Latest Articles

5 Things you must know about Home Loan Tax Benefits
2016 is the year of surprises and gifts. Rate cuts, cheaper loans, tax benefits have made this year great for home loan buyers. If you are also planning to buy a house, this is the right time. While buying a house, you negotiate with the property dealer and then with the banks to get the cheapest home loan deal. Even if you get the best deal with a lot of discounts, you might end up saving a few rupees because of your tax sheet. But if you know the rules of this game, you can get a maximum of... read more

Applying for a Home Loan? Should you go for Fixed or Floating Rate?
The end of the last year marked something significant in Home Loans that was not aggressively marketed by the newsmakers.  Many of the prominent banks have launched home loan products on fixed rates. Conventionally, the home loans are floating in the country, and they are determined by the current interest rate regime. These regimes are based on the monetary policy of the central bank and rise and fall accordingly. Unlike Personal Loan or Auto Loan, home loan is usually floating but ... read more

Home Loan For Below Rs. 10,000 Income
Earning Rs. 10,000? You can still avail home loan. Axis Bank, a private sector lender on its 20th anniversary on Wednesday launched a home loan product for people earning as low salary as Rs. 8000. With this product the bank is targeting disbursals of up to Rs 1,000 crores annually”, says a senior bank official.   To reduce the risk, such borrowers have to pay a premium to the bank. For low earners, the rate of interest would be 10.75% that is higher than what is being offe... read more

Save Thousands on your Mortgage Loan
If you are planning for a mortgage loan, then before going to market and shopping for it, have a look at this to do list before buying a mortgage loan.   Gather data from all the sources and referrals available: Approach all the possible sources and refer people around you to get the basic knowledge about the product. Also be aware of your credit history and credit score. Try to improve your credit score before availing any loan, if it is not good. See how:Some-tips-boost-loan-... read more

Benefits of Home Loan in Tax Deductions
‘Income from House property’ is a separate head for the tax under section 22 to section 27 provided by the Income Tax Act. No matter you have borrowed money for construction of a new house, purchase of property, repair or renovation of a house, the interest you pay on the money borrowed is a deduction in your tax bracket. The maximum deduction allowed for self-occupied property is Rs 30,000 per annum. If you have borrowed capital for any of the above requirements after April 1, 19... read more