Private lender Yes Bank has announced a significant cut in home loan interest rates. Yes Bank, which currently provides home loans with interest rates ranging from 8.95% to 11.80%, will now provide loans at … READ FULL STORY
Considering that home loans are currently priced below the 7% per annum level, buyers may find it lucrative to purchase a property through housing finance. Easy availability of housing stock in the resale market, … READ FULL STORY
A question that many home seekers find difficult to address, is whether they should purchase a house or stay in a rented apartment. In the post-pandemic scenario, many families have realised the benefits of … READ FULL STORY
It takes years of financial discipline and diligent planning, to be finally able to repay a home loan, which typically has a tenure of between 10 and 30 years. Owing to this huge liability, … 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 interest rates at their lowest level and the property market holding on to affordable rates, this is probably the best scenario for serious home buyers. However, many prospective buyers are still in a … READ FULL STORY
There are several benefits to buying a property in a woman’s name, either as the sole owner or as a joint owner, with governments and banks offering several sops. “Aspiring home buyers can seek … READ FULL STORY
Record low interest rate on household savings, high unemployment rate and rising inflation levels, have added to the existing woes of home buyers in India, who are now battling with much higher debt-to-income (DTI) … READ FULL STORY
In the real estate sector, women have traditionally been perceived as influencers and not decision makers in the home-buying journey. However, the pandemic has made people realise the value of owning a home, over … READ FULL STORY
Home buyers may often find real estate developers helping them with housing finance, through their tie-ups with financial institutions. However, when this home loan is being co-lent by a bank and a housing finance … READ FULL STORY
While it is convenient to assume that low interest rates on home loans will prompt the fence-sitting home buyers to make property purchases, the fact is that interest rates are only the third criterion … READ FULL STORY
As Maharashtra enters a ‘semi-lockdown’ situation, amid record-high Coronavirus infections nationwide, the construction sector is also facing an impact. Developers are once again dependent on virtual marketing efforts and serious home buyers are keen … READ FULL STORY
Homebuyers will have to necessarily demonstrate monetary prudence once the long cycle of equated monthly installment (EMI) payment starts. Since home loans are typically taken for a 20 or 30 years tenure, it would … READ FULL STORY
