Principal amount in home loan
The amount that a lender gives to a borrower is known as the principal amount. This principal amount added with interest and is the final amount to be paid to the lender on time. … READ FULL STORY
Home Loans
Tag: interest
Personal Finance
How to withdraw money using your credit card?
Credit card is a bank-issued instrument, which has a pre-set credit limit and can be used for cashless transactions. While it is primarily used for cashless transactions, you can also transfer money from credit … READ FULL STORY
Home Loans
How is a loan against property different from a home loan
A home loan is taken for the purpose of either buying a ready-to-move-in house or for the purpose of booking an under-construction property. Home loans are available for residential, as well as commercial properties. … READ FULL STORY
Home Loans
Home loans: Longer tenure ones are the best bet
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
Taxation
Completion of construction and its importance under income tax laws
There are a number of income tax provisions, which link the benefits with the time taken to complete the construction of one’s property. Deductions pertaining to repayment of the principal component of a housing … READ FULL STORY
Current News
SC asks Supertech to deposit Rs 10 crores, to pay interest to home buyers
A Supreme Court bench of chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on February 20, 2018, directed real estate firm Supertech Ltd to deposit Rs 10 crores more with its … READ FULL STORY
Current News
SBI cuts interest on home loans above Rs 75 lakhs, by 10 bps
Close on the heels of the Reserve Bank of India’s (RBI’s) policy action, India’s largest lender, State Bank of India, on June 9, 2017, announced a lowering of interest rates by 10 basis points, … READ FULL STORY
Current News
Deposit interest or property may be attached: SC warns Unitech
The Supreme Court, on April 24, 2017, directed real estate firm Unitech to deposit 14 per cent interest on Rs 16.55 crores invested by 39 home buyers at its project in Gurugram, by May … READ FULL STORY
Property Trends
Common real estate payment plans for homebuyers
Buying a home is one of the biggest financial commitments in a person’s life, and understanding how to manage the payment for it is crucial for making the right choice. In India, homebuyers are … READ FULL STORY
Current News
Deposit 14% interest on 39 home buyers’ money: SC to Unitech
Slapping a penalty on Unitech Resorts for delaying handing over of flats, the Supreme Court on February 20, 2017, directed it to deposit 14% interest on Rs 16.55 crores, invested by 39 home buyers … READ FULL STORY
Taxation
Tax benefits: Ready-to-occupy scores over under-construction property
Often people pick booking under-construction properties over ready houses because of their lower rates. However, they do so without realising the risks involved; both, the income tax and financial implications. This feature deals with … READ FULL STORY
