Home Loan

Until repo rate cuts begin, borrowers can explore other options to lower their home loan burden

Home loan interest rates are currently at or near peak levels

52 per cent of people prefer apartments, according to Business Standard-Knight Frank report

Terms vary and are influenced by several factors including your creditworthiness, loan amount, profession

Sachin Bansal's Navi Finserv, which has been barred from giving fresh loans, on Tuesday said the Reserve Bank has allowed it to make scheduled home loan disbursals sanctioned before October 20. Earlier this month, the RBI had ordered Navi Finserv to cease and desist from sanctioning and disbursing loans effective from the close of business of October 21 on material supervisory concerns, including usurious pricing. "The Reserve Bank of India (RBI) has allowed Navi Finserv to start making scheduled home loan disbursals, sanctioned before October 20, 2024. The permission has been provided until December 31, 2024," the Bengaluru-based firm said. It further said the decision offers substantial relief to many homebuyers whose home loans were sanctioned before the regulatory action by the RBI and who are awaiting their already scheduled disbursals. Besides Navi, the central bank had put similar restrictions on three other NBFCs -- New Delhi-based DMI Finance Private Limited, Kolkata-based

Compare offers from various lenders on criteria like interest rates, processing charges, tenure, discounts, repayment flexibility

This week we report about how to review a discount home loan and what you need to take up running

The company will raise up to Rs 800 crore from private equity funds to finance the acquisition and fuel its expansion plans

Interest rates depend on the customer's creditworthiness, loan amount, professional background, among other factors

Younger people may invest for they have a longer time horizon, while those nearing retirement might focus on debt reduction

Home loan originations dropped 9 per cent in the June quarter, according to a report released on Monday. From a value perspective, quantum of home loan originations was at par with the year-ago period, the report by credit information company Transunion Cibil said. The outstanding balances on home loans grew only 14 per cent during the quarter, making it the slowest growth across all categories which constitute retail lending, the report said. Interestingly, the decline in origination volumes and the sluggish growth in outstanding balances came at a time when the incidence of non-payment of loans reduced during the quarter, the report said, pointing out that the advances overdue for over 90 days stood at 0.9 per cent in June 2024, showing a 0.32 per cent improvement. "India's retail credit growth moderated in the quarter ending June 2024 as financial institutions tightened the supply of credit, particularly on consumption-led products like credit cards, consumer durable loans and .

More and more Indians are buying apartments rather than living on rent

The dispute stems from a home loan taken by the Madras High Court judge for a partially constructed property that was later demolished

Take a look at the top 20 banks that offer the lowest Interest rates for home loans

A co-applicant may be named as the secondary applicant on the joint home loan but may share same loan repayment responsibilities and benefits that go with a home loan

Completing the home loan closure process involves more than just paying off the loan; it requires careful attention to detail in collecting and verifying essential documents

Seek valuations from several reputable real estate agents to get a clear idea of your property's worth

A top-up home loan's tenure can, in theory, extend up to the residual tenure of the home loan

The unchanged repo rate means there will be no immediate effect on home loan EMIs

Realtors' body NAREDCO on Tuesday suggested that the tax exemption on interest on self-occupied property loans should be increased to Rs 5 lakh in the upcoming budget from Rs 2 lakh currently to boost housing demand amid a rise in housing prices and mortgage rates. Builders also sought some tax incentives to boost demand and supply of affordable homes. NAREDCO noted that under Section 24 of the Income Tax Act, the deduction allowed on interest on loans for self-occupied property is limited to Rs 2 lakh. "Given the rising property prices and interest rates, NAREDCO proposes increasing this limit to at least Rs 5 lakh," the association said in a statement. The realtors' body mentioned that currently the annual value of property held as stock-in-trade and not let out is considered nil for up to two years from the end of the financial year in which the construction completion certificate is obtained. After this period, the notional income is taxed. It suggested that this provision sho