Home loan

Smart tips to repay your mortgage, personal loan on time

The deduction in Article 80E concerns the interest on loans taken out for higher education with a financial institution or an approved charitable institution. With the cost of living steadily increasing, personal loans have started to play an important role in our lives today. Unlike the days when you had to queue in banks for […]

Home loan

Hurry! SBI 100% Home Loan Processing Fee Waiver Offer Ends Tomorrow

Last month, the country’s largest lender, the State Bank of India (SBI), announced the waiving of processing fees on home loans until the end of August. Currently, the application fee on home loans is 0.40%. The SBI said it was the bank’s limited-time “Monsoon Dhamaka” offer, through which a home loan customer can earn significantly. […]

Home loan

SBI home loan offer to end tomorrow: here’s how you can grab yours

SBI mortgage products SBI is the largest lender in India in terms of mortgages and the bank has extended its loan offer to over 30 lakh families across the country. SBI offers a range of home loan products such as SBI Regular Home Loan, SBI Home Loan Balance Transfer, SBI NRI Home Loan, SBI Flexipay […]

Home loan

Home loan, car loan, personal loan borrowers having trouble repaying: how to avoid missing the IME

When Delhi-based Gaurav Sharma and his wife Deepti took out a Rs 45 lakh home loan in 2017, they were confident they could repay the loan comfortably. Gaurav was doing well at a finance company and Deepti had just landed a new job at a large hotel. With a family income of almost Rs 1 […]

Instant loan

ICICI Bank Director in Calcutta Instant Loan Enforcement Case

Hyderabad: Cybercrime Police, CCS Hyberabad Police arrested the bank manager who is the main accused of thawing bank accounts in the instant loan enforcement case. According to the case, Rakesh Kumar Das, former manager of the ICICI Bank Alipore branch in Kolkata, was instrumental in unfreezing the ICICI bank accounts of the co-defendants in the […]

Home loan

Home loan delinquencies: demand, possession and auction notices rise as defaults rise

Historically, a home loan has been considered the safest variety of credit because there is security attached to it and most borrowers want to avoid losing their home. The notices of application and possession of apartments purchased with the help of home loans are increasing as defaults increase in the segment. In recent weeks, both […]

Home loan

Home loan transfers up 42% in January-June compared to the previous 6 months

MUMBAI: There has been a 42% increase in the number of borrowers making home loan balance transfers in the first half of the 2021 schedule compared to the previous six months from July to December. On the other hand, mortgage applications recorded an increase of 26% in the first half of the year. According to […]

Home loan

New Mortgage Data: Racial Disparities in Home Loans in North Carolina and South Carolina

Listen to our daily briefing: According to a new survey of racial disparities in the lending industry, black applicants in eight Carolina metro areas are more likely to be denied home loans than white applicants with similar financial profiles. The findings reflect disparities seen across much of the United States — and challenge the industry’s […]

Home loan

Cities where rental prices exceed mortgage payments

The median monthly price to rent a home is $1,607, an annual growth of 9.8%, making renting about 15.5% more expensive than monthly mortgage payments on a first home in about half of the world. 50 largest cities in America, according to the Monthly rental report from Realtor.com. Nationally, compared to 2019, rent prices for […]

Home loan

Dos and Don’ts to Accumulate a Down Payment on a Home Loan

The earlier you start investing, the more time the money has to grow and maximize the benefits of the power of compounding. RBI guidelines allow lenders to finance up to 75-90% of the cost of the property in the form of a home loan. The rest must be provided by the buyer from his resources […]

Home loan

How to close a mortgage without complications? – Advisor Forbes INDIA

Home loan is a liability that comes with the joy of creating a lifetime asset for yourself. You wait years to save money and use it to buy your dream house. A home loan helps you make that dream come true. However, every individual who takes out a home loan still wants to get rid […]

Home loan

Paisabazaar.com Closes Biggest Home Loan File of Rs. 9.35 crore

ANI | Update: August 19, 2021 3:42 PM STI Gurgaon (Haryana) [India], Aug. 19 (ANI / NewsView): Paisabazaar.com, India’s largest digital consumer credit market *, today announced that it has closed its highest online mortgage loan file of Rs 9.35 crore.The home loan, obtained through the Paisabazaar platform, was disbursed by a leading private bank […]

Home loan

Smart Ways to Increase Chances of Home Loan Approval

Applying for a home loan on the basis of an optimal IME would increase your chances of obtaining a home loan Owning a home is truly rewarding. The feelings associated with owning a home cannot be equated with anything else. But, lenders take a very cautious approach when evaluating mortgage applications, especially those involving the […]

Home loan

47% of respondents prefer to benefit from a mortgage from public sector banks: Survey

Safety and security is the most important factor for home buyers, according to a survey by BASIC home Loan, a financial technology company. Over 52% of respondents said they trust family and friends when finalizing a property and that connectivity with schools and hospitals is the most important aspect they look at when finalizing the […]

Home loan

Bendigo Bank offers a new home loan at less than 2%

This week, there were a few home loan rate changes, including from Bendigo Bank, 86,400, AMP and Commonwealth Bank. Bendigo Bank is the latest bank to offer a home loan at less than 2%. The fifth-largest retail bank cut rates on investment loans and residential real estate loans by 20 basis points each. Its “full” […]

Home loan

What type of mortgage is best for a first-time buyer?

Because each first-time buyer is in a different financial situation and has different personal goals, the best mortgage option for each borrower will be different. Understanding some of the features and benefits of mortgages that are popular with first-time home buyers can help you compare home loans and find an offer that best meets your […]

Home loan

Mortgage rates unlikely to fall further as RBI keeps rates unchanged

The unchanged pension rate at 4% by the RBI in the August bimonthly monetary policy statement bodes well for mortgage loan borrowers because retail mortgage rates are directly linked to benchmark repo rates. Currently, most mortgage rates from banks, NBFCs are below 7%. Rates even drop below 3% for borrowers who benefit from government grants […]

Home loan

Real estate loan | Should we opt for a solidarity mortgage? Check the pros and cons

Representation image New Delhi: The Covid epidemic has given an opportunity to potential buyers of properties as some developers have reduced prices to attract buyers. Additionally, in the resale market, properties are available at attractive discounts as many landowners who have more than one property are considering selling one to reduce the burden of IME. […]

Home loan

Maintenance of the good low rate regime for mortgage borrowers, to facilitate the revival of real estate: Experts

Some developers believe, however, that given the current scenario, a slight drop in key rates would have been widely celebrated as low interest rates have been a crucial factor in boosting demand in the real estate sector. As widely expected, the Reserve Bank of India (RBI) kept its policy rates unchanged during its bimonthly monetary […]

Home loan

Low credit rating? Six tips for getting a home loan now

Keep in mind that sibling, sister-in-law, a parent with an unmarried daughter are some of the relationships that are generally not allowed as co-applicants in a home loan. The credit rating is now an integral part of the home loan process. Maintaining a high credit score of at least 750 can help you get loans […]

Home loan

Many banks’ mortgage portfolios are starting to show signs of strain

Many banks’ mortgage portfolios have shown signs of strain, with data from one of the main guarantors of these advances suggesting an almost three-fold increase in the pool of mortgage delinquencies over the past 15 months, which has witnessed several waves of job losses and wage cuts. But a recovery is probably underway and the […]

Home loan

Your questions – Loans: Additional home loan: use the money from this property only to benefit from a tax advantage

A supplemental home loan is eligible for tax benefits under Section 80C and Section 24 if it has been used for the acquisition/construction of residential property or the renovation of said property. By Chaitali Dutta Is the interest and principal paid on the supplemental home loan eligible for deduction under Section 24 and Section 80C? […]

Home loan

5 Ways To Pay Home Loan IMEs – Know Them Before Contacting A Lender

It is best to explore various mortgage repayment options before finalizing the deal. Repaying home loan IMEs is a long-term commitment as it can span 10 to 30 years. The financial condition of the borrower can go through huge changes over the years. So, it is always better to keep some flexibility when entering into […]