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Housing finance companies are offering home loans at competitive interest rates starting from 7.49% and flexible repayment options.
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A small rate gap of 0.25–0.5% usually doesn’t justify the hassle of moving to a new lender. A bigger rate difference of 0.75% or more—can make refinancing worthwhile,
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They offer lower interest rates than personal loans, but you risk losing your property if you default.
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Exploring if and how you can simplify multiple home loans into one repayment plan.
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The RBI's repo rate cut benefits home loan borrowers, allowing reduced EMIs, creating a dilemma: shorten the loan tenure or put the interest saved into equities. Financial advisors weigh in on the pros and cons of each option, considering individual financial goals and risk appetite.
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Despite the wafer-thin margins in home loans, LICHF’s profitability improved with the lender posting an ROA of 1.83% in FY25 -- the highest in the last decade.
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From increased eligibility to tax benefits, joint home loans provide several financial benefits to co-owners and couples
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Growing the retail book was the only option available to Yes Bank after being placed under a moratorium, says Kumar. The bank opted for a safer but less rewarding path to avoid imposition of the prompt corrective action by the RBI.
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Retaining the EMI at current levels and shortening the tenure will result in significantly higher savings on interest outgo, compared to EMI reduction, say industry watchers.
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The Reserve Bank of India cut its repo rate by 25 basis points to 6%,from 6.25%. Developers and homebuyers have welcomed the move, saying that lower interest rates will drive sales in the affordable housing segment.
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Home loan borrowers will see their total interest payable and loan tenures shrinking significantly after today's 25 bps repo rate cut by RBI
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Some public sector lenders offer home loan rates starting at 8.1 percent and a 25-bps repo rate cut could bring these below 8 percent.
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If both partners fall in the 30 percent tax bracket, their combined annual tax savings could be approximately ₹2.1 lakh.
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The RBI proposes to extend the additional factor of authentication (AFA) requirement to international digital payments made to offshore merchants
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The year-old startup connects homebuyers with financiers, including banks and NBFCs, for accessing home loans. It has also tied up with the Delhi Development Authority (DDA) to assist homebuyers
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Budget 2025-26: Home loan borrowers hope the Union Budget will enhance tax benefits to make home ownership more affordable. Their demands also include higher deductions under Sections 80C and 24B, among others.
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Home Loan Festive Offers: Diwali sparks new beginnings, and several banks are offering attractive home loan deals. Top 15 banks are offering interest rates ranging between 8.35% and 8.7% for a Rs 75-lakh loan for a 20-year tenure.
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Banks offer lower interest rates to borrowers with high credit scores, as their repayment track record is reliable. Borrowers with lower credit scores end up paying higher rates, as lenders see them as riskier customers
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Union Bank of India, Bank of Baroda and State Bank of India offer interest rates between 8.35 and 8.5 percent on a home loan of Rs 75 lakh for a tenure of 20 years.
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While addressing shareholders at the first annual general meeting (post listing) on Friday, the company's MD and CEO Hitesh Sethia said, "We are also in advanced stages of launching Home Loans, which have been rolled out in Beta mode, and other products such as Loan Against Property and Loan on Securities are in the pipeline".
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The mortgage lender, which got its shares listed on December 20 last year, said its assets under management rose to Rs 6,509 crore at the end of June. The company, which is active in the affordable housing space, operates out of 236 branches in 15 states.
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Several economists expect the Monetary Policy Committee to change its stance to Neutral in October, and start the rate cutting cycle from December. Existing borrowers will have to contend with higher interest rates for a few more months.
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India Mortgage Guarantee Corporation's chief distribution officer also said that customers shopping around for and transferring home loans to new lenders offering lower rates in a high-interest regime is a natural phenomenon.
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Existing home loan borrowers who are servicing loans at higher interest rates can look to make lump-sum part-prepayment, increase their EMIs, switch to other lenders or negotiate with their existing lenders to bring down the overall interest burden
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If you are closing towards retirement and still have a reasonable chunk in outstanding loans, then going for the prepayment would be wiser, at least in the current markets.
