Posted on July 2nd, 2020
Home loans are gaining grounds in the Indian loan market, considering the recent backdrop of increased demand for real estate properties. While government endeavors like the PMAY scheme aim to offer ‘housing for all’ by 2022, financial institutions als...
Posted on April 13th, 2020
As a housing loan is mostly provided on floating rates, it can become a substantial burden in case the rates increase. However, borrowers can follow a few tips to reduce their rates and interest. To reduce the impact of rising home loan rate, follow th...
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...
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...
Posted on September 9th, 2019
Interest rates and EMIs are two crucial factors that a borrower should consider while availing a housing loan. Interest rates can significantly affect the total cost associated with credit, while an EMI amount affects the financial burden on a borrower...
Posted on September 2nd, 2019
loan interest rates
that are offered directly determined your home loan EMI amounts based
on the credit amount and chosen tenor. Some of the determining
factors of home loan interest rates are as follows –
MCLR (Marginal Cost Based