The Reserve Bank of India (RBI)'s move to bring housing loans of up to Rs 50 lakh under priority sector lending, against loans of up to Rs 25 lakh currently, is expected to provide a boost to home loan borrowers and real estate companies.
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.
ICICI Bank, one of India's leading home loan providers, on Monday announced a reduction in interest rates on its adjustable (floating) rate home loan products.
The interest rate scheme where 8 per cent is frozen for one year may not actually be as profitable as it appears upfront.
Do you know what a step-up home loan is? Why is it good for young professionals? Home loan expert Harsh Roongta has the answers.
Tax benefits can be claimed on both the principal and interest components of the home loan as per the Income Tax Act. These deductions are available to assesses, who have taken a loan to either buy or build a house.
The lower interest rates charged by the State Bank of India (SBI) are contributing to a growth in its home loan portfolio at a time when the sky-rocketing real estate prices have slowed the credit demand. While fresh loans for buying houses are growing albeit at slow pace, buying out other banks' home loans is helping the public sector bank to strengthen its home loan book.
Gaurav Mohta, chief marketing officer, Home First Finance Company, answers your home loan queries.
Have a query regarding your home loan? Maybe we can help. Drop us a line and our expert, Harsh Roongta, will answer it.
Albacete's journeyman striker Jefte Betancor, who scored a stunning double on Wednesday to help his second-tier side knock Real Madrid out of the Copa del Rey, once considered swapping football for a career as an electrician.
While investments are typically reviewed annually, risk cover is often left unchanged for years.
Housing finance major HDFC and state-run Punjab National Bank on Tuesday announced up to 25 basis points increase in their lending interest rates, making their new and old loans expensive for consumers. The revised rates would be effective from March 1. Mortgage lender HDFC has increased its retail prime lending rate by 25 basis points to a minimum of 9.20 per cent.
India's top home loan lender HDFC on Tuesday hiked lending rates by 0.50 per cent in the wake of Reserve Bank hiking key short term interest rates.
Analyse your financial situation before deciding on amount; compare tenure, interest rate and penalty before finalising the lender.
When does it make sense and when does it not?
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After RBI's missive on proxy lending to builders, it's time to reshuffle.
You can increase or reduce the sum assured of a term cover, depending on changes in your overall liability, advises Bindisha Sarang.
By evaluating their loan rate against the best available every year, borrowers can achieve considerable savings over the entire tenor, suggests Sanjay Kumar Singh.
Home loan interest rates are getting costly again. How do you cope with rising prices?
This is probably the best time for consumers to take a home loan. Interest rates have hit rock bottom and fierce competition among housing finance companies has ensured that consumers are being offered loans at very attractive rates.
If you are looking to stay in the property, unnecessary delays will only increase the cost.
P V Subramanyam takes a hard look at the pros and cons of both options.
Contrary to the current trend of declining home loan rates, Union Bank of India has hiked interest rates for fresh home loans by 0.50 per cent across all maturities of fixed and floating rate options, effective January 1, 2004.
Here are some of the common mistakes that most home buyers make when it comes to home loans and how to avoid them.
The eligibility is calculated on the basis of repayment capacity of the applicant on a monthly basis.
Finance Minister Nirmala Sitharaman's biggest challenge will be to find a new growth driver, particularly against the backdrop of a global economy ravaged by heightened uncertainty and fragmentation, financial markets on a precipice, and global commodity prices on a continued uptrend.
It makes sense to shift to a home loan provider offering a lower interest rate or make occasional prepayments by using bonuses or other windfalls, says Sanjay Kumar Singh.
'We have given riot-free Maharashtra in our 18-month rule.'
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