Home Loan

Good News! HDFC Bank revises its home loan interest rate, these customers to get benefited

India's one of the largest private lenders HDFC Bank has revised its home loan interest rates, right after SBI and RBI slashed their MCLR rate and repo rate respectively. This change has come into effect from August 14, 2019.  With this reduction in interest rates, home loan EMIs at HDFC Bank has become cheaper. Among all who are willing to apply for a home loan, salaried women would enjoy most benefits.

Want to buy a home? Go for joint home loan, here are the benefits

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 Statement: How it may affect your finances

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.

5 must note things when applying for a home loan

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.

Home, auto loans set to get costly as SBI hikes benchmark lending rate by 0.2 per cent

State Bank of India (SBI) has increased the lending rate by 20 basis points across all tenors up to three years.

Want a home loan? Here's how a good CIBIL can be helpful

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.

How to reduce impact of higher interest rate on home loan

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.

EMIs on home, car loans to go higher as SBI, ICICI, PNB hike MCLR

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.

Should you invest money or put it toward your home loan

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.

8 Things You Should Consider When Taking Personal Loan

Personal loan is the best for tackling emergency situations in the easiest way

Getting Out of Home Loan EMI Woes

SBI’s home, vehicle loans get cheaper as lender announces 5bps cut in interest rates

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.

Loan pricing: RBI moots market-based benchmark; may end banks’ discretion in fixing rates

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.

After SBI and other rivals, Axis Bank cuts home loan rates to 8.35 pc

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

HDFC, ICICI cut interest rates, match SBI’s 8.35 pc for home loans up to Rs 30 lakh

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

Home loan EMIs get Rs 2,000 cheaper under Pradhan Mantri Awas Yojana. Read how

Loans approved or under consideration as on January 1 will be eligible for the interest rate subisdy on home loans

After SBI, ICICI and HDFC all set to cut home loan rates by up to 0.20 pc today

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.

Good news for home buyers! State Bank of India cuts home loans to lowest in 6 years

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.

SBI cuts home loan interest rate to 9.45 %

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

Know how repo rate cut may reduce your EMI

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