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
The Reserve Bank of India (RBI), for the first time in over four years raised the repo rate, or the short-term lending rate, by 0.25 per cent to 6.25 per cent, on inflation concerns, … READ FULL STORY
Several banks are now offering aggressive home loan products, such as EMI waivers and interest rate discounts, with the aim of converting fence-sitters into home buyers. Among the various types of home loans, fixed … READ FULL STORY
