There are many pitfalls that can turn this smooth process into a bumpy one. Here are some of those pitfalls that you should be aware of and avoid.
Pay EMI for the entire sum, even if it is disbursed in tranches.
Al-Nassr top the standings and are two points clear of second-placed Al-Hilal. Al-Ahli are fourth on 25 points.
Home loan expert Harsh Roongta has the answer.
ICICI Bank, India's second biggest bank, has offered to lower the equated monthly installments for a large number of its borrowers by enhancing the tenure of their home loans.
In view of high prices of apartments in cities, India Inc on Tuesday asked the RBI to raise the priority sector home loan limit from Rs 20 lakhs to Rs 40 lakh at least in metros- Delhi, Mumbai, Chennai and Kolkata.
Decided to buy your own house? There are many pitfalls that can turn this process into a bumpy one. Here are some of those pitfalls that you should be aware of and avoid.
To avail a top up loan, factors like your repayment capacity based on your income and commitment towards any other loans other than your home loan etc, will be factored in
As part of the IBA package, housing loans up to Rs 500,000 and between Rs 500,000 and Rs 20 lakhs would attract a maximum interest rate of 8.5 per cent and 9.25 per cent, respectively, for the first five years. To a question on possible increase in disbursal of home loans after implementation of the package, he said the numbers could be gauged in a fortnight.
If you are planning to buy a house in the near future, make sure you start exploring pre-conditions you will need to satisfy to apply for home loan and be prepared about the same.
After banning 0% interest rate, central bank could crack down on EMI waiver too.
Younger customers should opt for increasing cover as their financial commitments are likely to rise in the future.
Months after dismissing State Bank of India's special loan scheme as a gimmick, mortgage player Housing Development Finance Corporation has decided to follow the country's largest bank.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Reduces PLR by 25 bps to 13.75% for existing borrowers.
HDFC on Thursday offered home loans to women borrowers at 9.85 per cent.
Partial credit card payments, high credit card debt and defaults on previous loans make lenders charge you more on home loans.
Housing Development Finance Corporation, a key home loan lender, on Monday said it is likely to increase interest rates by up to 100 basis points (bps) - 1% later this week.
Canara Bank has cut the interest rate on home loans by 0.25 per cent across all maturities and fixed and floating rate options.
Join Rajiv Raj of Credit Vidya on how you can get good CIBIL score and home loan rates at 4.30 on Rediff ZaraBol.
Lalit Modi posted a social media video from Vijay Mallya's 70th birthday party in London, referring to the pair as the 'two biggest fugitives' of India.
State Bank of India, has hinted that it may consider retaining its much-talked-about 8 per cent home loan scheme, albeit with slight modifications in the product
By lowering interest rates Non-Banking Finance Companies (NBFCs) are slowly positioning themselves to become viable alternatives to traditional banks for procuring loans.
The HC posed the question to the 70-year-old liquor baron, wanted in India to face trial on fraud and money laundering charges, on his return home while hearing his twin pleas.
'MIB which is a part of retail, will grow in the range of 20 per cent.'
Home loan major HDFC Ltd has raised its prime lending rate by 0.75 per cent to 13.5 per cent in a bid to manage its rising cost of funds.
Do you feel cheated when your bank reduces floating home loan rates for new borrowers without thinking much about the existing ones? What should you do then? Is there any legal recourse that you can seek?
Public sector lender Union Bank of India on Tuesday announced interest rates for new home loans up to Rs 50 lakh at 8 per cent for one year.
Those who have binged on credit must spend less, cut discretionary expenses, and focus on repayment.
Aiming at bolstering the sagging economy as well as providing housing to all, the urban poor will get 5 per cent interest subsidy for home loans up to Rs 100,000, taken during the Eleventh Plan period.
Rating agency Crisil has said rising interest rates and the reintroduction of teaser loans by various banks would put an additional burden of Rs 6,000 crore (Rs 60 billion) on them.
Before opting for a joint loan with your parents or spouse (after all, anybody who you love is your Valentine) you must first understand the implications of this loan.
Borrowers who contribute over 40 per cent of residential unit's have greater willingness to pay.
Join Rajiv Raj of Credit Vidya on how RBI's rate cut will affect your dream of buying a home.
'Unless banks focus on the Rs 10-15 lakh loan segment, growing affordable housing will remain a challenge.'
The committee is considering multiple BPLRs for corporates, SMEs and retail borrowers and is likely to meet by mid-September to finalise the recommendations on the BPLR structure. BPLR is the interest rate that commercial banks charge their most credit-worthy customers.
The bank has increased its spreads or mark-up over base rate paid by a borrower by 0.10 per cent.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances