Urban Money Blogs

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…

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.…

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…

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…

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…

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…

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,…

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…

Deciding between a fixed or floating interest rate on a home loan is one of the most crucial choices for borrowers. Each option has advantages and drawbacks, influenced heavily by market conditions and individual financial goals. A fixed-rate loan offers steadiness, locking a consistent EMI regardless of market fluctuations. This…

A home loan is one of the most viable financial tools of the 21st Century, allowing people to purchase a residential property by making affordable monthly payments. These small EMI payments can last more than 15 years, but failing to make them on time can result in severe consequences. In…