With rising interest rates and inflation taking a toll on home loan customers, banks are beginning to encourage them to partly prepay their loans. Many of them are doing so without charging them prepayment penalty.
If you are a home loan customer, top-up loans are for you in case you have additional requirement of loan for extension, renovation, etc. But is there a catch?
The reasons why banks do not lend money to buy homes to live-in partners and same sex couples...
Vijaya Bank on Wednesday slashed interest rates on home loans by 50 to 75 basis points to touch 7 per cent per annum for upto 5 years.
Manchester City blew a two-goal lead to draw 2-2 at Tottenham Hotspur on Sunday as a moment of magic by home forward Dominic Solanke handed Arsenal a huge Premier League title boost.
The proportion in which a joint home loan is taken is important.
If you can handle risks and are willing to go the extra mile to benefit from any further fall in interest rates, floating rate home loans will be best suited for you.
State Bank of India has no plans to hike its corporate lending rates in the short term, but said there was a chance of home loan rates going up after Reserve Bank of India tightened norms for the housing sector.
A joint home loan is a loan which is taken by more than one person.
The home loan scheme offers a discount in the interest rate for the first three years. The interest rate structure of the scheme remains unchanged, said a top SBI official.
Is your home loan lender charging you more interest on your home loan?
The floating interest rates on home loans have increased sharply in the last few years. Home loan expert Harsh Roongta explains how to solve the problem.
Here's the answer to a dilemma faced by many home loan borrowers: To prepay your home loan or not when you get a one-time substantial bonus.
Home loan consumers shouldn't rejoice yet expecting a cut in their home loan rates, feels Harsh Roongta, CEO, Apnapaisa.com, a day after the banking regulator Reserve Bank of India cut the repo rate by 0.5 per cent.
Important facts to know before applying for a home loan.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
With interest rates rising there are doubts if teaser rate home loans offered by banks will come to an abrupt halt.
Do you think your bank is amortising your home loan correctly? You need to keep a check on this.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
High interest, inflation and grim job scenario result in repayment hurdles.
As per the deal, the processing, disbursement and servicing functions for all home loans sourced by IndusInd Bank will rest with HDFC, a press release issued here stated.
SBI, ICICI Bank and PNB reduce interest rate for loans above Rs 75,00,000
While investments are typically reviewed annually, risk cover is often left unchanged for years.
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.
Before you sign on the dotted line, ask your home-loan provider a few tough questions.
It said that when a retiree, who withdraws amounts in the range of Rs 10,000 or Rs 20,000, suddenly withdraws huge amounts, then the bank should issue an alert.
The Supreme Court has expressed serious concerns about the rise in digital fraud, particularly digital arrest scams, and has directed the central government to develop a standard operating procedure to combat these crimes.
Is it the right time for you to invest in your first home? Expert Harsh Roongta tells you what to do in such a situation and several others involving home loans.
A common question that is asked these days by home loan borrowers is: Should I prepay my home loan? Here's how to make your decision.
The Enforcement Directorate on Friday questioned Jai Anmol Ambani, son of industrialist Anil Ambani, in Delhi in a money laundering case linked to an alleged bank loan fraud, officials said.
'LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.'
Continuing the flow of home loans and accessing low-cost deposits are two key elements of the government's instructions to public sector banks.
Existing and new customers will find it easier to manage or raise loans as banks start cutting rates.
A key player in the home loan market, HDFC on Thursday said it would hike housing loan rates by another 0.50 per cent this month-end or early March.
Before applying for a home loan, make sure you have not been delinquent in the past six months at least.
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