Page 6 - Home Loans

'Pay when you stay', 'EMI waiver': LICHF's plan offers relief to borrowers

But you need to stay for the entire period of the loan to get this benefit

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

JM Financial Home Loans eyes Rs 2K-cr loan-book by FY21 with BoB pact

Sheth further said they will also be tapping the customers from those developers whom it funds now to grow the loan book

Want to avail of home-loan overdraft? Do it only if you have surplus funds

Savings done by depositing extra money into the home loan overdraft facility should outweigh the higher interest cost charged from you

Still paying high interest on loans? Compare, choose best offer, switch!

Bargain with your current home loan lender first before deciding to shift to a new player

Don't go overboard taking loans just because the lender is generous

While NBFCs are increasingly willing to lend to below-prime borrowers, the latter should remember that failure to repay can have dire consequences

Planning to take a home loan? A snapshot of rates offered by various banks

Here's how the home loan rates by public and private sector banks stack up

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

Besides increasing the eligibility, tax benefits will also double

Are fixed-floating rates a sound option for retail home loan borrowers?

Two leading industry experts debate the merits and demerits of the new fixed-floating rate product that the SBI chairman proposed recently

SBI will move RBI to offer fixed-floating rate home-loans: Chairman

Rajnish Kumar said the central bank's recent guidelines on floating rate products for the retail segment has necessitated the need for the clarity

Experts give thumbs up to linking home loans to external benchmarks

If you are an existing borrower with an HFC or an NBFC, there will be considerable rate difference between your existing rate and what banks will offer on these external benchmark-linked loans

IDBI Bank offers repo-linked home, auto loans at interest rates from 8.30%

The products -- Suvidha Plus Home Loan and Suvidha Plus Auto Loan -- will be benchmarked to the Reserve Bank of India's (RBI) repo rate and will be available to customers with effect from September 10

Home, vehicle loans and consumption goods to get cheaper: FM Sitharaman

Addressing the media here, Finance Minister Nirmala Sitharaman also said that banks will pass on RBI rate cut benefits to borrowers through MCLR reduction

Should borrowers opt for an RLLR-based home loan over an MCLR-linked one?

A reduction in MCLR is good news for home loan borrowers

Need money urgently? Top-up home loan is cheaper than other products

A borrower can also get a tax deduction if the funds are used for home renovation, purchase or construction

Will your home loan EMI come down after RBI's 25 bps rate cut?

Existing borrowers' EMIs will change only when their reset date arrives. New borrowers will benefit

A snapshot of home loans provided by various banks and other details

Here is how home loans rates offered by major banks stack up

Home loans: You can get the best deals even in the MCLR-based regime

Instead of getting disheartened by the central bank's decision to defer the implementation of the external benchmark regime, borrowers should try to make the most of the existing regime

Availing home loan? How to get the right deal for your property purchase

Apart from checks on property and loan eligibility, ensure you have a good credit score before choosing between fixed and floating rates; you might also be eligible for the govt's subsidy scheme

Mortgage guarantee makes home loans accessible but it comes at a cost

Evaluate your ability to repay before opting for it