'Do exhaustive research and then select the one that best fits your budget and requirements.'
'If the borrower can't repay the loan due to lack of income or losses from speculative activities, they risk defaulting on it.' 'This could lead to the bank seizing the property.'
Amid concerns expressed by the Reserve Bank of India, the country's largest lender State Bank of India on Wednesday announced withdrawal of special home loan schemes, or teaser rates, with effect from May 1.
Rate cut, increase in limit, withdrawal of processing charges are some of the pluses.
Here's how to go about applying for a home loan.
Applying for a home loan may seem like an Herculean task, but it need not be so. We list six easy steps on how to go about applying for a home loan.
If you opt for a term-life cover, buy separate policies to cover the loan for all the co-borrowers in a home loan for a sum assured equal to the home loan amount.
A few steps that will help ease your home loan transfer to another lender.
Bank will charge floating rates of interest from January.
Sanjay Mishra and Neena Gupta bring their A-game to roles that naturally suit their age, and this lived-in quality makes Vadh 2 even more convincing, notes Mayur Sanap.
The GenZ violence that engulfed Nepal is not only against nepo-babies -- its anger is broader and riddled with contradictions, making it difficult for interim PM Sushila Karki, points out Aditi Phadnis.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
S Padma, a street cleaner in Chennai, found a box full of gold worth more than Rs 45 lakh and returned it. 'I have been sweeping the streets of Chennai for 21 years. Nobody in the street knew me. I was just a faceless, nameless sanitation worker in an orange and blue uniform.'
Why various loans are disbursed differently...
You need not worry about the long tenure as you can prepay the amount that is around 3-4 times your EMI periodically like once a quarter or when your year end bonus comes through.
When and how you can access EPF money before retirement without jeopardising your long-term retirement savings.
To cater to home loan borrowers, housing finance companies and banks offer a variety of repayment options to suit an individual's need.
You can increase or reduce the sum assured of a term cover, depending on changes in your overall liability, advises Bindisha Sarang.
Understanding the calculations involved while computing the home loan eligibility has seldom been easy for individuals
Make your 'dream-home' dream come true
Do you aspire to purchase a house? Are you depending upon a bank or housing finance company to fund your needs? Is the same rate of interest charged by two different lenders confusing you? You are at the right place.
Here are the many pros and some cons of going for such an arrangement
Here are some pointers that should serve as red flags for you
Start now, and sail through your tenure like a pro!
Gandhiji inspired the nation to believe in their dream. He continues to be an inspiration to each one of us by making us believe in our dreams. Make that home loan work for you and don't give up till you sign on the dotted line for owning your dream home.
Until your home loan is sanctioned, some silly mistakes on your part before making the first move can derail the most important goal of your life.
A critical factor that can ensure easier and hassle-free access to home loans is keeping a watchful eye on your Credit Information Bureau India Ltd (CIBIL) Report and CIBIL TransUnion Score.
If you are planning to buy a home loan there is some homework you need to do before going in for the deal.
The reduction in goods & services tax (GST) on individual life and health insurance premiums has been called a "landmark step" for making insurance affordable and inclusive. In a panel discussion at the Business Standard BFSI Insight Summit 2025, Anup Bagchi, managing director (MD) & chief executive officer (CEO) of ICICI Prudential Life Insurance; Mahesh Balasubramanian, MD & CEO of Kotak Life Insurance; Tarun Chugh, MD & CEO of Bajaj Life Insurance; and Ratnakar Patnaik, MD of Life Insurance Corporation of India (LIC), listed what else the industry needs to reach more people.
A mortgage is a great responsibility that you must bear on able shoulders for a long period of time. If you already have a mortgage or are planning to avail of one soon, you are obviously confident of your finances, but a few tips to save money on your home loan couldn't hurt, right? Read on to find out more!
Existing and new customers will find it easier to manage or raise loans as banks start cutting rates.
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
Barcelona staged a thrilling second-half comeback to defeat Levante 3-2 away in LaLiga on Saturday, overcoming a two-goal deficit after a poor first-half display.
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