India’s banking system is under tremendous pressure -- total outstanding on mortgages in the banking system stood at Rs 9.08 lakh crore as of September 29. But, this has been no deterrent in financial institutions giving one another stiff...
Ever wondered if there is anything stopping you from picking a loan for 50 Crores and buying a pentHouse in the most luxurious area in the town? We are very sorry to inform you the bad news but yes,...
Home loan comes to the rescue of first-time home buyers looking to book a property with limited funds for down payment. Availing a home loan also has additional benefits. Read on to know more about the benefits provided to first-time...
If you want to take a home loan, you cannot afford to ignore the Credit Information Bureau of India Limited (CIBIL) score. The CIBIL score helps lenders decide whether to grant you a home loan. Will you lend lakhs of...
It is advisable for home loan seekers to obtain a credit report, before applying for a large loan, such as a home loan. This report, which provides a person’s credit score, can be obtained from any one of the...
The feeling of paying off your home loan is wonderful. A huge responsibility is off your back, and you feel so relaxed. You need not run around banks or financial institutions, and can focus on other important matters of...
A mortgage is the biggest debt most home loan borrowers will probably ever bear, and their home is probably the most expensive thing they will ever buy. Taking a home loan and mortgage is a time-consuming process. Applicants work on...
Retrenchment, an accident, a prolonged illness or business losses, can all lead to a situation where a borrower is unable to pay his home loan EMIs. Here are a borrower’s options in such a situation: Plan a contingency fund Before you take a...
Benchmark To Be Revised Monthly | SBI Reduces Rates Home loans have started becoming cheaper.EMIs will fall by over Rs 300 for those who avail a Rs 50 lakh, 15 years loan. The country's largest lender State Bank of India...
SBI and ICICI have cut the interest rates on their home loans by 0.10%, with additional benefits for women borrowers. Read on, to know what the current rates are. Leading banks SBI and ICICI, on April 7, 2016, cut their...
As the real estate market begins to perk up, many people find themselves in a good position to start looking for a home. Even though interest rates continue to hover at the lower end of the spectrum, shopping for a mortgage...
होम लोन कस्टमर के लिए अच्छी खबर है। देश के सबसे बड़े बैंक भारतीय स्टेट बैंक ने होम लोन सस्ता कर दिया है। बैंक ने 30 लाख रुपए तक के होम लोन पर इंटरेस्ट रेट 0.25% घटाकर 8.35% कर...
Lately, we have noticed that a significantly higher number of people are transferring their home loan from one bank to another. But what could be the reason behind this move? Well, it is believed that usually a person undertakes...
Faced with liquidity crunch, realtors' apex body CREDAI on December 6 sought one-time restructuring of loans provided to the sector as well as a dedicated fund for the completion of stalled housing projects.It also demanded reduction in the GST rate for...
Whether or not you will be able to materialise your home purchase plans would largely depend on the acceptance or rejection of your home loan application that your bank might be processing. At this point, it is worth mentioning...
In India, taking a home loan is one of the preferable ways you can afford a home for your family, in your 30s or early 40s. Essentially, you receive a significant amount of money as loan amount and commit...
Festive times are always considered auspicious for buying a piece of property. There can’t be a better time to buy that dream home than this, when apart from being the most auspicious time of the year, houses are available...
Thanks to the RBI's latest mandate (wherein banks would now have to link loans across categories to floating interest rates), new and existing home-owners will get more transparent home loan deals. Home loan borrowers...

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