Partner content oi-Oneindia Staff | Updated: Tuesday, March 15, 2022, 12:49 PM [IST] Finance Minister Nirmala Sitaraman presented the Union Budget 2022-2023 on February 1, 2022. While presenting the budget in Lok Sabha, she said that this year’s budget will be the foundation for growth and growth. India’s economic expansionRead More →
The implementation of technology has revolutionized business processes in almost every industry and has become an essential strategy for those who wish to succeed in this competitive environment. The home lending space has been relatively untouched by this technological revolution, primarily due to higher note size being a mainstay ofRead More →
Can you get pre-approved for a mortgage multiple times? You bet! You can get pre-approved for a home loan as often as needed. Each pre-approval letter comes with an expiration date. And, once the pre-approval expires, you’ll need a new one to continue house hunting and making offers. In today’sRead More →
Floating rate loans are offered in Estonia based on the six-month Euribor, which according to the latest calculation is at the level of -0.473%. Interest on home loans usually consists of a margin and an Euribor rate. Over the past six years, the Euribor has remained negative, with a floorRead More →
So, you have finally decided to make your long held dream a reality. You have chosen toeventually become the owner. But you don’t have that much money withyou, and you have decided to benefit from a mortgage. Now you fear it will burna hole in your pocket. Well, don’t worry,Read More →
The home loan is usually the largest loan in a borrower’s portfolio. While it helps build an asset, monthly mortgage-like installments (EMIs) can also claim a huge chunk of your salary, affecting your overall budget and making you nervous in the face of uncertainty. It is always useful to repayRead More →
India Mortgage Guarantee Corporation (IMGC) on Thursday announced its partnership with Muthoot Homefin (India) Limited (MHIL) to offer mortgage-backed home loan products to MHIL clients seeking home loans in the affordable housing segment. Muthoot Homefin aims to leverage mortgage collateral as a risk mitigation tool as demand for affordable andRead More →
Reimbursement of the mortgage Death is a sad event which is very unfortunate in life for you as well as your family, and it can become even worse if you are the sole breadwinner in the family. In such a sad event, the payment/EMI of the loan amount is transferredRead More →
Looking to save money in 2022? It might be time to refinance your mortgage. Refinancing your loan can be a great way to save money and boost your budget. According to external refinancing figures released by the Australian Bureau of Statistics (ABS) in October 2021, more than 498,000 Australians areRead More →
[Decoded] What should be the ideal length of your mortgage loan? | Photo credit: BCCL With mortgage rates at an all-time low, this is probably the best time to buy a home. Home loans make home ownership convenient and affordable. If you have decided to buy a property by takingRead More →
Housing Minister Darragh O’Brien has announced an expanded new local authority home loan scheme, increasing eligibility for those who can apply. The new regulations will make it easier for singles to qualify for a state-guaranteed mortgage for a new, used or build-your-own home. A “fresh start” principle also applies, whichRead More →
[ad_1] Financial hitches seem to always creep up on you when your cash flow is less than favorable. So much so that it’s almost like they can sense dwindling savings. Thankfully, online payday loan companies can cover you during those emergencies. They do this by giving you the financial floatRead More →
[ad_1] What causes millennials to turn to payday lending and you will be pawn shops? More millennials are embracing payday lending and pawn shops for the dollars they need – moves that will promote instant savings, but usually result in higher debt. This is based on a new study onRead More →
Question: I took out a home loan for an apartment and paid pre-EMI as well as EMI. I am claiming the pre-EMI refund for 3 years (total pre-EMI interest divided equally over 5 years) as well as a deduction under Section 24(b) and 80C with respect to EMIs paid. NowRead More →
After being in crisis for many years, the real estate sector has started to show signs of recovery. Will rising home loan rates throw a spanner in the works? Rahul Mehrotra, Managing Director and CEO of Religare Housing Development Finance Corporation Limited (RHDFCL), which lends to the low-income segment mainlyRead More →
For someone managing a home loan, this could be one of the best tax-saving tools in their kitty, especially if they’ve exhausted all other tax-saving options. In addition to tax savings, your home loan also allows you to create property that appreciates at the lowest interest rate. While many areRead More →
Owning a home remains one of the fondest dreams of many of us. With mortgage interest rates at a multi-year low, today’s real estate market could be a once-in-a-lifetime opportunity for someone looking to purchase residential property. While home loans are available these days with relative ease, the worry thatRead More →
announced on Saturday that it had a limited-time offer in which home loan interest rates would start at 6.65% per annum. “This offer is applicable to all clients, regardless of loan amount. In addition to the attractive interest rate and fast, hassle-free sanction, the Bank has waived processing and documentationRead More →
While it is possible to take out a 100% home loan, depositing a down payment will reduce the buyer’s monthly payments and increase their negotiating power when it comes to negotiating the mortgage interest rate. However, with the costs of buying a home being as high as they are, manyRead More →
With house prices soaring, it is almost impossible for a person to own a house without taking out a large amount of home loan. In this article, I want to explain why you should buy a separate life insurance policy to cover mortgage liability and how to go about it.Read More →
I have a loan from ??30 lakh, which I took for 10 years at an interest rate of 6.9%. Do I have to prepay part of it? I would forgo the tax advantage on mortgage interest. Hidden name on request It’s always best to pay off debts by making regularRead More →
When you get a home loan, other than the equivalent monthly payment (EMI), you must also pay various fees applicable on this home loan. These fees vary among lenders (banks, housing finance companies, and non-bank finance companies). Additionally, some lenders may charge fees separately while others may bundle various feesRead More →
Housing affordability has risen sharply over the past two years, with home rates falling and loan interest rates falling to their lowest. So, if you are planning to buy a home, chances are you want to get as high a loan as possible. If you are a first-time home buyer,Read More →
Most Indians rely on a home loan to make their dream home a reality. High real estate prices have almost made home loans a necessity for most people in the middle income segment to be able to afford a home of their own. Of course, the tax advantages that accompanyRead More →
Refinancing a home loan consists of taking out a new loan from the same lender or from a new lender on more favorable terms in order to repay the old loan or obtain an additional loan amount as a supplement. How it works: “The borrower has to submit the mortgageRead More →
If you are considering taking out a home loan, now is the perfect time to take the plunge. But don’t forget to have a repayment plan in place to avoid any financial stress later on. Home loan interest rates are at an all-time low with rates starting at 6.4%. TheRead More →
A mortgage loan is essential in helping most of us achieve our dream of homeownership, and preparing for the application process will make your approval easier. In the checklist we have compiled, you will find all the documents you will need to get your mortgage approved hassle-free. Read on toRead More →
SBI Home Loans: India’s largest lender, State Bank of India (SBI), claims to have helped over 30 lakh families achieve the dream of owning a home. The bank says it offers personalized home loans according to individual needs with home loans such as regular home loan, SBI Privilege home loanRead More →
Shikha, 40, mother of two, is an IT professional. She has lived with her parents since her husband died five years ago. She thinks the time has come to buy her own house. She has approached lenders for a home loan and must choose between a fixed rate loan andRead More →
LIC Housing Finance (LIC HFL) on Thursday extended its lowest mortgage rate of 6.66% for the holiday season. Clients can benefit from home loans up to ??2 crores. In July of this year, she announced that she was offering home loans at an interest rate of 6.66% for an amountRead More →
[ad_1] Hotel and restaurant staff top the list of payday loan applicants during the pandemic, new industry data has revealed. Analysis of customer trends Petit-Prêt.com found that staff in the hospitality and leisure industry made the most requests for short-term loans this year, with employees in the industry borrowing anRead More →
Home Credit Group, the consumer lender owned by Czech billionaire Petr Kellner, blamed a loss of € 584m for 2020 on the coronavirus pandemic (COVID-19), but said it was profitable in 2 hours and that it should be again this year. Home Credit recorded a net profit of € 35mRead More →
Listen to this article Home Credit India launched the Ujjwal card which will help its customers to access instant loans. In its official statement, the consumer credit provider said the newly launched card comes with a plethora of benefits exclusive to cardholders. The card can provide an instant limit toRead More →
LONDON, October 22, 2020 / PRNewswire / – Strong points: FICO® Decision Optimizer will help Home Credit Group effectively tackle saturated and growing markets Pilot with targeted loan portfolio in Russia brought a significant improvement in profitability and an increase in volumes The Home Credit Group risk management team willRead More →
Given the strong growth in retail consumer credit, the simplification of loan procedures and the rapid expansion of its network, Home Credit India, part of the Czech Republic-based consumer credit provider Home Credit BV, which started operations in India in 2012, is expected to become profitable in the current fiscalRead More →