Page 8 - Home Loan

Term plan works better for covering home loan liability, say experts

Home loan protection plan may only cover accidental death, which could leave the borrower's nominees exposed

After rate hike, ask your lender to increase home loan EMI, not tenure

A 50-bps hike on a Rs 50 lakh loan of 20-year tenure would increase the EMI by Rs 1,545

What is an Encumbrance Certificate?

Experts advise caution in purchase of property. But how will you know if the house you are planning to buy is free of any litigation or any problem. An Encumbrance Certificate will help you in that

Buy a house only if you don't plan to change city and can afford it

Renting provides flexibility vis-a-vis size of the house and geography, frees up finances

Home sales in India drop 7% in Q2; only 84,930 units sold: Report

Sales have also been hit as home loan interest rates increased over the last several quarters impacting affordability

A snapshot of home loan rates offered by various banks with details

Here's how the home loan rates offered by various banks and housing finance companies stack up

Ahmedabad India's most affordable housing market in H1CY22: Knight Frank

All markets decline in affordability due to rise in home loan rates

Property registrations in Mumbai up 21 per cent YoY, the best in a decade

Property registrations in Mumbai increased by 21 per cent YoY in June to 9,525 units, a report by Knight Frank said

Rising interest rates won't impact housing demand: HDFC chairman Parekh

A home loan is for a long tenor and during this period there are bound to be both upward and downward interest rate cycles, he said

ITR 2022-23: How to fill your income tax return for this assessment year?

Here is a quick step-by-step guide on how to file your income tax return (ITR) for the assessment year 2022-23

Don't lose the plot while buying land: Hire a lawyer to verify legal title

Plots don't age, offer better RoI than apartments

EMIs to soar: Here's how much repo rate hike will pinch home loan borrowers

RBI's repo rate hike spells bad news for those who were looking to buy a home and also for those who are paying their EMIs

A snapshot of home loan rates offered by various banks with details

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

LIC Housing Finance plans to expand project loan business in FY23

With this, "the company will take the share of project finance from 5 per cent to 10 per cent in incremental business in the current year", said Y Viswanatha Gowd, MD and CEO, LIC Housing Finance.

HDFC raises home loan interests by 30 bps after RBI's repo rate hike

For new customers, on loans upto Rs 30 lakh, interest rate charged will be 7.10 per cent.

HDFC hikes retail prime lending rate on housing loans by 5 bps

HDFC's adjustable-rate home loans for customers with a credit score of above 750 will now be 6.75% versus 6.70% earlier

Bank of Baroda cuts home loan rate by 25 bps to 6.5% till June end

The move runs contra to the 5 bps hike in MCLR; the special rate is available across all loans amounts and is linked to borrower's credit profile

A snapshot of home loan rates offered by various banks with details

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

Get an accurate estimate of price before putting your house on the sale

Housing sales: Make it presentable, clear off dues, and have documents ready before you meet potential buyers

Home loans to be cheaper as bank has low-cost deposits: HDFC Bank chairman

Cost-wise, the housing loans would certainly come at a cheaper cost because the bank has low-cost deposits or Casa [current and savings account]