Page 3 - Home Loan

RBI's rate cuts, and expectations of more, can ease your home loan EMI

Lower inflation rates are expected to trigger more rate cuts from the central bank, which will be passed on to consumers in the form of lower interest rates

Indian Bank lowers home loan rate to 7.90%, vehicle loan to 8.25%

Public sector Indian Bank has slashed the interest rates on home and vehicle loans to 7.90 per cent and 8.25 per cent, respectively, the bank said on Friday. The decision by the city-headquartered bank to cut rates comes in the backdrop of the Reserve Bank of India's Monetary Policy Committee reducing the short-term lending rate by 25 basis points to 6 per cent on April 9. A similar reduction was made in February. In a press release on Friday, Indian Bank said, "In light of the recent policy move by the Monetary Policy Committee of the Reserve Bank of India, Indian Bank has lowered its home loan interest rates from the existing 8.15 per cent per annum to 7.90 per cent per annum and vehicle loan interest rates from the existing 8.50 per cent to 8.25 per cent per annum." This reduction aims to provide relief to borrowers by lowering EMIs and promoting affordable access to credit. "In addition to the reduced interest rates, Indian Bank is also offering benefits such as discounted ...

Banks & HFCs start slashing home loan rates as repo rate dips to 6%,

Take a peek into the current home loan interest rates before making this big financial decision

Minimising payout on home loan: Boost credit score, prepay, cut tenure

A home loan balance transfer can help move to a lower interest rate

Bank of India cuts home loan rates by 25 basis points, effective April 15

This move is aimed at making home ownership more accessible and affordable, in line with the bank's ongoing commitment to support customers in achieving their financial goals

Home, auto loans turn cheaper after RBI cuts policy repo rate by 25 bps

Loans to mid and large corporates are linked to the marginal cost of funds based lending rate or MCLR which is yet to come down

Home loan EMIs set to fall after RBI rate cut: Tips to maximise savings

With the latest decision, EMIs are expected to come down, especially for those with repo-linked home loans

Reserve Bank of India broadens scope of loans under priority sector norms

Ups limit for renewable energy to Rs 35 crore

Statsguru: Are luxury homes fuelling the surge in home loan growth?

More than 58 per cent of the IHLs that HFCs disbursed in 2023-24 were more than ₹25 lakh in size, up from 54.34 per cent in 2021-22

Home purchase versus rent: For long-term end users, mkt timing not crucial

Buying makes sense for those planning to stay in a city for at least 7-10 years. Financial preparedness is crucial

Can you claim full tax benefits if your co-borrower loses their job?

Tax deductions are typically available based on each co-borrower's ownership share in the property and their individual contributions toward loan repayment

After crossing Rs 8 trn, SBI aims Rs 10 trn home loan book by Mar'27: Setty

SBI's home loan portfolio grew by 14.26 per cent year-on-year (Y-o-Y) to Rs 7.92 trillion as of December 2024

Looking for a home loan? Here are the best current interest rates available

In case you are looking to buy a house or apartment, these are paisabazaar.com's compilation of the current interest rates for different loan slabs

EMIs set to fall: PNB, Bank of Baroda, RBL Bank cut retail loan rates

The move comes after Reserve Bank of India reduced the policy repo rate by 25 bps on Friday

Budget 2025: Why scrapping home loan tax benefits could hurt the common man

The socio-economic implications of scrapping the old tax regime for India's real estate sector - currently valued at $493 billion and contributing 7.3 per cent to GDP - deserve careful scrutiny

Budget 2025: Will home loan relief become a reality? Experts weigh in

The affordability of home loans depends heavily on fiscal policies and potential relief measures in Budget 2025

IMGC, GIC Housing partner to offer mortgage guarantee-backed home loans

India Mortgage Guarantee Corporation (IMGC), has announced a partnership with GIC Housing Finance Ltd (GICHFL) to offer innovative mortgage guarantee-backed home loan products. This strategic collaboration aims to introduce innovative mortgage guarantee-backed home loan products to prospective salaried and self-employed home loan customers, specifically designed to enhance accessibility and affordability in the growing housing finance sector, a joint statement said on Monday. By combining IMGC's expertise in mortgage guarantees with GICHFL's extensive network, the partnership will enable it to offer more flexible and secure home loan products to a wider range of borrowers, it said. Mortgage guarantee as a product plays a crucial role in helping lender partners foray into responsible lending with minimal risk and helping home buyers fulfill their dreams of owning a home through higher eligibility and lower equated monthly installments, it said. Speaking on the partnership, IMCG Chie

Lenders must offer fixed-rate products for EMI-based loans, says RBI

While lenders offer fixed rate auto loans, unsecured personal loans, not many banks and NBFCs have fixed rate products for home loans

Buying a home? Explore the best loan rates in January 2025

Terms vary and are influenced by several factors including your creditworthiness, loan amount, profession

Looking to buy a new house? Here are the best home loan rates this year

Here are various home loan rates from various public and private sector lenders