Page 10 - Home Loans

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

Will your home loan EMI come down after RBI's 25 bps rate cut?

Existing borrowers' EMIs will change only when their reset date arrives. New borrowers will benefit

A snapshot of home loans provided by various banks and other details

Here is how home loans rates offered by major banks stack up

Home loans: You can get the best deals even in the MCLR-based regime

Instead of getting disheartened by the central bank's decision to defer the implementation of the external benchmark regime, borrowers should try to make the most of the existing regime

Availing home loan? How to get the right deal for your property purchase

Apart from checks on property and loan eligibility, ensure you have a good credit score before choosing between fixed and floating rates; you might also be eligible for the govt's subsidy scheme

Mortgage guarantee makes home loans accessible but it comes at a cost

Evaluate your ability to repay before opting for it

Home loan rate hike: Beat the rise with balance transfer and prepayment

Shift to a home loan provider offering a lower interest rate; use bonuses, other windfalls to reduce principal outstanding

Opt for home loan balance transfer or prepay to counter rising rates

Depositors should invest in short-duration fixed deposits now so that they can roll them over at higher rates in the near future

Avoid over-leveraging with loan against property: All you need to know

While interest rates are more attractive than in a personal loan, don't overlook the risk of losing your property if you default on your EMIs

Home loans may grow 17-19% in FY19 on affordability, govt push: Icra

Overall asset quality indicators for all housing finance firms remained stable with gross NPAs of 1.1% for FY18

A snapshot of home loan charges by different banks

Here's how the home loan fees and terms of top banks and NBFCs stand

Home, car loans to get expensive as SBI, ICICI, PNB, Axis Bank hike rates

Lending majors on Thursday hiked their Marginal Cost of Funds-based Lending Rate (MCLR) by 0.10-to-0.20 per cent, making home and car and other loans expensive.

Shun expensive insurance policies sold with home loans

You will be much better off buying the required plans directly from life and general insurers

Look at effective interest rate on home loan offers

Availing of ICICI Bank's cashback offer will mean you lose the flexibility to switch or prepay the loan

Home loans need a more stable benchmark

Household Finance Committee provides suggestions on how participation of households can be enhanced