The victim's father alleged harassment by the finance company and based on his complaint a case has been registered. However, the lender company claimed that it followed legal procedures for the seizure and had informed the family in advance.
A top-up home loan is ideal for those who need extra funds beyond their existing home loan, as it is more cost-effective and convenient. Here's why it is a smart choice for borrowers.
After the loan rate hike, the overnight MCLR has gone up to 9.15% from 9.10%, while the one-month MCLR has moved up to 9.20% from 9.15%. Moreover, the three-year MCLR, on the other hand, has increased to 9.50% from 9.45%.
Make smarter choices by simplifying the home loan process with quick EMI calculations.
Home loans are financial products that allow individuals to borrow money from banks or financial institutions to purchase, construct, or renovate a residential property.
Lenders evaluate multiple factors when reviewing home loan applications. If an applicant fails to meet any of the required eligibility criteria, the application may be rejected.
The Bank of Baroda said it has hiked its 3-month MCLR from 8.45 per cent to 8.50 per cent, its 6-month MCLR from 8.70 per cent to 8.75 per cent, and the benchmark 1-year MCLR from 8.90 per cent to 8.95 per cent. It is a 5 bps hike on each tenure.
Apart from home loans, credit cards, non-food bank credit, industries and agricultural activity loans saw a year-on-year growth in May 2024. However, the personal loan segment growth has moderated.
In response to rising inflation, the central bank has increased its repo rate by 250 basis points since January 2022, impacting affordability and increasing EMI burdens by 14.4% since then.
Even if you don’t have a pre-approved offer, you can still get approval within minutes. Best of all, you can use it without any restrictions as well. T
All banks give loans only after seeing the CIBIL score. A good CIBIL score certainly helps in availing the required bank loan, on the other hand, banks are hesitant in entertaining loan request of individuals having a poor CIBIL.
The credit score plays a critical role in getting home loans amid rising rates. So, before applying for a home loan, it is important to assess your borrowing capacity and ability to repay.
Before making a decision, investors must consider all aspects such as budget, connectivity, rent, maintenance, operating costs, tenant availability, and market conditions.
Real estate used to be limited to residential outskirts, but proptech, the growing economy, and the revolution have shifted the equation. Now, commercial real estate is at the frontlines with several potentials for its owners.
If you've always wanted to own a home, real estate is the most straightforward and trouble-free investment option. It is no longer thought that one must be well settled before purchasing a home.
HDFC hikes lending rate: This is the fifth hike effected by HDFC in two months. In all, the rate has increased by 115 basis points since May this year.
RBI's decision to hike the repo rate sets the stage clear for banks, housing finance companies and other lenders to hike the interest rate on all kinds of loans including home and auto.
The upward revision in interest rates by HDFC, PNB and ICICI Bank follow an off-cycle rate increase by the Reserve Bank in May.
The average ticket size of a home-loan of young borrowers has continued to increase over the last 5 years, with a CAGR of 6.2 per cent. The ticket size continues to increase more for women than men.
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