Many financial institutions offer special home loan products catering to women and senior citizens. These loans often come with benefits like lower interest rates and reduced processing fees, making it easier for these groups … READ FULL STORY
Margin money in home loans is the amount that a borrower pays as down payment. While buying a property, the portion of the total cost that has to be financed from the buyersโ own … READ FULL STORY
RBI leaves repo rate unchanged for 6thย time in a row February 8, 2024: The Reserve Bank of India (RBI) decided to maintain a status quo on the repo rate for the fifth time in … READ FULL STORY
Finances are the first step towards real estate investment, be it home buying or home building. However, a common confusion for home finance borrowers are the terms home loan and home construction loan. ๏ปฟ … READ FULL STORY
If you have applied for a home loan at Axis Bank, you can track the status of your home loan application online, on the Axis Bank website. You can also check the status of … READ FULL STORY
Amid the Reserve Bank of India increasing the repo rate, home loans in India have become more expensive in 2023. ย While nearly all banks have implemented this rate hike in their home loan interest, … READ FULL STORY
Which are the banks from where borrowing would make better sense for women home loan applicants? As the interest rates will always be the single-biggest influencer in driving the decision of a woman borrower, … READ FULL STORY
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented โAmrit Kaalโsโ first Union Budget before the Parliament on Wednesday, the 1st of February. The union budget for 2023 is expected to … READ FULL STORY
The MCLR serves as a benchmark rate or reference rate inside the financial organisation. The methodology for determining the bare minimum interest rate on a mortgage loan is defined by reference to the marginal … READ FULL STORY
Historically, every festive season has been a time of optimism and hope for Indian real estate, even though actual numbers may not back the pre-festive bullishness. After all, real estate is a sentiment-driven business … READ FULL STORY
HDFC hikes rates by 25 basis points Days after the RBI increased the repo rate by 50 basis points to bring it at 5.40%, HDFC has announced a 25-basis-point increase in its retail prime … READ FULL STORY
Public lender Punjab National Bank (PNB) has increased its repo rate-linked home loan interest rate to 7.90% from the previous 7.40%, with effect from August 8, 2022. The announcement by the New-Delhi-based lender was … READ FULL STORY
Effective July 11, 2022, Union Bank of India has increased its repo rate-linked home loan rate to 7.70%. The public lender joins the league of financial institutions that have increased home loan interest rates … READ FULL STORY
