Page 12 - Home Loan

Should you choose lower EMI or lower interest rate while taking home loan?

Besides comparing interest rates offered by different players, also compare the processing fee, as this will make a difference to the total cost of your loan

Seven reasons why you should go for a joint loan to buy property

Besides increasing the eligibility, tax benefits will also double

Planning to take loan against property? Go for overdraft option to cut cost

Interest has to be paid only on the amount used

SBI prices home loans at 265 bps over repo rate from October 1

SBI also said that a 5 bps concession will be given to women borrowers under each category of loans.

SBI to use repo rate as benchmark to price MSME, retail loans from Oct 1

Also, link pricing credit to Medium units to the repo rate

Switching to repo-linked home loans? Five things you need to know

You will gain from their transparency

Explained: Is SBI repo-linked home loan product good for retail borrowers?

Higher initial payout is an entry barrier, but interest burden will fall and more tax benefit can be availed of

RBI panel suggests setting up new entity to boost home loan securitisation

Securitisation is needed to widen the pool of resources available to housing finance companies

RBI mandates banks to link fresh retail loans to external benchmark

Move to cover fresh retail, MSME loans from Oct 1; home, auto loans to get cheaper

Stimulus for borrowers

The inherent belief of the powers-that-be appears to be that a new home loan is the only way to provide a fillip to economic activity

Mini Budget: FPI surcharge rolled back; no angel tax for start-ups

PSBs get Rs 70,000 crore; home, auto loans to become cheaper

Soon, get home and car loans online in 59 minutes from state-run banks

Currently, the portal gives in-principle approval for loans of up to Rs 1 crore to micro, small and medium enterprises in just 59 minutes or less than an hour

Planning to take home loan? Make sure you are on the best rate available

Many lenders nowadays waive the processing fee on home loan transfers

New deduction on affordable homes benefits loans with longer tenures

Joint owners would not be able to get the additional tax deduction due to caveats

Financial emergency? A top-up home loan is best option for raising funds

You can borrow a large amount at a low rate of interest

A snapshot of home loan rates for upto 30 years offered by various banks

Here's how the home loan rates offered by various banks stack up

Home loan queries at finance firms down 7.9% in December quarter

In the case of banks, however, home loan enquiries showed a year-on-year increase of 9.3 per cent, says report

Want to renovate home? You can claim tax benefit on a top-up home loan

This benefit is, however, available only if the borrower uses the money for home repair and renovation

RBI monetary policy: Will your home loan EMI fall due to rate cut?

New borrowers will benefit if banks cut their MCLR. Older borrowers' EMIs will change only when their reset date arrives

Planning to take a home loan? Choose a bank over housing finance company

The benchmark that banks follow is more transparent. HFCs, however, are more flexible