Kolkata/IBNS: Union Bank of India today announced reduction in its Home Loan interest rates with minimum rate of Interest now starting at 6.40 percent. The reduced rate will be effective from October, 27.
New Delhi/Kolkata: As a part of festive offer, Bank of India, one of the premier nationalised Bank has announced a 35 basis point reduction in its Home Loan interest rates and a 50 basis points reduction in Vehicle Loan interest rates with the minimum rate now starting at 6.50 per cent against 6.85 per cent on Home Loans and 6.85 per cent against 7.35 per cent earlier on Vehicle Loans.
A home loan balance transfer becomes necessary when you are unsatisfied with the home loan interest rate your current lender offers. It is also a smart alternative if you require a top-up loan as well.
The popularity of online banking and transactions has paved the way for accelerated growth of fintech companies. The fast-paced lifestyle of most individuals is a major proponent for such online service providers. Among the services offered by fintech organisations, alongside online credit disbursal facilities, digital home loan sanction letter issuance has also gained ground in recent years. Bajaj Finserv is one such HFC, which has incorporated such digitisation seamlessly into its financial products.
India’s lendingmarket is enjoying a 15-year low home loan interest rates, thanks to multiple repo rate cuts introduced in 2020. Some lenders are offering such housing credit at rates lower than 7% per annum.
While keeping aside a small portion of your savings for unplanned and unannounced financial emergencies may seem like good practice, many times, the majority of us aren’t prepared for such situations. Thankfully, there are many financial options available in the market like an instant personal loan that you can consider at such times.
Being a homeowner calls for a continued commitment towards the improvisation, renovation and modernization of home. Such quality maintenance not only improves the aesthetic appeal of the apartment but increases the value of the property as an asset. Listed below are five ideas for getting a budget for apartment modernization.
Have you heard about the Pradhan Mantri Awas Yojana (PMAY)? It is a Central Government scheme which was launched in India in June 2015.
The housing credit sector in India is rising at a compound annual growth rate (CAGR) of 18%. The key reason behind this growth is the easy availability of affordable homes all across the country with schemes like the Pradhan Mantri Awas Yojana (PMAY).
When it's time to upgrade or downsize to a new home, it can be one of the most exciting times when you and your family get to start this new chapter of your life. However, while exciting, it can also be very stressful, especially when there's so much to think about, and the chances of making a mistake can be high. However, if you're aware of what the common mistakes are, you can actively avoid them, overall ensuring you're giving yourself the very best experience possible. Today, we're going to explore five of the most common mistakes that can be made, detailing everything you need to know to give yourself the best experience!
A home loan is a long-term commitment, as its repayment spans decades. Therefore, to make sure the task on hand is as convenient as possible, it’s important to keep a track of interest rates that competitors are offering all through the tenor, as you can apply for a home loan balance transfer if need be and make the loan more affordable even once you begin repayment.
New Delhi, Feb 8 (IBNS): State Bank of India on Friday announced a decrease in interest by 5 basis points on home loans up to Rs 30 lakh.
Laxman Jaiswal, Chairman & Managing Director of Ascon Infrastructure India Ltd, a company which has completed several housing projects in Kolkata, including Rajarhat-New Town, gives tips on how to buy a new property during a conversation with Subhojit Roy, co-founder Connections PR.
Home loans up to Rs.12 lakh qualify for interest subsidy Incentivizes developers to look beyond the affluent customer segment Private equity real estate firms have invested as much as USD 6.1 billion in the country Housing sector can now avail institutional funding at better terms and conditions
Want to pay a lower rate on your existing home loan? You can opt for the home loan balance transfer facility online now.