Urban Money Blogs

A Step-by-Step Guide to Home Loan Application Process
March 04, 2025

A home loan is a financial product that helps people buy or build their dream homes without paying the full cost upfront. The bank or lender provides the money, which the borrower repays in monthly instalments, including interest. These loans often require proof of income, ID, and property details. Understanding…

Category:Home Loan Archive
The Ultimate Guide to Home Loan Foreclosure Charges
March 03, 2025

Foreclosing a home loan allows borrowers to repay their loan before the end of their tenure, offering an opportunity to save on interest payments. However, this process often comes with home loan foreclosure charges, which vary based on the type of loan and lender policies. Understanding the impact of these…

Category:Home Loan Archive
List of Documents Required for Home Loan
March 03, 2025

You've found your dream home. But before you can settle in, there's one crucial step: securing a home loan. And that means gathering specific documents required for a housing loan. Homeownership is a dream for many, but the path to realising that dream can be cluttered with paperwork. The list…

Category:Home Loan Archive
Lender or Pretender? How to Spot The Best Home Loan Provider
March 03, 2025

Your home loan is a significant financial commitment, and you deserve to have control over it. While interest rates are undoubtedly important, they're not the only factor to consider when choosing a home loan lender. Many other factors, from processing fees to customer service, can significantly impact your borrowing experience.…

Category:Home Loan Archive
EMI vs Tenure : Should You Pay More EMI or Stretch Your Tenure?
March 03, 2025

Choosing between EMI and tenure options can be challenging when planning your home loan repayment strategy. Effectively managing these two aspects is essential for optimising your loan and reaching your financial goals. Balancing EMI affordability to reduce overall interest is key to effective home loan management. This blog will help…

Category:Home Loan Archive
Unlocking The Benefits of Home Loan Refinancing
February 25, 2025

Think about unveiling a hidden savings vault within your home loan. That’s what home loan refinancing can feel like. Refinancing a home loan is helpful for homeowners looking to save money on their loans. By refinancing, you replace your current loan with a new one with better terms, such as…

Category:Home Loan Archive
Home Loan vs Gold Loan : Which Option is Best for Your Financial Goals?
February 25, 2025

When financing life’s major goals like buying a home, comparing a home loan vs a gold loan can help you find the best option. Each provides a secure way to fund your needs but serves different purposes. A home loan is designed for long-term investments, offering higher loan amounts and…

Category:Home Loan Archive
25 BPS Repo Rate Cut By RBI Announced in Latest MPC Meeting
February 07, 2025

The Reserve Bank of India (RBI) has announced a 25 basis point (bps) cut in the repo rate in its latest Monetary Policy Committee (MPC) meeting on Friday, 7th Feb 2025. The unanimously approved decision brings down the RBI repo rate from 6.50% to 6.25%, marking the first cut in…

Category:Financial News
Union Budget 2025: Tax Relief to Boost Borrower Confidence and Homeownership
February 04, 2025

The Union Budget 2025, presented on February 1, introduced a significant overhaul in the income tax structure, offering major relief to the middle class. Nirmala Sitharaman, the finance minister, announced that individuals earning up to ₹12 lakh annually will be exempt from income tax under the new tax regime. Additionally,…

Category:Media Coverage
Union Budget 2025: The Complete Recap
February 04, 2025

On 1st Feb 2025, Finance Minister Nirmala Sitharam introduced the Union Budget 2025 for the eighth consecutive time. The finance minister’s announcements were met with resounding thumps on the Parliament tables, from New Tax Slabs to a first-of-its-kind AI centre. The 2025 budget focused strongly on enhancing the purchasing power…

Category:Financial News