Home loan

Existing home loan borrowers can either opt for the EMI increase or tenure increase option.Experts feel that interest rate is considered to be at peak currently and it is estimated to reduce over the years. The Reserve Bank of India…

The interest rate on home loans is expected to increase as the Reserve Bank of India on Wednesday announced an increase of repo rate by 25 basis points to 6.5 %.Repo rate is the rate at which the RBI lends money to commercial banks.Now,…

Last Updated: February 10, 2023, 14:20 ISTPiramal Realty says its 'Interest Rate Lock' initiative seeks to provide homebuyers with interest rate stability and the most competitive rates in over a decade for the next 18 months.Piramal Realty…

Last Updated: December 16, 2022, 08:24 ISTThe State Bank of India (SBI) has increased its External Benchmark-based Lending RateThe State Bank of India (SBI) has increased its External Benchmark-based Lending RatesThe State Bank of India…

An increase of 150-250 basis points (bps) in interest rates may lead to EMIs going up by 12-21 per cent in the case of prime home loans and 8-13 per cent in the case of affordable home loans while maintaining the original tenure, according…

For a long-term investor prepared to take the minimal risk, mutual fund investments are a good tool. If an investor chooses the systematic investment plan (SIP) option, the risk factor in equity mutual funds is further reduced. An investor,…

<!-- -->Steps to take to get a cheaper home loanBanks have increased the loan interest rates following the recent hike in repo rate by the Reserve Bank of India.In its latest Monetary Policy Review, on September 30, the RBI increased…

State Bank of India (SBI), the country’s largest lender, is offering a concession of 15-30 basis points on its home loans from October 4, 2022, to January 31, 2023. During the ongoing festive season, it is now offering home loans in the…

NEW DELHI: Interest rates do not seem to have a material bearing on people who buy their dream residential properties on borrowed funds as the home loan outstanding of banks almost doubled to Rs 16.85 lakh crore in the last five years,…

The EMIs for loans, including personal loans, home loans, and car loans, are going to increase after the RBI raised the repo rate by 50 basis points to 5.9 per cent on September 30. This is the fourth straight rate hike by the bank…