Harsh Roongta, CEO, Apnapaisa.com, throws light on the frustrations faced by India's young working population when they try to avail of home loans to buy a house in their city of birth even as they work out of another city.
Here are the many pros and some cons of going for such an arrangement
A man was shot dead and two others were injured in a firing incident in Patna following a monetary dispute.
Banks are receiving requests for cancellation of approved car loans, in view of the implementation of GST rate cut, which will lower the price of passenger vehicles and also lead to subsequent reduction in the amount needed to purchase them. It is to be noted that the 56th GST Council meeting earlier this month, approved substantial reduction in the GST rate for cars for up to 1,200 cc to 18 per cent from the existing 28 per cent.
Has your home loan lender increased your loan period without informing you? Has the lender done this against the agreement you signed with the bank? What should you do then? Read this.
Look at effective interest rate on home loan offers. Availing of ICICI Bank's cashback offer will mean you lose the flexibility to switch or prepay the loan, reports Sanjay Kumar Singh
ICICI Bank has announced an increase of 1 per cent in its benchmark advance rate (I-BAR) and its floating reference rate for consumer loans, including home loans, with effective from February 9.
Banks are likely to take a final view on raising interest rates on loans as well as deposits by the end of this week or early next week.
Is there a correction in home loan interest rates, or is it just an off-season blip?
State Bank of India (Maharashtra and Goa), Bank of Baroda, IDBI and Allahabad Bank have cut rates in the range of 25-50 basis points. Lenders would like to see the RBI come up with some measures so that sentiments improve further.
You will be much better off buying the required plans directly from life and general insurers, experts tell Chirag Madia
We evaluate some significant factors that you must consider while switching your existing home loan to another lender
Taking a home loan? Here's a list of terms you must know so that you are not confused by the jargon.
Simple to follow, these tips can go a long way in increasing how much home loan you can get.
'We tightened our risk frameworks once the Covid crisis started.' 'We are slowly lightening this as we see economic activity pick up, salaries getting restored, and people getting back into jobs.'
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.
IDBI Homefinance will raise the floating rates on its home loans by 25 basis points with effect from Thursday.
Besides a good CIBIL score, lenders also look at the applicant's ability to pay off the additional debt burden. This is where Yash had a problem.
Here are some pointers that should serve as red flags for you
Rising property prices and the inflation hardly leaves sufficient amount after the payment of the EMIs.
The country's largest private bank, ICICI Bank, on Friday said it is focussing on the home loan segment as the real estate segment is witnessing a comeback after the economic slowdown.
Citibank India will increase the interest rate on certain loan products, including home loans, due to rise in cost of funds and new risk weight norms.
With banks taking the cue from RBI to hike rates, home buyers will have to take serious measures to keep their finances under control.
When interest rates rise, so does the EMI of your home loan. There are two ways in which you can deploy surplus funds to reduce the EMI. For maximum benefit, you can combine the two options.
Top-up loan, is a facility by which an individual who has an existing home loan gets a chance to borrow additional money from the housing loan company at an interest rate that matches the home loan.
Get Ahead home loan expert Harsh Roongta on tax benefits fo availing a home loan.
Always be clear about the clauses and conditions laid down by your bank or housing finance company. If at all you skip this task then you may face a major problem during the entire tenure of your loan or may be even beyond that.
Canara Bank on Thursday indicated a 0.25 per cent cut in home loans taken from the bank for a period upto 10 years, showing that the home loan rates might not have bottomed out yet.
Following are certain important things that lenders consider while processing loans to self-employed...
State Bank of India on Thursday said that equated monthly instalments on its home loans will be tweaked shortly as interest rates have gone up by two per cent in the last one year.
For the last two years, the home loan borrower has been facing the brunt of high interest rates
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
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