home loans

RBI MPC Meet: Will Your Home Loan EMI Increase?

Thu, Dec 07, 2023

Feeling anxious about the recent repo rate change and its impact on your home loan EMI? Relax! This video explains the difference between fixed and floating interest rates in home loans and how they react to repo rate changes. Discover whether you need to worry or not based on your loan type.

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Took home loan, car loan from this bank? Good news for you - Check details

Sun, Mar 29, 2020

It's a good news for you if you have borrowed home loan or car loan from Bank of India.

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Three-month home loan EMI waiver hailed by realty sector; what they said

Fri, Mar 27, 2020

EMI Payment Waiver: Realtors have welcomed the RBI's decision of a 3-month moratorium on the term loan EMI payments. 

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Inflation at 19-month low, RBI set to give big relief in EMIs: Know what will happen to your home loan

Wed, Feb 13, 2019

At 19-month low, this where the country’s inflation is at, as CPI has come at 2.05% in January 2019 month. This was undoubtedly due to food inflation which further widened its deflation trend.

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RBI rate cut: If your bank is happy, so is your lending rates on home, personal, car loan - A case for your EMIs

Thu, Feb 07, 2019

The 6.25% repo rate was last witnessed in June 2018 policy, and since then your lending rates have witnessed rises which has made your EMIs on home, personal and car loan costlier.

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RBI rate cut will boost economic growth and make loans affordable: Piyush Goyal

Thu, Feb 07, 2019

Finance Minister Piyush Goyal said the RBI rate cut will boost economic growth and make loans affordable. Watch this video to know more.

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Homebuyers hurry up! You can transfer your home loan at SBI with no processing fees; offer valid only this month

Thu, Feb 07, 2019

SBI via its twitter account said, "Switch to a loan that brings joy! Transfer your Home Loan to SBI at ZERO processing fees. Offer valid till 28th February, 2019."

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Budget 2019: You can save more on your home loan EMIs; how Modi-govt can help you buy your dream house

Fri, Feb 01, 2019

Budget 2019: Every month you have to chalk down an expense, in regards to repayment of home loans in the form of EMIs which includes a portion of principal amount and banks interest rates. Of course, you get an income tax return benefit from this.  

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Budget 2019: Interest rates on home, personal, vehicle loans set to rise? This is what can save your EMIs from being costly

Thu, Jan 31, 2019

Budget 2019: Government has hiked small saving schemes interest rate quite impressively, which makes them a better option for investment than what banks are offering. 

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Seeking a home loan? SBI vs HDFC Bank vs ICICI Bank - EMIs, lending rates compared

Wed, Jan 30, 2019

Sometimes there can be a situation where your bank offers you higher interest rates on home loan.

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Budget 2019: Insurance term plan to be more attractive this budget

Tue, Jan 29, 2019

Insurance schemes, home loans and pension schemes are expected to have major tax exemptions.

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Borrowers Alert! You can save big on your home loan EMIs; this is what SBI's Balance Transfer offers you

Tue, Jan 29, 2019

SBI balance transfer home loan service allows you to transfer your loan from other banks to enjoy low interest rates, zero processing fees and major tenure at this lender.

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Do you have home loans? Know your Section 24, Section 80C, 80EE; get this much tax benefits

Fri, Dec 21, 2018

Home loans are given depending upon your age, your salary status, your  capability of repayment and background checks of previous loans. If your credit score is very good then getting an home loan is very easy as your bank is assured that you are trustworthy and capable enough to repay your debt.

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Come April 2019! Borrowers? Your EMIs on home loan, personal loan, vehicle loans set to become cheap; here's how

Tue, Dec 18, 2018

In its December 2018 policy, RBI firmly said Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR) will be replaced by an external benchmark from April 2019. 

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Alert! Bad credit score can get your loan application rejected - Know how to monitor it, stay credit healthy

Fri, Dec 14, 2018

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Planning to take home loan? Check latest lending rates by SBI, HDFC Bank and ICICI Bank

Fri, Dec 14, 2018

There are many banks that attract their customers by giving home loan through various offers.

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Do you want to be eligible for home loan? Follow these guide, know from tenure to credit score

Thu, Dec 13, 2018

Home loans are given depending upon your age, your salary status, your  capability of repayment and background checks of previous loans

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Axis offers home-loan with higher principal repayment component

Thu, Dec 13, 2018

By reducing the principal with every month's repayment, the gross amount repaid by a borrower during the duration of a loan will also go down as the interest outgo comes down, officials at the private sector lender said Wednesday.

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Your home, auto, personal loan interest rates to change! Know what it means for money you borrowed

Fri, Dec 07, 2018

In its December 2018 policy, RBI firmly said Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR) will be replaced by an external benchmark from April 2019. 

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RBI to bring you pain, hike interest rates today? This is how much more you will pay for home, auto, personal loans

Wed, Dec 05, 2018

 In fact, one should definitely pray that RBI chooses to put a status quo in this policy, as data reveals that home loans, auto loans and personal loans are already expensive due to rise in MCLR rates since March 2018.

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Taking out a personal loan? Do not do this one thing

Thu, Nov 01, 2018

If you look at interest rates, high or low, then you are making a mistake as you can lose plenty!

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Buying a house in your name? Stop, you will lose this home loan benefit

Thu, Sep 27, 2018

Today, home loan tenures vary from 10 to 30 years, depending upon the age of the borrower and the home loan amount. Consequently, home buyers are opting for home finance from banks and financial institutions. Hence, it is imperative from the borrower’s perspective to holistically analyse various aspects before you finalise the financial institution.

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Home loan rates: From what is MCLR to should you switch, all you need to know

Mon, Aug 27, 2018

Mumbai-based Vinayak Godbole (name changed on request) received a letter from his bank early this month. It wasn’t the regular statement, but a letter offering information about switching his home loan to the Marginal Cost of Funds Based Lending Rate (MCLR), a system of calculating interest rate for all retail loans that have a floating rate of interest.

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