Home Loan Archive

MCLR - Marginal Cost of Funds Based Lending Rate
October 18, 2022

MCLR stands for Marginal Cost of Funds Based Lending Rate. It is an internal benchmark or a reference rate that a financial institution is expected to adhere to. It determines the lower end of home loan rates of interest. Banks are prohibited from lending money to borrowers with interest lower…
Buying a Property: Get Familiar with Circle Rate and Market Rate
October 17, 2022

Are you planning to purchase a property or invest in one? Well, that can be a tricky task, but you can choose to make an informed real estate investment decision. To make an informed decision, you must get acquainted with several things, including rates. As an anticipated buyer or investor,…
Home Loan Tax Exemption
October 14, 2022

Building, a home of your imagination, is a dream come true. It feels magical when you hold the keys to your home. To achieve this vision and make it convenient for you, the Income Tax department gives you Home Loan Tax Exemption so that you don’t have to choose one…
Home Loan Insurance
October 06, 2022

Picture your child running to you with a landscape drawing of your home amidst the mountains where the sun shines high and bright. You smile as a home loan allows the dream of owning a house to come true, and the home loan insurance ensures that the EMIs are paid.…
RBI Repo Rate 2022 Hike For the Fourth Consecutive Time
October 01, 2022

The Reserve Bank of India (RBI) increased the Repo Rate by 50 basis points, making it clock at 5.90%. In the previous five months, interest rates rose by 190 basis points, making this the fourth consecutive increase in the Repo Rate 2022. The Central Bank lifted rates on May 4,…
Revamp Your Interiors, and Get a Home Renovation Loan!
September 12, 2022

While the majority dreams of buying a home, to some people, it is simply passed down by their ancestors. The only chores they are left with are renovation and redecoration or restructuring, as those homes are superannuated. You would want the best for your home, which requires a significant investment…
Home Loan Subsidy in India
September 12, 2022

The Government of India, through the Ministry of Housing and Urban Affairs (MOHUA), launched the Pradhan Mantri Awas Yojana (PMAY) on June 25, 2015. The scheme aimed to ensure a pucca house for all eligible urban and rural households by 2022. The assessment and implementation of the program are done…
Popular Housing Loan Schemes in India
July 26, 2022

Home Loan Having your own home is one of the biggest dreams for anyone. These dreams are now easy to fulfil by choosing the best housing loan scheme with lower home loan interest rates. But you have to research hard and compare the interest rates of lots of banks and…
Top Housing Finance Companies in India
July 25, 2022

There are many different home loans on the market, so it's essential to compare them to find the best deal for you. Lastly, You need to ensure you can get a reasonable interest rate. Interest rates on home loans can vary, so shopping around is essential to get the best…
Home Loan Tax Benefits Under Income Tax Act
July 22, 2022

Today, taking out a home loan has become easier than ever. It is because of flexible tenure, competitive interest rates, and many home loan tax benefits. Availing of these income tax benefits on home loans can help the applicant save a lump sum over the repayment years. Read more to…