The ratio in home loan as well as the ownership ratio gets fixed at the time of payment for the property and cannot be changed later. Purchase of two flats have to be mapped individually against one flat for claiming capital...
Borrowers should prepay their loans using their annual bonuses or savings. They can also transfer the loan to another bank or NBFC offering lower rates.
The new home loan rate beginning at 8.5% is available for borrowers applying for fresh home loans, balance transfers as well as for home improvement loans, it said, adding, the rate is linked to a borrower's credit score
Transferring home loans from one bank to another might help you lower the interest rates on a mortgage. However, borrowers should consider a few things before opting for a transfer
To rein in inflation and curb demand, the central bank has raised repo rate by 250 basis points since May 2022, and it could rise further. The news is not pleasing for retail loan customers. A rise in interest by 25 basis...
As home loan interest rates have risen in the recent past, we find out whether it makes sense to refinance your home loan
Are you planning to invest in a senior home? It is important to take into account all factors involved while investing in a senior home
Home loans depend on the eligibility of the borrower and the residual life of the property as determined by the bank. Rent received from house property is treated as income. Expenses on registration and stamp duty on home is...
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....
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...
Continuous increase in interest rates will dampen the sentiment of borrowing for individuals and businesses alike
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.
Personal loan insurance is designed to safeguard the dependents of the policyholder from facing the brunt of liabilities in the event of an unforeseen calamity...
Income tax slabs need to catch up with inflation. Here's what they should be today. Read on to find more.
You can close your home loan account in a systematic way without complications. Read on to find more.
MCLR on one-year tenure is hiked to 8.4 per cent from the previous 8.30 per cent, even as the rates on other tenures have been kept unchanged
National Real Estate Development Council has suggested increasing the limit of interest deduction on home loan to Rs 5 lakh, while also calling for removing...
Knight Frank has said that tax deduction on principal repayment of housing loans will lead to improvement in home buyer's affordability
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
There is good sustenance in the home-buying activity in the real estate sector at present, according to MD of LICHF
It’s best to complete five financial years from end of the year in which the possession was taken, to avoid the consequences of reversal of tax benefits...
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...
Rising interest rate, looming impact of US recession, fear of layoffs could lead to restricted supply in real estate in 2023
Banks cannot impose foreclosure charges when you prepay your home loan. Read on to know the charges levied in such a situation.
Low home loan rates and steadily increasing homeownership sentiment helped maintain gains and momentum in residential real estate
