Some of us are misguided by the myths and misconceptions surrounding home loans. If you are planning to buy a house, make sure you don’t fall victim to the following myths while taking a home loan. Longer Home Loan Tenure…
Home Loan – Myths
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Factors to consider before taking out a Loan
Taking out a loan can be a significant decision, so it is important to make a wise decision. These are the few things you must keep in mind before availing loans. Check Your Credit Score Your credit score says a…
Home Loan Interest Rates – Rising
Some of the leading banks in India, have recently hiked their interest rates on many lending products, including home loans. The following are the increased Home Loan rates. Rise in SBI home loan interest SBI has increased its MCLR across…
SBI MaxGain Home Loan
Maxgain Home Loan is an innovative and customer-friendly product enabling the customers to earn optimal yield on their savings by reducing interest burden on Home Loans, with no extra cost. The maxgain calculator allows you to calculate the savings in…
Things to do after Pre-Closing your Home Loan
Pre-closure of a home loan indeed saves you a big amount. Home loan pre-closure is nothing but making your home loan debt payments to the bank in part or full before the tenure. A home loan is usually for 15…
Interest Rates – Comparison
Average Personal Loan Interest Rates by Lender. Banks and credit unions will offer competitive rates, but some of the lowest you can find are from online lenders, especially those that cater to creditworthy borrowers. Personal Loan Rates These are the…
Home Loan Interest Rates of different Banks
Home Loan Rates These are the best prevailing Home Loan Rates at the moment from some of the top Banks and NBFCs. The following are the interest rate details of different banks, FundsTiger can help you get home loans from…
Home Loan repayment options
Home Loan repayment options are as follows I. Home loan with increasing EMIs In such loans, you can avail a higher loan amount and pay lower EMIs in the initial years. Subsequently, the repayment is accelerated proportionately with the assumed…
Tax benefit on HRA
Tax Benefit on HRA Many taxpayers shell out house rent but can’t claim deductions due to the absence of the house rent allowance (HRA) component in their salary. Under Section 80GG, you can avail of the benefit for the rent…
Home Loan Tax Benefit
The Indian government has always shown a great inclination to encourage citizens to invest in house. This is why a home loan is eligible for tax deduction under section 80C. And when you buy a house on a home loan,…