by Vidya Kumar | Feb 18, 2020 | Home loan, Interest Rates, personal finance, Vidya Kumar
Summary: The RBI announced its monetary policy in February 2020. Though there were no rate cuts or changes in CRR, the other measures have given banks to have higher liquidity. Therefore banks such as SBI, BoB, etc. have amended interest rates on loans and FDs. The...
by Vidya Kumar | Oct 13, 2019 | Home loan
Would you like to reduce your home loan interest cost and at the same time save on the taxes on your liquid fund investments?Few banks provide home loans with a linked current account. Any balance kept in this current account earns the same rate of return as that of...
by Vidya Kumar | Nov 15, 2018 | Home loan, Vidya Kumar
Executive Summary: Getting a home loan is a long and stringent process. There are many reasons for banks to reject applications for home loans. These include unapproved builder/property, incomplete documentation, unstable income, other loans etc. You have to ensure...
by Vidya Kumar | Jul 5, 2017 | Home loan, Vidya Kumar
Executive Summary: Some banks offer specialized home loan products. These are linked to a bank account. One can deposit surplus amount in this account. The surplus amount will be treated as pre-payment of principal amount and the interest will be calculated on amount...
by Vidya Kumar | Jan 15, 2016 | Home loan, Vidya Kumar
Buying a home is indeed a joyous and important event in most people’s lives. Many of us take a loan to buy a home and pay EMIs for many years. Therefore when the home loan is finally paid in full, we are very happy. But we have to ensure that we close the home...
by Vidya Kumar | Oct 23, 2015 | Home loan, Vidya Kumar
Download PDF Not really. For starters, a low interest rate on home loan can be relevant only if you opt for a fixed rate home loan. In this case, the rate remains fixed throughout the tenure of the loan. So even if interest rates were to move up in future, you can...
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