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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 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 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…
Source: Live Mint A credit score is an important indicator of your creditworthiness and loan repayment capacity. It also plays a crucial role in determining your home loan eligibility and the interest rates applicable to it Banks and financial institutions increasingly rely on an individual’s creditworthiness, repayment capacity, and financial integrity to mitigate the risks…
Source: Live Mint A home loan is essential while buying a house as property prices have been on a steady rise. Home loans come with multiple options. The difference between ‘Pre-EMI’ and ‘Full EMI’ in home loans is a key metric that you should understand before you make a choice. Pre-EMI (Equated Monthly Instalments) is…
Source: Live Mint It is not easy to choose between a fixed and floating interest rate for your home loan in India, given the pros and cons of both. Below is a detailed guide that will help you make a decision on what type of interest rate will be most suitable for you as per…
Source: Live Mint With RBI slashing its repo rate by 25 basis points on Friday, home loan EMIs are likely to see a decline. The revision in monetary policy is seen as the start of the interest rate cut cycle. As a result, loan EMIs are expected to fall. If you are contemplating raising a home loan…
Source: Live Mint India’s central bank, the Reserve Bank of India (RBI), concluded the monetary policy committee on Friday, February 8, and announced a 25-basis-point rate cut to 6.25 per cent for the first time in five years. RBI also lowered its growth forecast for the Indian economy to 6.7 per cent, citing the headwinds…
Source: Live Mint Buying a home is one of the crucial decisions of life, and it requires years of planning and investment. While many rely on investments to buy their dream home, others borrow money from lenders to fund the purchase of their new house. A home loan is a significant liability, and knowledge of…
