Until a few decades ago, Indians were generally averse to taking loans to buy or construct their homes and would use their retirement funds for the same. However, with increasing urbanisation, easy availability of … READ FULL STORY
It is a big financial decision to buy your first home. A hasty decision can easily ruin all your financial goals in life. So, it is always wise to take a planned step and … READ FULL STORY
A home loan has to be repaid during its tenure, by way of equated monthly instalments (EMIs). The amount of the EMI, as the name suggests, remains the same throughout the tenure of the … READ FULL STORY
A home is perceived as a tangible, prudent and relatively safe investment instrument that provides vital security and stability. The huge housing shortage in the country, increasing number of nuclear families and rising population, … READ FULL STORY
In a letter to Prime Minister Narendra Modi, a pan-India home buyers’ pressure group, ‘Fight for RERA’, has said that for projects that are delayed for more than five years, banks should be ready … READ FULL STORY
Due to the low credit off take and a high risk of non-performing assets (NPAs) in lending to the corporate sector, banks and financial institutions have taken recourse to lending in the home loan … READ FULL STORY
The third-largest private sector lender, Axis Bank, has announced a new home loan product, wherein the bank will waive off four equated monthly instalments (EMIs) each, at the end of the fourth, eighth and … READ FULL STORY
Close on the heels of the prime minister’s new year’s eve address to the nation, where he announced an interest subsidy scheme, the central government on January 24, 2017, has cleared another similar scheme, … READ FULL STORY
