HOME LOANS
ESAF Small Finance Bank creates micro banking vertical with 5,200 staff ESAF Small Finance Bank has absorbed 5,200 employees from ESAF Swasraya Multi-State Agro Co-operative Society Ltd (ESMACO) as part of a strategic business restructuring. The bank will now directly manage the microloan portfolio, which was previously...
01 Jul, 2024, 09.07 PM ISTStep-by-step process for a home loan balance transfer Transfer your home loan wisely by comparing offers, verifying eligibility, submitting required documents, negotiating terms, and finalizing the balance transfer for reduced EMIs and long-term savings.
25 Jun, 2024, 12.21 PM ISTCentral govt employees seek rationalised income tax slabs and old pension scheme from Budget Central government employees are advocating for key reforms in the Union Budget 2024-25. Their demands include rationalization of income tax slabs, the restoration of the old pension scheme, the establishment of the eighth central pay commission, im...
24 Jun, 2024, 01.36 PM IST- ADVERTISEMENT
Not getting the home loan amount you want? How to increase home loan eligibility with minimal cost Your dream of purchasing a home of choice may suffer a serious set back if the lender is not willing to give you the loan amount that you need. You may either have to drop your plans or get a costly loan to bridge the gap. However, now you have anot...
17 Jun, 2024, 12.54 PM ISTThe ‘buy now, pay later’ option is like a disease: Satish Mehta, Athena CredXpert "A credit card is the most expensive piece of plastic in the world. You are charged 40% interest if you don’t pay on time. You would think it’s fine to pay 5% minimum due balance, but they still charge an interest on the outstanding amount. One shou...
17 Jun, 2024, 06.30 AM ISTHome loan interest rates June 2024: These banks offer cheapest interest rates for home loans above Rs 75 lakh Home loan interest rates June 2024: A home loan is a secured loan for a borrower to buy a home. The loan amount is repaid via equated monthly installments (EMI). Here is a list of banks offering the best home loan interest rates for loans above Rs 7...
13 Jun, 2024, 04.43 PM ISTSundaram Home Finance launches emerging business segment; Rs 300 cr target disbursal Expecting it to be a growth driver for the company, Sundaram Home Finance Managing Director and CEO Lakshminarayanan Duraiswamy said he has plans to open around 20 branches in the Emerging Business segment in Tamil Nadu, Telangana and Andhra Prade...
12 Jun, 2024, 05.53 PM ISTHome loan EMI payment saving tips: How to repay a Rs 50 lakh home loan in less than 10 years11 Jun, 2024, 01.32 PM IST Loan demand for rural homes, tractors may rise on govt push "We believe a likely surge in rural credit demand, higher affordability and government push toward financial inclusion with ease of regulations in the microfinance sector. A likely credit-linked subsidy scheme (CLSS) in the Pradhan Mantri Awas Yojan...
11 Jun, 2024, 12.22 AM ISTTaking a home loan? 5 ways you can reduce cost of borrowing and save money The longer the tenure of a loan, the higher the interest burden. Home loan rates will not come down as the RBI has kept policy rates unchanged. If you are planning to buy a house with a loan, ET Wealth suggests some ways to reduce the cost of borrow...
10 Jun, 2024, 06.30 AM ISTShould you buy a house now before property prices soar or wait for home loan interest rates to drop? A favourable wealth effect, driven by a sharp rise in the equity markets, is enticing many first-time homebuy ers to take the plunge, while affluent buyers are looking for second homes. If you are a fence-sitter, still unsure about when to buy a hou...
10 Jun, 2024, 06.30 AM ISTShould you buy a house now or rent it? Key factors that will help you to decide While property market dynamics play a big role in effecting this decision, equally important is your personal financial situation and lifestage. There are other factors to consider. If you are thinking of buying a house, here the key things you need...
10 Jun, 2024, 06.30 AM ISTCIBIL or credit score drop can cost you Rs 19 lakh more on a Rs 50 lakh home loan; 4 ways to avoid it Many social media users are reporting sudden credit score dips. Erroneous transactions, lender misreporting, and late credit card or BNPL payments, over-utilisation of credit limits are some culprits. If you have a poor credit score or CIBIL score, ...
08 Jun, 2024, 10.50 PM ISTBuilders want reduction in repo rate in RBI's next monetary policy to boost housing sales Real estate developers urged the RBI to lower the repo rate in the upcoming monetary policy to reduce home loan interest rates and stimulate housing demand, as the RBI maintained the rate at 6.50%. Industry experts anticipate potential rate cuts in ...
07 Jun, 2024, 12.30 PM ISTHome loan borrowers may have to wait longer for lower EMIs but a rate cut likely this year; how to make the most of it Home Loan Interest Rates: The Reserve Bank of India (RBI) in its recent Monetary Policy Committee meeting decided to maintain the repo rate at 6.5%, prolonging the wait for home loan borrowers seeking relief from high interest rates and increased EM...
07 Jun, 2024, 12.19 PM ISTHome loan borrowers may have repaid higher amounts In FY23, for instance, the combined outstanding home loan portfolio of public sector and private banks and housing finance companies, which account for a big majority of the home loan market in the country was, Rs 3.62 lakh crore. But disbursements ...
31 May, 2024, 11.19 PM ISTAadhar Housing Finance aims 20% AUM growth in FY25 Aadhar, 76% owned by Blackstone Group Company BCP Topco VII Pte, has a robust asset quality with gross non-performing assets being at just a tad over 1% at the end of March. That compares with 1.16% a year ago.
31 May, 2024, 08.11 PM ISTIndians pay more in down payments and home loan EMIs than Singaporeans! Entrepreneur explains the math Entrepreneur Akshat Shrivastava compares buying a house in Singapore and India. In Singapore, a 1 million SGD house requires 27% upfront payment with a 4% home loan interest rate. In India, a 2.56 crore house demands 30% upfront payment and 8-9% hom...
28 May, 2024, 05.03 PM ISTShould you buy a second house with a loan? The key consideration in making this decision is to assess how it will impact their financial plan and goals. Shoaib or his wife might want to pursue alternative career options, take a break, or start their own business. They must ensure that they a...
27 May, 2024, 06.30 AM ISTCheapest home loan interest rates: Banks home loan rates for amounts up to Rs 30 lakh Latest home loan interest rates: Your income and repayment capabilities mostly decide your home loan eligibility. The interest rate applicable to your home loan is effective on the day of disbursement.
23 May, 2024, 05.02 PM IST