The country's largest bank, State Bank of India (SBI), has given the New Year gift to those taking home loans to buy a house. SBI has reduced home loans by 30 basis points i.e. 0.3 percent. Apart from this, there is a big relief to the home buyers in processing...
Wadhawan approaches RBI, CoC with revised offer for DHFL
New Delhi: In a letter to RBI Governor Shaktikanta Das, DHFL administrator R. Subramaniakumar and the Committee of Creditors (CoC), the erstwhile promoter of the bankrupt NBFC said that he would make an upfront payment of Rs 9,000 crore in cash and Rs 31,000 crore will be paid within a...
Things to do if you cannot pay your home loan
We don't live that financially stable or secured all the time considering our era is unprecedented and anything happens at any point of time. If you are having challenges to pay off your home loan, consider these options. Consult with your bank manager and understand if there is any possibility...
Current trends in home loan market
People who are interested to buy homes have a news to rejoice after the recent repo rate cut by the RBI that has reduced the home loan interest to 7%. Lower EMI that provides a way for making savings is a dream come true for many home buyers. But note...
You can easily fulfill your dream of home through EPFO
Having your own house is also a fundamental need and everyone's dream. However, at times when we want to buy a house in a good location, it is not very easy. Even after deposits, there is a shortage of money to buy a good house. The entire process from down...
LIC denied news of LICHFL merger proposal
New Delhi: The Life Insurance Corporation said on Monday that it has got its subsidiary LIC Housing Finance Limited. (LICHFL) has no proposal to merge with any other entity. This statement of LIC came after reports in some reports. It states that the insurance company LIC Housing Finance can merge...
SBI loan guarantee isn’t the exceptional option
Under-construction properties are sincerely more low-cost than prepared-to-pass-in units, and that’s one reason why they were so popular amongst shoppers throughout the actual estate growth a decade in the past. However with growing cases of put off and defaults, shoppers’ confidence in beneath-creation houses has eroded. A recent domestic loan...
SBI home credit EMIs to fall, bank cuts outer benchmark based rate
Existing SBI home credit borrowers, who have profited advances connected to outer benchmark based rate, will profit by the rate cut SBI said new home purchasers will get credits at a financing cost beginning from 7.90% per annum State Bank of India (SBI), the nation's biggest moneylender, today reported a...
How to buy your dream house in 2020
Buying a house is one of the most important decision an individual makes in his or her lifetime and appended below are some important steps which will make this decision much easier, says Sunil Mishra, Chief Executive Officer of TRESPECT Sunil Mishra, Chief Executive Officer of TRESPECT Before you enter...
Home Loan Guide for First-time Homebuyers
Author - Amit Sinha, Chief Operation Officer, Trespect India Pvt Ltd With rising property values, buying a home has become an expensive proposition for many aspiring buyers. In such a scenario, home loans are like the silver lining in the dark clouds. If you have decided to take the home...