If you are looking to buy a home and are concerned about the tax and interest rates, you should take a look at what a joint home loan offers. Taking a joint home loan eases the burden of debt and also allows you to opt for a higher amount of loan. But first, you must read on to know the benefits of taking a joint home loan and who all can opt for it.
RBI Monetary Policy explained: Time for number crunching may again have arrived as Reserve Bank of India prepares to announce its bi-monthly Monetary Policy Statement on Thursday (June 6). The policy affects our finances. Due to technical jargon, Monetary Policy Statement is often hard for most of us to understand. Here's an explainer.
A home is a place where you not only nurture your family and make memories for a lifetime, but is also an asset that adds to your net worth and offers security. Since property prices are skyrocketing, it may be difficult to acquire a home with your savings alone. To help you take a step closer to your dream home and buy or construct it conveniently, lenders offer an excellent financial solution in the form of a home loan.
State Bank of India (SBI) has increased the lending rate by 20 basis points across all tenors up to three years.
Before you go about the process of availing a home loan, it is important that you check your CIBIL report and understand it. Your report is based on your credit history over the last 36 months.
Availing the right home loan is not as easy as it appears. It seems to every individual that banks and financial institutions are eager to lend you money to buy a house property of your own, but getting a home loan sanctioned can be a tedious task.
The Reserve Bank of India (RBI) had introduced the MCLR system with effect from April 1, 2016 on account of limitations in the base rate regime.
When you give a thought about your financial health, it may make more sense to consider both the options of accelerating mortgage payments and making investments with the remainder.
Personal loan is the best for tackling emergency situations in the easiest way
Home loans will be available at a rate of 8.30 per cent while automobile loans can be availed at a starting interest rate of 8.70 per cent, SBI said.
The move is aimed at bringing transparency in loan pricing and ensure that the benefits of change in policy rates are passed on to borrowers.
Taking a cue from its larger rivals, private sector lender Axis Bank today announced a rate cut of up to 0.30 per cent for home loan borrowers
As per the new rates, salaried women borrowers will get home loans at 8.35 per cent and others at 8.40 per cent for loans up to Rs 30 lakh
Loans approved or under consideration as on January 1 will be eligible for the interest rate subisdy on home loans
Following the announcement by SBI slashing interest rates on home loans by 15 basis points to 9.15 per cent, a six year-low, private lenders including ICICI Bank and HDFC are also set to reduce the home loan rates by up to 0.20 per cent.
Bringing cheers to the prospective home buyers, State Bank of India (SBI) has cut home loan rates to 9.1% -the lowest in six years -as part of a festive scheme.
New Delhi: State Bank of India has lowered its lending rate for home loans to 9.45 per cent and further to 9.4 per cent for women customers following implementation of a new interest rate calculation
New Delhi: The Reserve Bank of India today slashed its short-term lending rate by 25 basis points in its bi-monthly monetary policy review. After the cut, the repo rate will decline to 7.25 per cent
Mumbai: State-run Bank of Maharashtra on Friday trimmed its base rate by 25 basis points to 10 per cent, effective Monday, following its larger peers, which will bring down the cost of home, car and
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