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 →
If you are considering buying an affordable home by taking out a home loan, make sure your loan is sanctioned by March 31, 2022. This is because the additional tax deduction available for affordable housing under Section 80EEA of the Income Tax Act 1961 will not be available from 1Read More →
NEW DELHI: The Union Budget 2022-23 announced by Finance Minister Nirmala Sitharaman has allocated Rs 48,000 crore to Pradhan Mantri Awas Yojana (PMAY). It also allowed for faster approvals for affordable housing in urban areas. EU budget 2022: full coverage She also announced the establishment of a high-level panel ofRead More →
Although demand for housing has increased in recent months, given the current state of real estate and in an effort to give new impetus to buyer sentiment, a lot needs to be done. The Modi government is striving to provide “housing for all” by 2022. However, this still seems likeRead More →
In India, when traditional households think of investment, they think of real estate, gold or mutual funds. It is therefore no surprise that the real estate sector in India is expected to reach $1 trillion in market size by 2030 from $200 billion in 2021 and contribute 13% to theRead More →
Tribune press service Vijay C Roy Chandigarh, January 28 For individuals, expectations of the budget are always high, as they are dedicated taxpayers and an important force in nation building. As the pandemic has put pressure on their incomes, individual taxpayers expect some relief on the personal income tax front.Read More →
Currently, one third of India’s population resides in cities and it is estimated to reach 50% by 2030. There is a steady increase in the number of households with a transition to nuclear families and increased urbanization. The 66% of the young population – under the age of 35, areRead 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 →
With the Care360 subscription, members enjoy unlimited tele/online medical consultation, cashless OPD, online pharmacy and quality diagnostic service. Home Credit India, a local arm of the international consumer credit provider, today offers affordable protection to everyone – the Care360 healthcare service with supplementary insurance in partnership with DocOnline. Care360 isRead 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 →
A key benefit of this deduction is that you don’t have to wait for possession to start claiming it. TopicsReal estate loan | Tax deductions In the 2021 Union Budget, the government extended for one year the additional tax deduction of Rs 1.5 lakh on interest paid on home loansRead More →
What upset this balance in the markets? First, demand and supply. The government has been a heavy borrower – for good reason – since the Covid-19 crisis hit. As revenue came under pressure and expenditure soared, the government borrowed over Rs 12.8 lakh crore in FY21, Rs 12 lakh croreRead 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 →
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 →
The Reserve Bank of India (RBI) kept its key rates unchanged last month. He helped banks keep mortgage interest rates low. Some lenders even continued to reduce it further to support the ongoing recovery. Housing Development Finance Corporation, or HDFC, India’s largest housing finance company, offers home loans at interestRead More →
The Bank of Maharashtra (BoM), one of the country’s leading public sector banks, cut home and car loans to 6.40% (previously 6.80%) and 6.80% (previously 7 , 05%) as part of the “Retail Bonanza-Festive Dhamaka” offer from December 13, 2021. The rate of the “Retail Bonanza-Festive Dhamaka” offer is linkedRead More →
The first quarter of 2021 started off on a promising note, with the average note size for home loans climbing to Rs 28.43 lakh from Rs 27.74 lakh in the previous quarter. Demand for home loans has picked up after the lockdown and the easing of restrictions, while the averageRead 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 →
Who is eligible for the tax deduction? A person who buys a new house for resale or letting can claim exemption from mortgage tax under Sections 80C and 80EEA of the Income Tax Act 1961. If you are a co-owner or co-borrower, you can also claim tax benefits. Maximum taxRead More →
Isn’t owning your dream home one of the most cherished dreams we all tend to have as soon as we start making money? Surely that is at the top of our priority list of financial goals, right? But we are rarely able to match our actions with it. And whatRead More →
The chances of a further rate reduction are very low. However, mortgage borrowers should not ignore the possibility that rates will rise from current levels. Since rate transmission is now fluid, any rate increase by RBI will immediately impact their mortgage rate. Any increase in mortgage rates will increase theRead 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 →
By Sudhir Kaushik from Taxspanner.com Vijay Sharma, a professional software based on Noida, pays a high tax because it does not claim all the tax deductions it has. Taxspanner estimates that Sharma can reduce his tax by over Rs 82,000 if he opts for a home loan, invests in theRead 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 →
Have you taken out a home loan from these sources? You will not get benefits under section 80C Highlights Under section 24b of the Income Tax Act, one can claim a deduction of up to Rs 2 lakh on interest paid on a home loan. These tax benefits are onlyRead 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 →
Many of us borrow, that is, take out a private loan, from our relatives and friends to help us through difficult times. Some even take out private home loans instead of going to financial institutions like banks, NBFCs, and housing finance companies. However, did you know that unlike a homeRead More →
As your income increases, you can consider ways to speed up your home loan repayments to get out of debt faster. Home loans can be granted for terms of up to 30 years. Often, borrowers prefer the longest term possible based on their eligibility. This minimizes the EMI pressure onRead 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 →
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 →
New Delhi, May 13 (IANS) Home Credit India is supporting its employees with a series of financial and medical assistance measures that ensure the lives of employees and their families are saved. Home Credit India has set up a Covid task force made up of proactive and willing employees whoRead More →
New Delhi, Delhi, India: Celebrate the festive season of Navratri, Ougadi, Gudi Padwa, Vaisakhi, Pohela Boishakh with simple, transparent and accessible financing options from Home Credit Get quick and easy loans with Home Credit’s Ujjwal Card for instant limit on loans Commencing the spring festiveRead More →
NNA | Update: February 10, 2021 12:25 p.m. STI New Delhi [India], Feb. 10 (ANI/BusinessWire India): This Valentine’s Day shows some love and makes your loved ones feel special, because now is the time for hope, reassurance, good health and well-being. Offer them a diverse range of innovative products andRead More →
India being a land of festivals and mythological legends, sees various festivals in different parts of the country. As we all come together to start the year with the Lohri, Pongal and Makar Sankranti festivals in hopes of rebuilding a healthier world, Home Credit India, a local branch of theRead More →