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 →
Income tax: From April 1, 2022, the central government will remove the tax benefit under Section 80EEA for first-time home buyers. In the 2019 budget, the center had announced a supplementary budget ₹1.50 lakh tax benefit for home loan borrowers, who buy their first property by paying stamp duty upRead More →
Buying a home is a dream for most, and a home loan helps make that dream come true. When you apply for a home loan, you must do your homework and then choose after careful consideration. However, despite best efforts, errors may occur. Below, we focus on 5 common mistakesRead More →
With the Reserve Bank of Australia (RBA) set to raise the cash rate as early as August this year, is 2022 the right time for Australians to lock in a fixed mortgage rate, even before further hikes? With possible rate hikes on the horizon, you may be wondering how toRead More →
Amid the spread of the Omicron variant, the Reserve Bank of India (RBI) decided to keep the repo rates unchanged at 4% and the inverted repo rate at 3.35% while maintaining an “accommodative” policy. This is the tenth consecutive time that the RBI has maintained the status quo amid currentRead 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 →
Home loans have never been cheaper in the last decade, and despite the fact that house prices are higher, these rates offer a good opportunity to buy a house. On the other hand, government bonds are now more expensive than mortgages, which may seem odd. However, there is a simplerRead 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 →
Union Budget 2022-23: Among the direct benefits, the 2022 budget could bring potential relief to direct home buyers with an increased limit of interest deduction on home loans for tax refund from Rs 2 lakh to Rs 5 lakh Indian Union Budget 2022: Interest reduction on home loans could giveRead More →
EMI home loan repayment delays can impact the borrower in many ways. Buying a new home is like a dream come true for many of us. But that dream can turn into a nightmare if you delay your home loan repayments. A home loan is one of the cheapest andRead More →
The year 2022 could see mortgage interest rates start to rise again. To cope with an increase in rates or duration of occupancy, do your financial planning carefully Lower interest rates on home loans are always a lucrative proposition for property buyers. Over the past two years, there has beenRead More →
Budget 2022 real estate expectations: The real estate sector saw a strong comeback last year, with home sales in major cities jumping to 90% of pre-covid levels Budget 2022 Real Estate Expectations: The real estate sector saw a strong comeback last year, with home sales in major cities jumping toRead More →
Significant changes to the federal government’s pension loan scheme took effect on January 1 – but replacing the aged pension with an interest-free loan against the value of retirees’ homes is not one of them. The meme shared on Twitter and Facebook (here and here) says the government wants retireesRead More →
The Reserve Bank of India (RBI) kept its key rates unchanged last month. This has helped banks keep interest rates on home loans low. Some lenders have even continued to reduce it further to support the ongoing recovery. Housing Development Finance Corporation, or HDFC, India’s largest housing financeRead 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 →
Here, we talk about three key things to know before selecting a home loan: different types of home loan interest rates, EMI customization options for home loans, and various loan fees. Fixed or floating Banks or housing finance companies (HFCs) usually offer variable rate home loans. Variable rate loans areRead 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 →
Ravi Ujjwal is a 40 year old professional and he has ₹10 lakh surplus in hand. Now he doesn’t know whether to prepay a home loan or invest in mutual funds. In fact, Ravi is not the only staff to have encountered such a situation. There are a large numberRead More →
[ad_1] A coalition that wants voters to decide how Michigan should cap payday loan interest rates got approval of its summary language on Tuesday for a petition to put the issue to the November 2022 ballot . Members of Michiganders for Fair Lending told the Board of State Canvassers thatRead More →
What is refinancing? Refinancing is when a borrower changes their home loan product with one that usually has a lower rate than their existing lender or a new lender. Borrowers typically refinance their mortgages to get a lower rate or update their loan characteristics and terms to keep up withRead More →
To relieve the borrowers, the Reserve Bank of India (RBI) kept the key rates unchanged, i.e. the repo rate and the reverse repo rate. With this decision, there will be no political pressure on banks to raise interest rates on different types of loans such as home loans, car loans,Read 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 →
Business oi-Vipul Das | Posted: Sunday December 5th 2021, 10:02 AM [IST] Canara Bank has unveiled an incredible home loan offer for anyone looking for a low interest home loan. The bank announced that it would provide home loans with low interest rates starting at 6.65% with no processing orRead 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 →
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 →
Kotak Mahindra Bank has announced a new interest rate on home loans of 6.55% per annum for a limited period between November 9 and December 10, 2021 (both days inclusive). Earlier in September, Kotak Mahindra Bank introduced home loan interest rates starting at 6.5% per annum as part of itsRead More →
New Delhi | Jagran brand office: As the holiday season approaches, financial institutions in India are gearing up to offer the best deals on credit products including home loans. Online searches for residential properties hit an all-time high in September 2021, according to a recent study. This is the bestRead 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 →
Since most banks offer the same interest rate for a home loan, there are several options to consider before finalizing the deal. At the start of 2021, the lowest home loan interest rates were around 6.75%, with a dozen other lenders offering 6.95% or less. Home loans had never beenRead 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 →
This week, Housing Development Finance Corp. joined the State Bank of India, Kotak Mahindra Bank and Bank of Baroda to cut mortgage rates on home loans. These rate cuts are offered to both salaried and non-salaried borrowers. Mint takes a look: Should you buy a house because the rates areRead More →
[ad_1] Before you visit your local payday lender, consider the alternatives. If you are looking for a small loan, you might be tempted to use a payday lender. After all, it seems so easy: get in, provide some basic information, and walk away with the cash you need. Payday loanRead More →
It always seems to happen when you least expect it (or want to). Just when you’re ready to step out of the house, mask and face shield in place, excited for the day’s activities, the first drops begin to fall from the sky—ulaaaaaaaanI While it is true that there isRead More →
The maximum amount of the mortgage that you can obtain depends on your solvency and your borrowing potential determined according to the norms and standards of the bank. Here are some of the points that will determine your mortgage amount: 1. DepositUsually, builders require buyers to pay 10-20% of theRead More →