Page 10 - Home Loans

Worries over liquidity to boost credit card, personal loans: CIBIL

Unlike the slowdown a decade ago, demand for credit cards and personal loans will remain as consumers look to secure funds to bridge gaps in personal finance.

Financially stressed due to Covid-19? You may find it hard to get loan

Lenders are treading cautiously, and in some cases even cancelling previously sanctioned or pre-approved loans

RBI rate cut a boon for borrowers? Know how your EMIs will be impacted

Here's how borrowers are likely to gain from RBI's rate cut, subject to banks, non-banking financial companies passing on the benefits to customers

HDFC cuts prime lending rate by 15 bps; move to benefit home loan customers

The reduction in rate comes after the RBI provided a boost to the banking system through its policy measures and also introduced a targeted long term repo operation (TLTRO)

Financial groups: Focus shifts to their ability to boost parent's valuation

While lack of clarity on outlook of insurance business has weighed on valuations of parent firms, retail loan growth and fee income need to be closely watched

'Pay when you stay', 'EMI waiver': LICHF's plan offers relief to borrowers

But you need to stay for the entire period of the loan to get this benefit

Existing home loan borrowers must move to external benchmark loans

Yes, there will be some cost, but it will be limited to administrative and legal expenses

JM Financial Home Loans eyes Rs 2K-cr loan-book by FY21 with BoB pact

Sheth further said they will also be tapping the customers from those developers whom it funds now to grow the loan book

Want to avail of home-loan overdraft? Do it only if you have surplus funds

Savings done by depositing extra money into the home loan overdraft facility should outweigh the higher interest cost charged from you

Still paying high interest on loans? Compare, choose best offer, switch!

Bargain with your current home loan lender first before deciding to shift to a new player

Don't go overboard taking loans just because the lender is generous

While NBFCs are increasingly willing to lend to below-prime borrowers, the latter should remember that failure to repay can have dire consequences

Planning to take a home loan? A snapshot of rates offered by various banks

Here's how the home loan rates by public and private sector banks stack up

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

Besides increasing the eligibility, tax benefits will also double

Are fixed-floating rates a sound option for retail home loan borrowers?

Two leading industry experts debate the merits and demerits of the new fixed-floating rate product that the SBI chairman proposed recently

SBI will move RBI to offer fixed-floating rate home-loans: Chairman

Rajnish Kumar said the central bank's recent guidelines on floating rate products for the retail segment has necessitated the need for the clarity

Experts give thumbs up to linking home loans to external benchmarks

If you are an existing borrower with an HFC or an NBFC, there will be considerable rate difference between your existing rate and what banks will offer on these external benchmark-linked loans

IDBI Bank offers repo-linked home, auto loans at interest rates from 8.30%

The products -- Suvidha Plus Home Loan and Suvidha Plus Auto Loan -- will be benchmarked to the Reserve Bank of India's (RBI) repo rate and will be available to customers with effect from September 10

Home, vehicle loans and consumption goods to get cheaper: FM Sitharaman

Addressing the media here, Finance Minister Nirmala Sitharaman also said that banks will pass on RBI rate cut benefits to borrowers through MCLR reduction

Should borrowers opt for an RLLR-based home loan over an MCLR-linked one?

A reduction in MCLR is good news for home loan borrowers

Need money urgently? Top-up home loan is cheaper than other products

A borrower can also get a tax deduction if the funds are used for home renovation, purchase or construction