Page 6 - Home Loan

Planning to take home loan? This is good time to explore fixed-rate option

Interest rates on home loans are at historic lows currently

Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI

RBI has directed the banks to link floating rates on housing loans to external benchmarks

Relief for home buyers as subsidy for middle-income group gets extension

The Credit Linked Subsidy Scheme will reduce your outstanding loan amount, and hence EMIs, right from the start of the loan tenure

Why the three-month moratorium on your home loan EMI may not be a good idea

Many lenders also advised borrowers not to make use of the moratorium offer in case they were in a position to pay their instalments on the due date

Planning to take a home loan? Step-up is a good option in difficult times

Real estate prices are reasonable. Loan rates are also affordable - as low as 7.9 per cent for certain banks

YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank

If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank

Housing finance has key role in making India $5 trn economy: Keki Mistry

For the housing sector, the authorities are aware of the strong linkages it has with the economy.

Planning to take a home loan? Don't choose lender on interest rate alone

Watch out for other charges like foreclosure fee

Existing home loan borrowers must move to external benchmark loans

Yes, there will be some cost, but it will be limited to administrative and legal expenses

Top headlines: BSNL clears Rs 1,700 cr dues, EMIs to come down, and more

The country's largest lender State Bank of India (SBI) on Monday announced reduction in its external benchmark-based rate by 25 basis points to 7.80 per cent from 8.05 per cent

Should you choose lower EMI or lower interest rate while taking home loan?

Besides comparing interest rates offered by different players, also compare the processing fee, as this will make a difference to the total cost of your loan

Seven reasons why you should go for a joint loan to buy property

Besides increasing the eligibility, tax benefits will also double

Planning to take loan against property? Go for overdraft option to cut cost

Interest has to be paid only on the amount used

SBI prices home loans at 265 bps over repo rate from October 1

SBI also said that a 5 bps concession will be given to women borrowers under each category of loans.

SBI to use repo rate as benchmark to price MSME, retail loans from Oct 1

Also, link pricing credit to Medium units to the repo rate

Switching to repo-linked home loans? Five things you need to know

You will gain from their transparency

Explained: Is SBI repo-linked home loan product good for retail borrowers?

Higher initial payout is an entry barrier, but interest burden will fall and more tax benefit can be availed of

RBI panel suggests setting up new entity to boost home loan securitisation

Securitisation is needed to widen the pool of resources available to housing finance companies

RBI mandates banks to link fresh retail loans to external benchmark

Move to cover fresh retail, MSME loans from Oct 1; home, auto loans to get cheaper

Stimulus for borrowers

The inherent belief of the powers-that-be appears to be that a new home loan is the only way to provide a fillip to economic activity