The FinTech Hub
Source: Live Mint A credit score of 500 is considered as a poor score by leading credit bureaus such as CRIF High Mark, CIBIL, Equifax, Experian among others. Such a score significantly diminishes the likelihood of home loan clearance and approvals in seamless fashion. Especially if you consider applying for a home loan with mainstream…
Source: Live Mint Bandhan bank’s ‘Suraksha’ home loan provides borrowers with a streamlined financing option for selecting, purchasing, constructing or even extending their homes. With loan amounts covering up to 90% of the entire property’s cost along with flexible and easier repayment options, this particular loan product caters to a broad spectrum of borrowers. Here…
Source: Live Mint I have bought a residential property with my wife by taking a joint home loan. I am the only one repaying the loan. We have let out this house. The rental agreement is made in the name of my wife, and the rent is credited to my wife’s bank account. We stay…
Source: Live Mint In the nation’s ever evolving economic landscape, consistent and on time repayment of home loan Equated Monthly Instalment (EMI) holds immense value. It is imperative to make sure that the repayment of not only home loans but any other kind of loan is made on time and in seamless fashion to avoid…
Source: Live Mint We are often advised to build a strong financial foundation, and this foundation relies heavily on comprehensive financial education, which includes understanding saving behaviour, investment habits, and seeking credit at the right time. Yet, we are rarely given clear explanations of what terms like ‘credit’ and ‘debt’ truly mean, making them seem…
Source: Live Mint You need to have a strong credit profile and a high credit score to qualify for a home loan of ₹1 crore. Financial institutions heavily rely on credit scores to understand and assess an applicant’s repayment potential, creditworthiness and financial capacity. These factors cumulatively influence loan approval, interest rates and associated terms…
Source: Live Mint The Reserve Bank of India (RBI) has recently reduced the repo rate twice in 2025. First it was reduced to 6.25% in the month of February and then to 6% in the month of April. This has created a fairly reasonable opportunity for all home loan borrowers to try and explore refinancing…
Source: Live Mint The Reserve Bank of India (RBI) has recently reduced the repo rate by 50 basis points. This gives the home loan borrowers a timely chance to recheck, replan and decide on their repayment strategies. In such a case lowering your Equated Monthly Instalments (EMIs) can immensely ease your financial burden and result…
Source: Live Mint Ever since the Reserve Bank of India’s (RBI) monetary policy committee on April 9 cut its repo rate by 25 basis points, a number of banks – mostly in the public sector – have slashed their repo linked lending rates (RLRR) on home loans. These banks which have reduced their RLRR are…
Source: Live Mint Bank of India has announced to cut its home loan interest rates, offering relief to new as well as existing borrowers. With this change, the home loan rate stands reduced from 8.10 per cent per annum to 7.90 per cent per annum based on their credit score. This move is aimed at…
