Owning a home of yours is indeed a good feeling but in today’s world, it is invariably accompanied with the burden of a housing loan. The question that bothers borrowers is that should they receive an annual bonus or a lump sum amount from some source, whether it should be invested in other instruments or […]
home loan in mumbai Archive
April 24, 2016 10:00 am
Coming soon-Fixed Rate for longer term Home Loans from SBI
If you are wondering whether With the new benchmark rates being reviewed every month, should new home loan borrowers keep checking rates or will the annual reset take care of everything, Arundhati Bhattacharya, Chairman of country’s largest lender State Bank of India explains it all here. The Base Rate is reviewed quarterly and banks cannot […]
March 25, 2016 10:30 am
First dream home? You have something to cheer about!
If you have been vying on that dream home for a long time but were waiting for the right time, it has arrived! In the 2016 Union budget, the Finance Minister has proposed an introduction of additional deduction on interest for home loans up to Rs 35 lakh, with a rider that the value of […]
March 21, 2016 10:30 am
Budget 2016-17: Brings Cheer for First-Home Buyers
In today’s scenario where possession of the property within stipulated time is a challenge, Budget 2016-2017 proposes tax relief under Section 24 of I-T Act on interest payment on home loan if the property bought, or under construction, is completed within 5 years from the end of the financial year in which the loan was […]
March 16, 2016 10:00 am
Home Loan eligibility – your doubts busted here
Before even looking out for a property, buyers like to know the quantum of home loan they are eligible for. While that’s a good approach, there is always more clarity needed to make the final decision. We have attempted to throw light on some aspects to aid your decision making. Banks or financial institutions determine […]
January 27, 2016 10:30 am
Home Loans for Women – reasons to cheer
Are you a working woman desirous of owning your dream home? Then you have reasons enough to cheer! In India, women are privileged in terms of the schemes and concessions given to them as borrowers of a loan. Especially in home loans, women enjoy greater benefits as compared to their male counterparts. The financial sector […]