State Bank of India will provide relief to home and retail loan borrowers impacted by Covid-19 in the form of either a moratorium of up to 24 months or by rescheduling instalments and extending the tenure by a period equivalent…
Critical things to consider while setting a budget for a new home
Buying a house is possibly the biggest financial task of our lifetimes. It often requires years of planning and research, and another 10-30 years to clear the home loan dues. The stakes couldn’t be any higher when a major portion…
Latest Home Loan Interest Rates July 20, 2020
What are the various fixed and floating interest rates on offer for home loans today? Let’s take a comprehensive look at interest rates across banks and housing finance companies. Institution Under Rs. 30 L Rs. 30 L to 75 L…
LIC Housing Finance slashes home loan rate to all-time low of 6.9%
Mortgage lender LIC Housing Finance introduced an all-time low interest rate rate of 6.9% for new home loan borrowers. To bring in rate parity even current borrowers will be able to enjoy this new rate of interest. The interest rate…
Don’t just consider the interest rates when taking a home loan
Interest rates on home loans have been falling ever since the lockdown, with the Reserve Bank of India (RBI) opting for deeper cuts in the policy rates to revive demand and economic activity that has taken a beating due to covid-19. In…
Basic Rules of Buying a House
Among the most major decisions that are driven by a investor’s psychology rather than financial factors, perhaps the biggest is buying a house, the space we occupy seems to play a big role in our view of self. Developers too…
How to switch Home Loan to a cheaper rate?
Once your loan rate has been lowered, consider regular pre-payment. Pre-paying on your home loan during a low rate period is more impactful than pre-paying at higher rates. Pre-pay now to accelerate out of debt. If you have a home…
Home Loan Prepayment Vs Investment
Should I pay off my home loan or continue investing in the hope of decent returns? This is the most intriguing question which keeps playing on the mind of a large number of home loan takers, particularly in a falling…
Right time to take Home or Auto Loans
Buying a home or car is one of the most important financial decisions for the salaried class. A major part of their disposable income goes towards Equated Monthly Installments (EMIs), if they decided to opt for home or auto loans….
All About Home Loan Balance Transfer
Home Loan Balance Transfer refers to transferring your existing Home Loan/ Mortgage Loan from one bank/NBFC to another. The interest rate of an existing home loan and the flexibility the financing institution offers determines whether one continues with the same…