Thu, Apr 04, 2024
RBI monetary policy repo rate, RBI MPC meeting highlights: RBI Governor Shaktikanta Das announced the MPC's decision, based on a 5:1 vote, to keep the repo rate—or the key interest rate at which the central bank lends short-term funds to commercial banks—unchanged at 6.5 per cent. This is the first MPC meeting of the financial year 2024-25 (FY25).
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Wed, Apr 03, 2024
A floating interest rate refers to an interest rate that changes depending on market conditions. This form of interest rate is based on the base rate supplied by numerous lenders, and once the base rate changes, the interest rate is immediately revised. On the other hand, a fixed interest rate loan has an interest rate that does not change during the loan's duration. This enables the borrower to precisely forecast future payments.
Home loan Prepayment: One of the most tested and effective strategies to reduce your interest on principal is prepayment. It may be in the form of paying one extra EMI every year or paying a 10 per cent higher EMI every year. Know how you can use these tactics to reduce your home loan repayment substantially.
Fri, Mar 27, 2020
EMI Payment Waiver: Realtors have welcomed the RBI's decision of a 3-month moratorium on the term loan EMI payments.
EMI payment waiver: RBI has permitted all lending institutions to allow a 3-month "moratorium" on payment of installments on term loans.
Sat, Feb 22, 2020
Home Loan Calculator: A home loan borrower in income tax slabs 2019-20 can claim tax rebate available under Section 80C, Section 24b and Section 80EEA.
Wed, Feb 19, 2020
New income tax slabs 2020 allows a taxpayer to claim the standard deduction on house rent being paid in the assessment year, says Money Bill 2020.
Sat, Feb 01, 2020
Budget 2020 Expectations: Finance Minister Nirmala Sitharaman is a few hours away from tabling the second Union budget (#BudgetOnZee) in the Parliament.
Thu, Jan 30, 2020
Home Loan Benefit: A home loan borrower must know the income tax rebate available under Section 80C, Section 24b and Section 80EEA.
Wed, Jan 29, 2020
SBI Flexi Home Loan offers customers the option to pay only interest during the moratorium (pre-EMI) period. This is helpful as the customers who cannot afford high EMIs may have the facility for a lower EMI payment
Mon, Dec 16, 2019
The credit score of a person reflects one's credit history, which is decided by the financial transactions done by the person.
Tue, Dec 10, 2019
Income tax outgo can be saved by an earning individual if he or she takes advantage of these tips and thereby save money.
One day after SBI interest rate was cut by 10 bps, HDFC Bank too has reduced its interest by as much as 15 bps, which is applicable from 7th December 2019.
Thu, Dec 05, 2019
Know about the 5 ways to get Cheap Home loan.
Fri, Nov 29, 2019
Getting Home Loan benefits is one of the most critical of aspects that a home buyer should look at to save money. For that, she or he should look at EPFO account as well income tax exemptions.
For homebuyers, there are a lot of things to worry about, not least, arranging the hefty money required. However, there is one mistake that they must avoid.
Thu, Nov 28, 2019
Homebuyers generally go for the home loan while buying their dream home. However, they need to know one thing that taking a loan is fraught with danger.
Wed, Nov 27, 2019
Home loan applicants should not allow all EMIs put together to go beyond 30 per cent of their net income, say experts.
Thu, Nov 14, 2019
The Managing Director of SBI retail banking PK Gupta has said, Recession has not affected retail banking.
Wed, Oct 09, 2019
Real estate has been witnessing tough times in the recent few years as the housing sales have been witnessing stress and unsold inventories have piled up at various developers.
Sun, Oct 06, 2019
The Reserve Bank of India, recently, brought a cheer for people planning to buy a home or automobile by reducing the interest rates for the fifth time this year.
Sat, Oct 05, 2019
According to the Ministry of Housing and Urban Ministry, the new interest rate is effective from October 1, and this rate will remain effective for one year.
Tue, Oct 01, 2019
ICICI Bank MCLR Rate: The ICICI Bank has announced Dussehra gift for its account holders as the bank has reduced MCLR by 10 basis points.
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