Rate Cut by RBI: Know How Your Home Loan EMI Will Be Affected Now
Posted on December 2nd, 2019
RBI has announced rate cut for the fifth consecutive time since 2017. As a result, the repo rate currently stands at 6% while the reverse repo stabilised at 5.75%. With this rate cut, it is expected that the lending institutions will pass on the benefi...
Let's Determine the Home Loan Transfer Benefits
Posted on November 28th, 2019
Secured loans such as home loans offer you facilities such as balance transfers that allow you to transfer your outstanding due from your existing financial lender to a new financial company that offers advances at a much lower interest rate. Home loan...
Pradhan Mantri Yojana: More Than 75 Lakh Houses Approved in Urban Areas
Posted on November 28th, 2019
By the end of financial year 2035, it is expected that Indian real estate market will reach almost Rs. 69,000 Crore. The rise is primarily due to the shifting of a major part of workforce from the rural areas to the urban regions of the country.
To...
Important Things to Know About the PM Awas Yojana Scheme
Posted on November 25th, 2019
Pradhan Mantri Awas Yojana, also known as PMAY, is a Government-backed scheme launched in 2015 that intends to provide high-quality, yet affordable residential units to every citizen in India. The main focus is to provide inexpensive yet high quality h...
Taking a Home Loan in Kanpur? Read These Points.
Posted on November 20th, 2019
Considering the current average price of properties continuing to soar high, home loans in Kanpur have become the most preferred funding option to finance the purchase of your house. To ensure a smoother loan cycle and a convenient property acquisition...
Important Tips to Lower Down the EMI Payments on Your Housing Loan
Posted on October 31st, 2019
You can make use of a home loan tenure calculator or an EMI calculator to estimate your monthly instalments. In case you wish to reduce your EMIs, you can do so by following the ways as discussed below.
1. Longer Tenure
You can opt for a longer te...
Important Tips to Lower Down the EMI Payments on Your Housing Loan
Posted on October 31st, 2019
You can make use of a home loan tenure calculator or an EMI calculator to estimate your monthly instalments. In case you wish to reduce your EMIs, you can do so by following the ways as discussed below.
1. Longer Tenure
You can opt for a longer te...
Remember These Points Before Availing Home Loan Transfer Facility in India
Posted on October 31st, 2019
With government initiatives
like PMAY implementing numerous benefits on home loan, many Indians
are availing these financial packages to build their first house.
Consequently, numerous customers are also choosing to go for home
loan transfer facility
i...
Understand the GST on Housing Loan
Posted on October 30th, 2019
home lThe implementation of Goods and Services Tax (GST) took place on 1st July 2017. It subsumed all other tax such as VAT, services tax, etc. GST also impacts housing loan in several aspects as discussed below.
1. You are required to pay GST at a r...
Impact of Interest Rate on Home Loan
Posted on October 22nd, 2019
With home loans comes the burden of the interest rate. But you cannot change the system. So what you can do is know the impact of the rate of interest and manage your budget accordingly.
Few necessary things about home loan rates in India you should...
This blog is maintained by Anamika Verma who holds a strong experience in financial advising and is known for her in-depth knowledge topics such as loan, fund. house finance. She has written more than 1000 blogs and various tutorials on topics related to home loan, home improvement, home loan interest rate etc. She is also an author at The Finance Town.