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 payment. … 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 April 2024 The … READ FULL STORY
Purchasing a house is a major financial decision. Since it involves a large sum of money, finances become a key concern for most home buyers, especially first-time buyers. To enable hassle-free property transactions, many … 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
April 5, 2024: The Reserve Bank of India (RBI) on April 5, 2024, left the repo rate unchanged at 6.50%. This is the 7th time in a row the banking regular has maintained a … READ FULL STORY
April 5, 2024: The Reserve Bank of India (RBI) today maintained a status quo on key policy rate amid signs of better growth and moderating inflation. Announcing the first bi-monthly monetary policy of the financial year 2024-25 (FY25) … 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
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
