With an aim to increase property ownership among women, the Indian government has put in place several measures to make house purchases more profitable for them. Listed below are some of the monetary benefits … READ FULL STORY
Many people dream of owning their own home. Home loans make this dream a reality by allowing us to spread the cost of buying a home over several years. What is meant by the … READ FULL STORY
Embarking on the journey of homeownership is a significant financial goal for many individuals. While securing a home loan is a common avenue for financing, incorporating a Systematic Investment Plan (SIP) into your financial … READ FULL STORY
In the financial landscape of India, Loan Against Property (LAP) have emerged as a popular and versatile financial tool, allowing individuals to unlock the value of their property for various purposes. Over-The-Counter (OTC) platforms … READ FULL STORY
Buying a home is one of the biggest financial decisions most people make in their lives. For many, it is a dream come true. However, most people require a home loan to make this … READ FULL STORY
Immovable assets help investors generate wealth and act as a safety net during adverse situations. Even though it is an illiquid asset, it can be used to secure loans. Thus, immovable assets act as … READ FULL STORY
An individual repaying their home loan can make up to Rs 5 lakh of their income tax free by showing proof of home loan principal and interest payment. Under Section 80C, the borrower can … READ FULL STORY
Nationalised Bank is a term used financial institutions that are owned and operated by the government. Nationalised banks are also known as public sector banks. Nationalised banks in India in Feb 2024 The number … READ FULL STORY
Payment of the home loan before the mortgage period is known as pre-closure of the home loan. You can opt for a home loan pre-closure for many reasons, such as getting lower interest owing … READ FULL STORY
Applying for a home loan helps finance one’s house purchase or construction. Moreover, having a co-applicant reduces the debt burden and has several benefits, such as increased eligibility and improved credit score. However, while … READ FULL STORY
Homebuyers may often hear about how a repo rate cut by the Reserve Bank of India (RBI) is likely to impact home loan interest rates. They may also hear similar things being mentioned when … READ FULL STORY
February 8, 2024: The Reserve Bank of India (RBI) on February 8, 2024, left the repo rate unchanged at 6.50%. This is the 6th time in a row the banking regular has maintained a … READ FULL STORY
RBI leaves repo rate unchanged for 6th time in a row February 8, 2024: The Reserve Bank of India (RBI) decided to maintain a status quo on the repo rate for the fifth time in … READ FULL STORY
