Buying an under-construction property with a home loan can be a smart financial move, but it comes with unique tax implications. Unlike ready-to-move properties, tax benefits on an under-construction home are structured differently under … READ FULL STORY
Owning a home is a dream for many, and senior citizens in India are no exception. While financial institutions primarily focus on younger borrowers, many banks and NBFCs offer specialized home loan schemes catering … READ FULL STORY
When you take a home loan, you agree to pay Equated Monthly Installments (EMIs) on time each month. But sometimes, an EMI payment can fail or “bounce.” This comprehensive guide explains an EMI bounce, … READ FULL STORY
When investing in property, individuals are required to pay taxes. However, the property sector also offers tax deduction benefits that can be advantageous to many. For example, while individuals can take advantage of home … READ FULL STORY
Closing a homе loan is a significant milеstonе that brings a sеnsе of rеliеf and accomplishmеnt. Whеthеr you arе a first-timе homеbuyеr or a sеasonеd borrowеr who has gonе through this procеss, it’s еssеntial … READ FULL STORY
Buying a home is a significant financial commitment, and most homebuyers rely on home loans to fund their purchase. One of the key aspects of a home loan is its tenure, which determines the … READ FULL STORY
LIC Housing Finance Limited, a subsidiary of the Life insurance corporation (LIC), started on 19th June 1989. LIC HFL, headquartered in Mumbai, provides long-term financing to people who want to purchase or construct a … READ FULL STORY
One of the most commonly used financial options by people when buying a house is a home loan. These are offered by both banks and non-banking financial companies (NBFCs). While applying for a home … READ FULL STORY
Buying a home is one of the most difficult things to achieve. It is not practically possible for everyone to buy a property by paying upfront. This is where home loan plays an incredibly … READ FULL STORY
February 7, 2025: The Reserve Bank of India (RBI) on February 7, 2025 announced a rate cup of 25 basis points in the repo rate. After keeping it unchanged for 11 consecutive times, the … READ FULL STORY
Under Section 80EEA of the Income Tax Act in India, first-time homebuyers investing in affordable property with the help of a home loans get Rs 1. 50 lakh tax deductions on home loan interest … READ FULL STORY
Home loans and mortgage loans are the most commonly discussed options when financing significant purchases or investments. Although they are often used interchangeably, there are distinct differences between these two types of loans that … READ FULL STORY
If you need money for big expenses, using your home’s value isn’t the only choice. While home equity loans are a common way to get cash, there are other options that might work better … READ FULL STORY
