate


07 December 2022
Home Loan Rate To Be Costlier; Realtors See Moderate Impact On Housing Demand

Home Loan Rate To Be Costlier; Realtors See Moderate Impact On Housing Demand

With borrowing costs for developers set to rise, many builders said that housing prices might also increase


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16 November 2022
5 Mistakes To Avoid When Applying For A Home Loan

5 Mistakes To Avoid When Applying For A Home Loan

Taking a home loan is an emotional decision. Hence, you must weigh all pros and cons before applying for a home loan. You must only go for the product that...


10 November 2022
Bank of Baroda Raises Interest Rate On Loans Across Tenors; Check Latest Rates Here

Bank of Baroda Raises Interest Rate On Loans Across Tenors; Check Latest Rates Here

Rate hike by Bank of Baroda comes a day after its counterpart Bank of Maharashtra increased MCLR rate by 10 basis points


24 October 2022
Diwali Update: From Loans, Cybersecurity, Crypto Gifts To Tax—Check Latest Developments

Diwali Update: From Loans, Cybersecurity, Crypto Gifts To Tax—Check Latest Developments

Here is a round-up of various developments leading up to Diwali, from festive shopping offers, loans, cybersecurity, crypto gifts, and debt to gift taxation,...


14 October 2022
5 Strategies To Cope With High Home Loan EMIs

5 Strategies To Cope With High Home Loan EMIs

As banks continue to increase home loan rates and EMIs increase, here are some strategies for homebuyers to cope up


11 October 2022
Home Loan Repayment: What Longer Tenure Could Mean For Mortgage Borrowers?

Home Loan Repayment: What Longer Tenure Could Mean For Mortgage Borrowers?

If the total loan repayment period reaches the age at which the borrower is expected to retire, in that case, even the banks will not be in a position to...


06 October 2022
You Can Now Take A Home Loan Online, But 10% Work Still Has To Be Done Offline

You Can Now Take A Home Loan Online, But 10% Work Still Has To Be Done Offline

Compared to a decade ago, you can now complete up to 90 per cent of the home loan process completely online, thus making the entire process that much faster....


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01 October 2022
Co-borrowers Of Home Loan Can Claim Tax Benefits Based On Respective Share In Home Loan

Co-borrowers Of Home Loan Can Claim Tax Benefits Based On Respective Share In Home Loan

Even if the bank issues a single certificate for a joint home loan, co-borrowers can claim the tax benefits in the ratio of their share.


30 September 2022
Loan EMIs Set To Go Up After RBI Hikes Interest Rates By 50 Basis Points

Loan EMIs Set To Go Up After RBI Hikes Interest Rates By 50 Basis Points

The rate hike will immediately affect those who have taken loans on a floating rate basis and are tied to an external benchmark, those pegged to other...


24 September 2022
Deduction Of Interest On Home Loan Is Applicable In Full If House Is ‘Let Out’

Deduction Of Interest On Home Loan Is Applicable In Full If House Is ‘Let Out’

You can claim deduction on interest on home loan in full if the house is let out, irrespective of the fact whether this is your sole house or additional...


22 August 2022
LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.50%

LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.50%

The revisions come amid a rising interest rates scenario, which has seen the RBI hiking its key lending rate by 1.40 per cent since May to tame inflation


01 August 2022
HDFC, ICICI Bank, Indiabulls Housing, Bank of India Raise Loan Interest Rates. Check Latest Rates Here

HDFC, ICICI Bank, Indiabulls Housing, Bank of India Raise Loan Interest Rates. Check Latest Rates Here

On Saturday, the country's largest mortgage lender - HDFC - increased its benchmark lending rate by 25 basis points, a move that will make loans dearer for...


07 July 2022
Biggest Myths About Home Loans

Biggest Myths About Home Loans

A Home Loan is a sum of money borrowed from a lender to purchase a property (which can be either a residential flat or a piece of land) which is kept as...


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