RBI has taken another slew of measure to stimulate Indian economy, cut repo rate at which it lends to the commercial banks with marginal gap by 25 basis points which reduced the existing Repo Rates to 6.25% from 6.50%. On the surprise move and sudden fall of repo rate, every borrower is expecting to bring down […]
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Category: Home Loan
House Purchase in the Tax Edge
Sushil Kumar, 35 and Reena Gupta, 33, Mohali-based software professionals have been residing at rented accommodation and contemplating to buy a new house for their own residence. Amidst so many choices in the real estate market, couple has to take the most important decision as they whether to go for a ready-to-move or an under […]
Avoid insurance Cover bundled with Home Loan
Nowadays, Housing finance companies and banks are mostly tied up with select insurance providers and bundled home loan products with home loan insurance plans. While taking home loan, on the act of surety, banks may push you to take home loan insurance plan for only those companies with whom they are tied up with. Furthermore, […]
Getting prepared for Owning a House Property
Ajay Kumar, 29, and Neha Arora, 25, Chandigarh-based IT professionals had been looking for buy a new two bed-room ready-to-move- in house. They can either purchase from the primary market such as developers and housing development boards or from the resale or secondary market. After several rounds of search, they were able to locate a […]
How Banks fooling Home Loan Customer?
Nowadays, most people applying for home loan many never even go to the bank and all the process is done by middleman/agent/friends or relative working in bank for our convenience. Loan documents require a lot of signatures and contain lot of annexure, so we don’t bother to read them and rely on our agent.This kind […]
Your Home Loan and Tax Planning!
While all of us have a dream of buying a dream home or constructing or reconstructing or repairing our homes, it’s also important to consider the tax angle when we decide to do any of these activities. For some, the amount of wealth they have created allows buying or constructing or reconstructing or repairing or […]
Home Loans beyond Repayment Capacity
Today, you cannot buy a house without taking a housing loan given the sheer cost of real estate, especially in metros and larger towns. Further, it is considered as good loan as you are building an asset with the loan amount. Since owning a house a cherished dream of many Indians, stretching the budget is […]