Home loan

Budget wish list Individuals: increase in tax brackets, discount on mortgage: La Tribune Inde

[ad_1] Tribune press service Vijay C Roy Chandigarh, January 28 For individuals, expectations of the budget are always high, as they are dedicated taxpayers and an important force in nation building. As the pandemic has put pressure on their incomes, individual taxpayers expect some relief on the personal income tax front. Their wish […]

Home loan

Budget wish list Individuals: increase in tax brackets, discount on mortgage: La Tribune Inde

[ad_1] Tribune press service Vijay C Roy Chandigarh, January 28 For individuals, expectations of the budget are always high, as they are dedicated taxpayers and an important force in nation building. As the pandemic has put pressure on their incomes, individual taxpayers expect some relief on the personal income tax front. Their wish […]

Home loan

Income Tax Deduction of Rs 5 Lakh on Home Loan Interest – 2022 Budget Forecast for Real Estate and Home Buyers

[ad_1] Budget 2022 real estate expectations: The real estate sector saw a strong comeback last year, with home sales in major cities jumping to 90% of pre-covid levels Budget 2022 Real Estate Expectations: The real estate sector saw a strong comeback last year, with home sales in major cities jumping to 90% of pre-covid levels […]

Home loan

Can I benefit from a tax advantage on the mortgage during the pre-construction period?

[ad_1] I am employed in a PSU bank. I had reserved an apartment in Dehradun in 2017 by taking out a mortgage of ??39 lakh. So far, I have not taken possession of the apartment. Please indicate if I am eligible for a tax benefit during the pre-construction period for interest paid on the mortgage. […]

Home loan

What factors to consider when taking out a mortgage?

[ad_1] The Reserve Bank of India (RBI) kept its key rates unchanged last month. This has helped banks keep interest rates on home loans low. Some lenders have even continued to reduce it further to support the ongoing recovery. Housing Development Finance Corporation, or HDFC, India’s largest housing finance company, offers home loans […]

Home loan

YOUR QUESTIONS: LOANS: If you stop paying EMI on a home loan, you can be sued by your bank

[ad_1] The sales contract is concluded between the builder and the buyer. The home loan provider is another party to the loan agreement with the buyer. By Chaitali Dutta I took out a mortgage to buy an apartment in 2011, but I haven’t taken possession of it yet. I paid EMI regularly. Can I stop […]

Home loan

Home Loan | Tax savings: the intelligent use of home loan can offer the best tax savings at the lowest cost

[ad_1] For someone managing a home loan, this might be one of the best tax saving tools in their pot, especially if they have exhausted all other tax saving opportunities. In addition to saving taxes, your home loan also allows you to create an asset valuing at the lowest interest rate. While many are aware […]

Home loan

Got ₹10 lakh on hand? Should you prepay a home loan or invest in mutual funds?

[ad_1] Ravi Ujjwal is a 40 year old professional and he has ₹10 lakh surplus in hand. Now he doesn’t know whether to prepay a home loan or invest in mutual funds. In fact, Ravi is not the only staff to have encountered such a situation. There are a large number of earning people who […]

Home loan

New ‘Instant Mortgage’ Product Promises 60-Minute Home Loan Approval

[ad_1] A major US fintech has launched a new “instant mortgage” product in the APAC region that promises to approve home loans in just 60 minutes. Silicon Valley giant FICO first launched the product in Singapore at the height of their foreclosure and reaped the rewards, with US $ 700 million (A $ 977 million) […]

Instant loan

The IT department descends on the instant loan application company; Rs 500 crore in funds illegally transferred abroad, Telecom News, ET Telecom

[ad_1] A fintech company that provided instant loans through a mobile app was found to have repatriated “non-genuine” funds of Rs 500 crore overseas, the CBDT said on Wednesday. The information was gathered by the Income Tax Department after raiding the company in Delhi and Gurgaon (Haryana) on November 9. “During the search, it was […]

Instant loan

The IT department descends on the instant loan application company; Rs 500-cr illegally transferred

[ad_1] A fintech company that provided instant loans through a mobile app was discovered to have repatriated “non-genuine” funds of Rs 500 crore overseas, the CBDT said on Wednesday. The information was gathered by the Income Tax Department after raiding the business in Delhi and Gurgaon (Haryana) on November 9. “During the search, it was […]

Instant loan

cbdt: IT raids instant lending app company; Rs 500 crore of funds illegally transferred overseas

[ad_1] A fintech company engaged in providing instant loans through a mobile app was found to have repatriated 500 crore rupees of “non-genuine” funds overseas, the CBDT said on Wednesday. The information was gathered by the Income Tax Department after raiding the company in Delhi and Gurgaon (Haryana) on November 9. “During research, it was […]

Instant loan

IT raids instant lending app company; Rs 500-cr funds illegally transferred overseas

[ad_1] A fintech company engaged in providing instant loans through a mobile app was found to have repatriated 500 crore rupees of “non-genuine” funds overseas, the CBDT said on Wednesday. The information was gathered by the Income Tax Department after raiding the company in Delhi and Gurgaon (Haryana) on November 9. “During research, it was […]

Home loan

Do I have to partially repay a ₹30 lakh 10 year home loan at 6.9%? I will lose the tax benefit

[ad_1] I have a loan ₹30 lakh, which I took for 10 years at an interest rate of 6.9%. Do I have to prepay part of it? I would waive the tax benefit on interest on home loans. Name masked on request It’s always best to pay off liabilities by making regular partial payments and […]

Home loan

Mortgage fees 2021: Know the total cost of your loan before making your request

[ad_1] When you get a home loan, other than the equivalent monthly payment (EMI), you must also pay various fees applicable on this home loan. These fees vary among lenders (banks, housing finance companies, and non-bank finance companies). Additionally, some lenders may charge fees separately while others may bundle various fees together. Some fees are […]

Home loan

Income conditions for a home loan

[ad_1] Is there a minimum income to buy a house? Home buyers must meet certain standards to get a mortgage. There are minimum credit scores, job requirements and more. But many first-time homebuyers don’t realize – there are in fact no minimum income required to buy a house. Instead, you must earn enough to qualify […]

Home loan

How to choose the best mortgage

[ad_1] Much like homebuyers should consider the total cost of a home (including the base price, GST, parking fees, stamp duties, registration, brokerage, etc.) before purchasing. , mortgage borrowers should also consider the “actual cost” of a home loan. Home loan is a 15 to 20 year commitment and therefore borrowers should consider all costs […]

Home loan

How to prepare financially for a rise in mortgage interest rates in the future

[ad_1] The chances of a further rate reduction are very low. However, mortgage borrowers should not ignore the possibility that rates will rise from current levels. Since rate transmission is now fluid, any rate increase by RBI will immediately impact their mortgage rate. Any increase in mortgage rates will increase the EMI (or loan term) […]

Home loan

Home loan over 15 or 30 years? Know the impact on the EMI, the interest before choosing the tenure

[ad_1] The total interest you end up paying on the EMI will depend on the term you choose. Moving into your own home is a dream for most tenants who pay rent to their landlord. With mortgage interest rates at their multi-year low of around 7%, home finance is gaining ground among many tenants. After […]

Home loan

Online home loan and digital sanction letter – For a simple and smooth home loan experience

[ad_1] Apart from the online application aspect, applicants also benefit from all the features of a home loan from Bajaj Housing Finance. Most Indians rely on a home loan to make their dream home a reality. High real estate prices have almost made home loans a necessity for most people in the middle income segment […]

Home loan

Have you taken out a home loan from these sources? You will not get benefits under section 80C

[ad_1] Have you taken out a home loan from these sources? You will not get benefits under section 80C Highlights Under Section 24b of the Income Tax Act, one can claim a deduction of up to Rs 2 lakh on interest paid on a home loan. These tax benefits are only available if you take […]

Home loan

article 80C | Mortgage loan: tax benefit section 80C not available on this type of mortgage

[ad_1] Many of us borrow, that is, take out a private loan, from our relatives and friends to help us through difficult times. Some even take out private home loans instead of going to financial institutions like banks, NBFCs, and housing finance companies. However, did you know that unlike a home loan contracted with a […]

Home loan

YOUR REQUESTS: LOANS: Income streams and current debt determine mortgage eligibility

[ad_1] The loan amount you can get will be limited by the maximum loan-to-value ratio (LTV) allowed by the regulator based on the value of the property you are purchasing. By Manish Chaudhari After working abroad for 15 years, I returned to India in July of this year. I want to take out a mortgage […]

Home loan

Effective ways to repay and pre-close your mortgage

[ad_1] The pre-closing of a mortgage means the closing of the loan before the end of its effective mandate. Home loans can be granted for terms of up to 30 years. Often, borrowers prefer the longest term possible based on their eligibility. This minimizes the EMI pressure on them and makes it easier for them […]

Home loan

Foreign banks compete for greater share of mortgage market

[ad_1] Balance transfers have proven to be a preferred option for foreign banks because they are easier to find. They are also considered to be more secure because the lender gets an overview of the borrower’s repayment history. Taking advantage of record interest rates and higher housing affordability, foreign banks operating in India are aggressively […]

Home loan

Income Tax Impact of Selling a Home Purchased with a Mortgage

[ad_1] I bought a 2 bedroom apartment in Mumbai in December 2018 with a home loan from HDFC. Since then, I have been enjoying a tax refund on loan repayment and interest. Now I want to sell this apartment to buy another three bedroom apartment. Do I have to return the tax benefits I have […]

Home loan

Can you opt for a mortgage to build your house?

[ad_1] The amount of home loans that one can take out depends on the borrower’s income. Over the past two years, accessibility for those looking to buy / build a home for self-occupancy or investment purposes has increased. When applying for a home loan, the borrower’s income and repayment capacity are the two most important […]

Home loan

Get the LIC HFL home loan now up to Rs 2 crore at 6.66%! Check out what SBI, HDFC, Kotak, Bank of Baroda have to offer

[ad_1] Representative image Amid growing demand for larger and more affordable spaces, LIC Housing Finance (LIC HFL) has extended its lowest mortgage rate of 6.66% for home loans up to Rs 2 crore. Earlier in July this year, LIC HFL announced that it was offering home loans at an interest rate of 6.66% up to […]

Home loan

Documents required to benefit from the SBI mortgage loan. Interest rate at 6.7%

[ad_1] SBI home loan interest rate: India’s largest lender cuts rate to 6.7% State Bank of India (SBI), the country’s largest mortgage lender is offering home loans at 6.70% interest rate, and customers looking for affordable loans during the holiday season have the option of considering the first credit score of its kind related to […]

Home loan

Top Tips To Increase Your Home Loan Eligibility AFN News

[ad_1] Previous story: Bengal Takes New Milestone With Successful First Lung Transplant In Eastern India Next story: ASSOCHAM ILLNESS TO WELLNESS webinar on “Aging in Grace” on the occasion of “World Alzheimer’s Day” Top Tips to Increase Your Home Loan Eligibility Posted on September 21, 2021 Buying a home is a big financial decision and […]

Home loan

Can you afford a home loan? Use this 4-point checklist to find out

[ad_1] For many, buying a home means stretching finances to the max. To make sure your home loan doesn’t end in a noose around your neck, go through the following checklist before you take on the financial burden. Emergency fund in place?Before even starting to calculate the numbers, you need to make sure that your […]

Home loan

Employee? Now get a home loan up to Rs 50 lakh at 6.66% from India Post Payments Bank

[ad_1] Additionally, recovery is a specialized skill and the process would be more efficient if only one professional team was on the job. (Representative image) India Post Payments Bank (IPPB) has partnered with LIC Housing Finance to sell the latter’s housing finance products to its 4.5 million customers, according to a statement on Tuesday. Through […]

Home loan

Mortgage Vs mortgage: which one to choose? To find

[ad_1] The repayment period of a mortgage is one of the longest available to the borrower, up to 30 years. When it comes to mortgage credit, there are different classifications. Depending on what the borrower wants to do with the home loan money, a separate category of home loan should be chosen. For example, there […]

Home loan

Smart tips to repay your mortgage, personal loan on time

[ad_1] 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 […]

Home loan

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

[ad_1] 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, […]

Home loan

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

[ad_1] 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 […]

Home loan

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

[ad_1] 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 […]

Home loan

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

[ad_1] 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 […]

Home loan

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

[ad_1] 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 […]

Home loan

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

[ad_1] 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 […]

Home loan

What you need to know before you co-apply for a home loan

[ad_1] The co-applicants can benefit separately from these tax advantages, given that they are also co-owners of the property in question. The post-pandemic boom in home buying sentiment is further fueled by grants under the PMAY program. The decision to buy a home today seems more prudent in light of competitive developers’ prices and favorable […]

Home loan

[Explained] How To Take A Mortgage With A Woman As The Primary Borrower Is Beneficial For You

[ad_1] How to take out a mortgage with a woman as the primary borrower is beneficial for you. Women take larger home loans, according to a guide to refinancing home loans in 2021 by BankBazaar. In FY20, the average size of mortgage tickets taken by women was Rs 29.78 lakh. In FY 21 the number […]

Home loan

Home loan: why partial prepayments are a good idea

[ad_1] You may also want to consider partially repaying your mortgage when its interest rate is higher than the return you could get on that amount if it was invested in instruments that meet your risk appetite and liquidity needs. A home loan is often the biggest financial commitment of our life. It’s always a […]

Home loan

How to Download SBI Home Loan Interest Certificate Online

[ad_1] The SBI home loan interest certificate shows a break in the repayment of the SBI home loan for one fiscal year. This is a crucial certificate that includes essential information such as borrower’s personal information, home loan account number, principal amount, interest amount, actual repayment, and payments due or expected. Recently, India’s main lender, […]

Home loan

SBI Home Loan Interest Certificate Online Download: Step-by-Step Guide

[ad_1] New Delhi: State Bank of India (SBI) clients can now get a copy of their mortgage interest certificate from home. SBI home loan borrowers can easily download the certificate using Online SBI or SBI Quick. They will no longer need to go to the SBI agency if they need a copy of the mortgage […]

Home loan

VA Home Loan Requirements for 2021

[ad_1] What Are the Minimum Requirements for a VA Home Loan? The first requirement for a VA home loan is that you must be eligible for VA loan benefits. Most Veterans, Military, National Guard and Reservists are eligible. Other requirements include decent credit (usually 620 or more), stable income, and stable employment. Fortunately for veterans […]

Home loan

Advantages and disadvantages of taking out a joint mortgage loan with a brother or sister

[ad_1] Priya has realized that buying a house is not easy in a metro like Delhi, where she has worked with a famous design house for seven years. She is originally from a small town and has always dreamed of having her own house in the city, not too far from her workplace. Unfortunately, she […]

Home loan

How to Apply for a VA Home Loan

[ad_1] How do I apply for a VA loan? If you are an active duty member, veteran, member of the National Guard, or the surviving spouse of a service member, you may qualify for a VA home loan. These government loans are insured by the US Department of Veterans Affairs. They have no down payment, […]

Instant loan

Instant Loan Application Case: Director of Financial Firm Linked to Money Lending Application Arrested in Bengaluru

[ad_1] Last month, the government announced a dedicated portal, effective July 1, 2021, allowing sellers to file claims for alleged violation of the Government Procurement Ordinance (Preference to be done in India), 2017 (Representative image) ) A director of a financial services company, connected to a money-lending app, has been arrested in Bengaluru in an […]

Home loan

Benefits of taking a joint home loan – Forbes Advisor INDIA

[ad_1] In India, the purchase of a house is the biggest investment made by an individual during his life. As our families grow, we plan for the future and plan to invest in larger homes that can comfortably accommodate and protect a growing family. However, these dream homes come at a significant cost, guarantee access […]

Home loan

Five Practical Tips to Reduce the Burden of Home Loan EMIs

[ad_1] The mortgage is an essential solution to buy the house of your dreams. Relatively low interest rates, longer terms and attractive offers make it a popular vehicle for financing your home purchase. But when it comes to paying off your home loan, you have to be smart about your monthly outlay for the loan. […]

Home loan

What documents are needed to apply for a home loan?

[ad_1] What documents are needed to apply for a home loan? Before you start shopping for a new home, it’s a good idea to get a mortgage pre-approval. Getting pre-approved lets you know what size mortgage you can get. It also lets sellers know that you are a serious buyer. A pre-approval involves going through […]