The government has now extended the hobby deduction permitted for low-cost home loans obtained between 1 April 2019 and 31 March 2022, to achieve the goal of. As a result, commencing in AY 2020-21, a new Section 80EEA has been established to allow for a hobby deduction.… Read more
What is the difference between a home loan and a land loan?
Tags: Home Loan
It doesn’t matter if you’re an experienced homebuyer or a first-time one, a home loan is something that you should be well aware of before making a huge purchase. … Read more
Tips you must consider before applying for a Home Loan
Tags: Home Loan
Purchasing a home is unquestionably one of the most significant financial decisions that you and your family will ever make. … Read more
Everything you need to know about NOC in Home Loan
Tags: Home Loan
Have you just paid off your private mortgage? Don’t let your guard down just yet, since you may have one more important task to complete once you’ve paid off your entire mortgage. … Read more
How to claim home loan tax exemption?
Tags: Home Loan
There are four stages to taking advantage of the interest deduction on your home loan. … Read more
How to choose the perfect payment plan in real estate?
Buying your dream home is one of the biggest achievements for any individual. When a buyer decides to purchase a property, the first thing that comes to his/her mind is the EMI and hefty down payment he needs to make at the time of booking.… Read more
Banks or Housing Finance Company: Which is better for Home Loan?
Tags: Home Loan
Buying residential real estate is every person’s dream that can be susceptible to your financial situations and economic fallouts or inflation. … Read more
A quick guide to home loan transfer
Tags: Home Loan
In an individual’s financial life-cycle, a home loan is one of the most important decisions. The tenure of a home loan is equal to 40- 50% of our earning life cycle. Most consumers take a home loan on a floating rate, but the rates keep changing and it is on their minds every month. Therefore, it is important to evaluate whether transferring your home loan balance will result in savings for you, as interest rates on home loans have been on the decline.… Read more
ICICI Bank Home Loan Interest Rate Goes Down to 6.70%
Tags: Home Loan
Good news for homebuyers, another bank follows the footsteps of the State Bank of India. ICICI Bank, one of the country’s major lenders, has announced a revised interest rate on loans related to real estate. According to its latest statement released on Friday, 5th March 2021, the bank has lessened its interest rate on home loans to 6.70%. Homebuyers will be able to avail the current interest rate for loans up to Rs. 75 lakhs. … Read more
SBI Brings Down Home Loan Interest Rates to 6.70% with Additional Benefits
Tags: Home Loan
Recently, the State Bank of India, the largest lender in the country, announced its decision to reduce home loan interest rates. In such loans, it has lessened the interest rates up to 10 basis points (bps). … Read more
