The third largest private sector lender will waive off four equated monthly instalments (EMIs) each at the end of the fourth, eighth and the 12th year of a two-year loan.
The subscribers of the Employees Provident Fund Organisation (EPFO), will now be able to withdraw up to 90 per cent of their accumulations in their PF account, for purchase of homes. The EPFO has R
The decision to buy or rent a house is a crucial one for your financial and emotional well-being and should be taken after a lot of deliberation. Here are some of the aspects one R
GST will not be charged on completed apartments or on rental income received by a landlord from a tenant for a residential unit. In case of commercial properties on rent, a service charge of 15% is currently levied as service tax. This will be replaced by GST.
The Mi Fan Festival is offering great deals on a wide range of Xiaomi’s products. Flash sale, cash backs, cheaper rates are some of the exciting offers for gadget lovers to enjoy.
Ahead of the Reserve Bank of India‘s (RBI‘s) monetary policy this week, the country’s largest bank, State Bank of India (SBI), on April 3, 2017, reduced its benchmark lending rate by 0.15% to 9.10%, R
Monthly instalments on home loans taken for under-construction houses will attract GST from July. So will land leasing and rented properties, including the currently-exempt residential housing.
The monthly home loan installment (EMIs) will soon come down by almost Rs 2000 if your first home falls in a city or town under the Pradhan Mantri Awas Yojana (PMAY) and if you fall in the income bracket of Rs 12-18 lakh.
It is really important that we do think of the financial implications the house will have on other aspects of our lives.
Banks have their reservations as well. With housing prices going up constantly and banks having a good deal of NPAs, lenders also evaluate the property and the borrower‘s profile before handing out loans.
The final decision will depend not only on the return numbers, but also the qualitative factors such as your mental setup, your financial needs and your current financial health.
Besides checking an applicant‘s eligibility for a home loan, lenders also have certain criteria to ascertain the quantum of home loan that they can grant to the person. Income An applicant‘s income, is R
Pre-payment reduces your interest burden, reduces the tenor of your loan, and ensures long-term savings for you.
While there is one EMI payable to repay home loan, one must take into account the principal and the interest to enjoy tax benefits.
The Indian government has come up with quick fixes to lighten the burden of low cash supply on citizens and encourage staying invested.
The year 2017 has begun on a good note for home loan borrowers, with significant cuts in interest rates being announced by most banks. Experts point out that the reduction in the interest rates, R
Close on the heels of the prime minister‘s new year‘s eve address to the nation, where he announced an interest subsidy scheme, the central government on January 24, 2017, has cleared another similar scheme, R
"The government is committed in its mission to ensure housing for all by 2022. The interest subvention will not only reduce the equated monthly instalment (EMI) burden on the poor but will also help them in further construction or expansion of their current homes," Rural Development Minister Narendra Singh Tomar told PTI.
Your credit history and credit score used to play a decisive role in determining whether you would get a home loan or not and it would stop there. You would get a home loan, R
Speaking to CNBC-TV18 Romesh Sobti, MD & CEO of Indusind Bank said that CV sales in November weren‘t as bad as expected. December wasn‘t as bad as forecast.
The substantial cut of 0.90% by the State Bank of India in its marginal cost of funds-based lending rate (MCLR), has created a lot of interest amongst the general public and borrowers, in particular. R
E-commerce major Flipkart today said it saw the highest number of shoppers on its platform coming from the national capital region this year.
Choosing the right lender, and subsequently looking out for ways to reduce the burden of the home loan through lower interest rates, is crucial.
For most people, a house is a one-time purchase. Consequently, buyers often tend to overstretch themselves financially, to invest in the best property they can buy. Considering that investing in a house, is perhaps R
Credit scoring is only a little over 15 years old in India and is still shrouded in some amount of misinformation and mystery.