Urban Money Blogs

  • Government Housing Scheme in India

    February 23, 2023

    The Government of India has launched several housing schemes to provide affordable housing solutions to the economically weaker sections of society. These initiatives have been introduced to address the growing housing shortage and improve the standard of living for individuals and families in need of adequate housing. The schemes offer…

  • Home Loans for Rural Areas in India

    February 15, 2023

    Assuring affordable housing for all is a goal of the Indian government made attainable by home loans for rural areas. These loans have unique characteristics including zero to extremely low processing fees, open eligibility requirements, and minimum paperwork requirements. Maximum repayment terms of up to 30 years are available, with…

  • Top Factors Contributing to a Low CIBIL Score

    February 13, 2023

    When a borrower approaches a bank for a loan or credit card, the lender first runs a credit check to determine the applicant’s creditworthiness. If the borrower’s CIBIL (Credit Information Bureau India Limited) score is poor, the bank may refuse to offer a loan or credit card. Even if the…

  • Repo Rate Stands at 6.50% post 0.25% Hike, Announces RBI

    February 08, 2023

    The Monetary Policy Committee (MPC) of India met for the first time since the Union Budget 2023 was delivered by the Indian Finance Minister, Nirmala Sitharman. The MPC meeting went from February 6th to February 8th, delivering the news of the repo rate hike by 0.25 basis points (BPS). This…

  • Budget 2023: Compare New vs Old Tax Regime for Best Option

    February 08, 2023

    Finance Minister Nirmala Sitharaman has released the first Budget for Amrit Kaal 2023-24, which promises to be a budget like no other. While continuing the plans outlined in the previous Budget, Sitharaman outlines a plan for promoting sustained economic growth for the next 25 years as India aims to reach…

  • Home Loan Brokers: Find the Best Mortgage for Your Dream Home

    February 06, 2023

    Every borrower wants to unlock a great deal on their home loan, whether trying to buy their first house, their next piece of real estate or refinance their existing home loan. Access to the right tools and obtaining support from the right people can make a huge impact, regardless of…

  • Government Increasing PMAY Funds to INR 79,000 Crore in Budget 2023

    February 03, 2023

    Finance Minister of India, Nirmala Sitharaman, in her Union Budget 2023 speech, announced that the Pradhan Mantri Awas Yojana 2023 is being allocated funds worth INR79,000 crores. This 66% hike from the last year’s allocation of INR 48,000 crores is perceived as the Indian Government’s commitment to ensure the building…

  • Pradhan Mantri Awas Yojana | PM Awas Yojana 2024:25

    February 03, 2023

    In the latest update made by Finance Minister in the Union Budget 2024-25, Pradhan Mantri Awas Yojana received a major boost in fund assistance to 66%. This translates to the scheme receiving INR 79,000 Crores. Additionally, as per officials, Pradhan Mantri Awas Yojana, which was initially aimed at providing housing…

  • Budget 2023 Live Updates and Highlights

    February 01, 2023

    The major highlight of the Union Budget 2023 is the income tax rebate limit which has increased from Rs. 5 Lakhs to Rs. 7 Lakhs under the new tax regime. Finance Minister Nirmala Sitharaman has presented the Union Budget for 2023 today in Parliament today, which is said to be…

  • SBI is Offering 30-40 bps concessions on Home Loan Rates Till March 31, 2023

    January 30, 2023

    State Bank of India (SBI) is one of the major lenders in the public sector. It has recently announced a new scheme in its exciting festive offer, "campaign rates," wherein SBI is lowering its home loan interest rates by 30 to 40 basis points. This exciting deal is valid till…

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