Before booking a flat, buyers should confirm that the project is registered with the state's Rera portal.
Rate cut, increase in limit, withdrawal of processing charges are some of the pluses.
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.
A teaser loan is one where the lender offers a slightly lower rate in the initial years and then charges higher rates in later years.
Defaults due to rising rates resulted in the move.
Private sector lenders ICICI Bank and Kotak Mahindra on Tuesday announced low rates of 8.25 per cent and 8.49 per cent respectively for home loans, intensifying the cut-throat competition sparked by SBI and HDFC.
A loan agreement is a 'contract' entered into between the borrower and the lender (banks and financial institutions) that regulates the terms of a loan. The loan agreement comes into picture immediately after the bank appraises your credit and the property that you have identified.
These decisions by NHB will come into effect immediately and will cover all housing finance companies including LIC housing finance.
Ahead of acting finance minister Pranab Mukherjee's meeting with public sector bank chiefs on Monday, the government has asked state-owned lenders to submit data on home loans sanctioned by them since December 15.
Get Ahead reader Sunil Agarwal tells you how a a low EMI can reduce your stress levels.
It makes sense to prepay your home loan if you have surplus funds, says home loan expert Harsh Roongta.
The implementation of MCLR from April 1 has already led to a rate cut of 10 basis points on home loans by the country's largest bank, State Bank of India, and others.
What should you do if you have too many loans on you and you are unable to service them? Financial planning expert Vetapalem Sridhar has the answers.
Regular money talks, setting up joint goals, and regular reviews can help couples stay aligned.
If one has to draw a parallel to a home loan, marriage comes pretty close. There is a high involvement of finances, emotions and a long time commitment. But don't let this analogy send your thought trail in a frenzy! Just like marriage, this can turn out to be the best decision of your life.
The Indian home loan market, bedazzled by the low rate home loans, forgot to ask one basic question: what is my floating rate loan benchmarked to?
Regular money talks, setting up joint goals, and regular reviews can help couples stay aligned.
The interest rate difference should be at least 25 bps. If the existing lender gives the same rate for a fee, it may be more convenient.
How well do you know your home loan. Take this quiz and find out.
Bank will charge floating rates of interest from January.
High deposit rates may put pressure on teaser home loan rates
Housing sales fell 1 per cent last year to over 3.48 lakh units across eight major cities, with demand stagnating amid an average price rise of up to 19 per cent, according to Knight Frank. In a virtual press conference on Wednesday, real estate consultant Knight Frank India noted that the decline in interest rates on home loans, strong economic growth and lower inflation were some of the key factors that helped in sustaining the housing demand during the 2025 calendar year despite fears of an impending correction.
The teaser home loan rate, the interest rate which is set artificially low for the initial period, could give a 'payment shock' to borrowers as the equated monthly installment (EMI) shot up on lenders charging regular interest rates, according to Fitch officials.
Canara Bank has reduced the floating and fixed home loan interest rates, as also rates of auto loans and other personal loan products, with effect from Wednesday.
How do you claim tax benefits on your home loan amount? What if you have clubbed your income with that of your father to increase the loan eligibility? Get Ahead tax expert Mahesh Padmanabhan answered these and other tax related issues in a chat on April 9.
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.
In the long run, the amended Securities Bill may partly determine the interest rates that you pay on your home loans. However, some technical issues still need to be resolved
Before opting for a joint home loan with your parents or spouse you must first understand the implications of this loan.
For those who find the online facility difficult, there is an electronic tutorial, and staff to assist you.
Applying for a home loan may seem scary if you go into the process unprepared, but if you have braced yourself well in advance and follow these steps you will find that getting your home loan application approved is a breeze.
As yields on 10-year government bonds rose from 6.65% in April 2017 to around 7.50% now, liquidity pressures have increased the cost of funds for housing finance companies.
Currently, ICICI Bank and HDFC do offer fixed-rate loans but the differential between fixed and floating rate loans is huge.
The income tax exemption for interest payment of home loans is likely to be increased to Rs 2.5 lakh (Rs 250,000) for the upcoming year.
'In India, there is this first generation migrant, say from a small village in UP. He didn't go to the Gulf to buy a big house but make the life of his family better.' 'He may have paid 1 lakh rupees to an agent to go to the Gulf. Imagine what will happen to him and his family if he has to come back. He and his family will become poor again.' 'He went to the Gulf to come out of poverty, but this war will make his family trapped in poverty once again.'
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