The concept of fixed and floating rates of interest is important to understand when investing or borrowing money. The real estate market is an important financial sector globally, and to invest or purchase a … READ FULL STORY
August 10, 2023: In a move that will help home loan borrowers in India, the Reserve Bank of India (RBI) has decided to usher in greater transparency in the EMI (equated monthly instalment) resetting process … READ FULL STORY
Amid the Reserve Bank of India increasing the repo rate, home loans in India have become more expensive in 2023. While nearly all banks have implemented this rate hike in their home loan interest, … READ FULL STORY
It is wiser to opt for a loan to meet large financial expenses, such as a wedding, home renovation or any emergency expense, rather than depleting your hard-earned savings. Applying for a loan from … READ FULL STORY
With loans currently priced below the 7% level, it might be an ideal time for home buyers and investors to purchase real estate. Property prices have also seen a correction, as compared to the … READ FULL STORY
Not all borrowers prefer floating interest rate home loans. This is because rates continue to change throughout the course of the loan tenure. Even though there is scope for the EMI outgo to reduce, … READ FULL STORY
Buying a property is not just about paying the money and taking possession of the unit. The process and the documentation involved in the transaction, is complicated and is often beyond the comprehension of … READ FULL STORY
Prior to the disbursal of the home loan amount, the borrower is required to sign and execute the loan agreement. The loan agreement regulates the terms and conditions of the loan facility being provided … 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
While economic indicators were signalling an upward trend in the interest rates up to a few weeks ago, the Reserve Bank of India (RBI) chose to maintain a status quo on key policy rates, … READ FULL STORY
Home loan interest rates are gradually escalating across banks. In the last monetary policy meet, on October 5, 2018, the RBI had maintained a status quo on key rates but indicated that it might … READ FULL STORY
A Supreme Court bench of chief justice Ranjan Gogoi and justices SK Kaul and KM Joseph, on October 8, 2018, asked the Reserve Bank of India (RBI) to communicate, within six weeks, its decision … READ FULL STORY
Home loans have become an invaluable tool, for most people looking to buy a home. However, the process can turn into a nightmare, if the borrower commits certain mistakes while applying for the loan. … READ FULL STORY
