Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Faced with an increase in defaults on home loans, banks are beginning to feel the 'bite' after growing their portfolios at breakneck pace in the last three years, according to State Bank of India Chairman O P Bhatt.
Interest rates have been fluctuating for the last 6 years, so much so that the consumer is not sure of the future.
Here's a dummy's guide to the home loan fee maze
Households should moderate large discretionary expenses for the time being.
'They should prioritise essential spending. They should maintain an emergency fund covering 6 to 12 months of expenses.'
Public sector banks on Monday announced that home loans up to Rs 5 lakh (Rs 500,000) would be given at a maximum interest rate of 8.5 per cent, while those between Rs 5 lakh and Rs 20 lakh (Rs 500,000 and Rs 2 million) would be offered at 9.25 per cent.
Consider prepaying or shifting but do the homework, as it makes sense or not, depending on where you've reached on the tenure.
Deduction on home loan interest cannot be claimed when the house is under construction
Mortgage lender HDFC Ltd on Wednesday announced an increase in its benchmark lending rate by 5 basis points (bps), a move that will make loans dearer for both existing and new borrowers. This is the third hike effected by HDFC in the last one month. "HDFC increases its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from June 1, 2022," the housing finance company said in a statement.
he home loan market is brimming with diverse home loan products which cater to different needs of individual customers.
Changing your home loan provider to save on interest could actually mean you are losing money. Here's how.
Collateralisation of other loans and prior approval for additional leverage are things to watch out for
Are fixed rate home loans really fixed? There's more to it than meets the eye.
Getafe secured a surprising 1-0 victory against Real Madrid in LaLiga, courtesy of Martin Satriano's stunning volley, leaving Barcelona with a four-point lead at the top of the table.
In what could trigger another round of rate cut war, National Housing Bank on Wednesday slashed lending rates by 0.40-0.65 per cent just two weeks before the Reserve Bank of India announces its busy season credit policy.
Home loan expert Harsh Roongta tells you what you can do if your bank has increased the interest on your home loan.
Start now, and sail through your tenure like a pro!
Non-banking financial companies (NBFCs) such as Bajaj Finance, Shriram Finance, Muthoot Finance, and IIFL Finance have regained their growth momentum after losing market share to banks in the post-Covid period. The growth surge is being led by diversified lenders and gold-loan companies while development-finance institutions such as Power Finance Corporation (PFC), REC, and Housing & Urban Development Corporation (Hudco) continue to grow at a slower pace.
Home loans of up to Rs 75 lakh (Rs 7.5 million) would now be available to fresh borrowers at 10.10 per cent against the existing rate of 10.15 per cent, State Bank of India said in a statement.
Indian car buyers care more about affordability than technology, keeping ICE vehicles dominant while hybrids emerge as the preferred transition option and EVs struggle in the mass market.
'If the new rate is lower than your current rate, ask your bank to shift you to it.' 'This can be done by paying a fee of Rs 5,000 to Rs 6,000.'
Here, we have evaluated how home loan seekers can enhance their eligibility by selecting a higher tenure.
Will offer lower rates on home loans till end of 2012.
Home loan rates are on an upswing once again. Will it help to switch from a floating to fixed home loan rate?
For homebuyers, the OC is not just an administrative formality but the very basis of lawful possession. Without it, the property is deemed unauthorised, exposing buyers to risks such as eviction, denial of utilities, or even demolition.
Home loan rates are increasing and more is in the offing. Can you prepay your home loan and save money on ineterst paid? Transcripts of the chat with home loan expert Harsh Roongta.
Co-signing a loan is a huge responsibility and can impact you greatly. Here's what you need to know before your generous streak gets the better of you!
Before booking a flat, buyers should confirm that the project is registered with the state's Rera portal.
Leading bankers expect the number of transactions to fall 30 to 35 per cent as buyers wait for a price correction in real estate.
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