Page 13 - Home Loan

Planning to avail top-up loan? Here're the interest rates offered by banks

These loans require minimal paperwork as your existing lender has already scrutinised your credit profile and documents

Longer home loan tenure reduces EMI but increases interest cost

Choose your EMI and loan tenure carefully

Want to renovate home? Top-up loan offers tax deduction on interest portion

Tax benefit is available only if the funds are used for repair and renovation

A snapshot of home loans by various banks and related details

Here's how the home loans by different banks and institutes stack up

Transferring home loan balance can be tricky: All you need to know

It's not just interest rate difference that matters. There are other sundry costs, and the timing is important

Low-cost home loans face high risk of loan default; Maha tops list: Report

During the past three years, state-run lenders' share in new home loan disbursal has decreased by 10 per cent, while that of housing finance firms has risen by 12 per cent

Base rate linked with MCLR: Home loans taken before Apr 2016 may be cheaper

Home loans taken before April 1, 2016 were based on base rate, which was arbitrarily decided by banks

Benefit only for low home loan slabs

There are good benefits for borrowers in the range of 8.35-8.4%. Otherwise, the backending of discounts makes the offers unattractive

Raw deal for bank customers

Lenders have justified high rates on the tenuous ground that someone has to pay for their bad corporate debts

Home loans loot: Whose side is RBI on?

Remember, RBI is concerned with lending, since cutting rates has not pushed up economic activity

Risk weights cut on home loans credit negative for banks: Moody's

RBI lowered risk weight for housing loans above Rs 75 lakh to 50% from earlier 75%

Which is the best home loan?

Avoid lenders who insist that you should buy insurance policies only from them

Home loans: Use annual bonus to reduce interest outgo

Avoid pre-payment if you have only a few years left or have a fixed-rate loan

Home loan interest too high for Indian buyers: Study

High housing loan interests and reluctance to borrow are dissuading Indian buyers who have to dig into savings to own a house, a study has revealed. There is significant demand for affordable housing amongst the younger age (25-44 years) in smaller towns than in metros and mini-metros, the study conducted by India Mortgage Guarantee Corporation (IMGC)-Kantar IMRB showed. "Housing sector is poised for a higher growth, especially in affordable housing segment by the Housing-for-all by 2022 Mission and infrastructure status accorded by government, apart from various other measures," Sriram Kalyanraman, MD&CEO, National Housing Bank said at the launch of the report. Around 38 per cent respondents said that interest rates are too high while equal number of respondents cited lack of savings and unwillingness to borrow as constraints to own a house. Higher property rates (32 per cent) and insufficient loan availability (32 per cent) are among other factors deterring home buying ...

Taxpayers shouldn't subsidise lenders

Govt should ensure that banks don't use the new interest subsidy scheme to shore up their profits

How to make a home loan balance transfer work for you

Enjoy a shorter tenure and a positive impact on your credit score

Tipping Point

Reset clause gives banks and HFCs the power to revise even their fixed-rate home loans

Government approves 3% interest subsidy on home loans up to Rs 2 lakh

Interest subsidy would be available to every rural household which is not covered under the PMAY(G)

Banks cut lending rates: Here's why shifting home loans isn't cheap

If gains are spread over four-five years, it really does not make sense to switch

Relief for home loan borrowers: Housing society certificate sufficient for availing tax sop

Income tax tribunal rules that completition certificate from government authority is not must for availing home loan tax exemption