Home loan: If you are planning to switch your loan, there are a host of things that you need to consider. FeMoney spoke to experts to tell you the strategy you should adopt and what you should have in mind while planning such a move.
Home loan equated monthly installments (EMIs) are coming down since the Reserve Bank of India started its repo rate reduction cycle since January 2014 when it was at 8 per cent.
One of the most awaited events of the year, Union Budget 2016-17 is expected to metamorphose the country’s real estate landscape from its current recessive state to a progressive sector.
For any middle class Indian the decision to purchase property is a life altering one the first time around.
Banks can now provide home loans up to 90 per cent for properties that cost Rs 30 lakh or below, RBI said today.
It may be a competitive market out there but bankers aren’t about to drop home loan rates to levels where they could get singed.
With the audience being, banks, corporates and the aam janta, everyone applauded in unison as the RBI cut lending rates by 50 bps, signalling loans were set to become cheaper.
A day after State Bank of India announced a 40 basis point cut in lending rates, with effect from October 5, following the Reserve Bank of India’s repo rate cut of 50 basis points on Tuesday, the bank has gone on a sales spree.
In this dog eat dog world if you have agreed to co-sign a loan with somebody, you are incredibly generous! But if you have done so purely because you have been swayed by emotions, stop right now.
Efforts are on to expand credit history coverage to include payments of mobile, insurance and utility services bills that can be used for background checks.
The scheme would, however, be available only for low-cost housing and subscribers whose monthly salary is less than Rs 15,000. These workers constitute about 70 per cent of the EPFO’s five crore subscribers.
As loans get cheaper and employment conditions has improved in the country, consumers are willing to buy home.
By consolidating auto and home loans, you not only reduce the total outgo in instalments but also bring down the rate of interest, saving some money
HDFC Bank launched a 10-second paperless instant loan plan for its existing customers.
Ever heard of a home loan that self-destructs? An offset loan scheme can reduce your interest outgo.