Home Loan Vs. Mortgage Loan: Know The Difference

When navigating the world of property financing, understanding the distinction between a home loan and a mortgage loan is crucial. Though often used interchangeably, these terms have specific differences that can impact your financial planning. This guide will help you distinguish between them, ensuring you make informed decisions.

Home Loan Balance Transfer: Unlocking the Path to Savings

In the realm of managing home loan finances, a balance transfer facility emerges as a strategic tool for homeowners seeking to optimize their finances. Through home loan refinancing, you can transfer your outstanding loan amount from the existing lender to a new lender, typically to avail of a lower home loan interest rate. 

Tips for a Smooth Home Loan Balance Transfer: Dos and Don'ts

In the case of home loans, the rate of interest offered plays a crucial role in determining the affordability of the loan. High home loan interest rates can easily push one's EMIs into the unaffordable range and amplify the burden of loan repayment. 

The Role of Home Loan Tax Benefits in Affordable Housing Initiatives

Homeownership is a dream for many individuals and families, and governments around the world have recognized the importance of making housing more affordable. In an effort to support affordable housing initiatives, governments often provide tax benefits specifically targeted towards home loans. These home loan tax benefits play a significant role in making homeownership more accessible and financially viable for individuals. In this blog post, we will explore the crucial role of home loan tax benefits in affordable housing initiatives, shedding light on how they can positively impact aspiring homeowners.

Bank of India slashes home loan interest rates to 8.30 percent

New Delhi: Bank of India’s Star Home Loan now comes with a best-in-class competitive interest rate starting at 8.30 percent per annum with most affordable EMI beginning at Rs.755 per lakh.

Bank of Baroda slashes home loan interest rate for limited period

State-owned lender Bank of Baroda announced a reduction in home loan interest rates from 6.75 to 6.50 percent for a limited period.

Union Bank of India cuts home loan interest rate to all time low of 6.40 pc

Kolkata/IBNS: Union Bank of India today announced reduction in its Home Loan interest rates with minimum rate of Interest now starting at 6.40 percent. The reduced rate will be effective from October, 27.

Bank of India reduces Home Loan and Vehicle loan rates

New Delhi/Kolkata: As a part of festive offer, Bank of India, one of the premier nationalised Bank has announced a 35 basis point reduction in its Home Loan interest rates and a 50 basis points reduction in Vehicle Loan interest rates with the minimum rate now starting at 6.50 per cent against 6.85 per cent on Home Loans and 6.85 per cent against 7.35 per cent earlier on Vehicle Loans.

5 Things to Consider before Opting for a Home Loan Balance Transfer

A home loan balance transfer becomes necessary when you are unsatisfied with the home loan interest rate your current lender offers. It is also a smart alternative if you require a top-up loan as well.

Get Instant Digital Home Loan Sanction Letter with Bajaj Finserv

The popularity of online banking and transactions has paved the way for accelerated growth of fintech companies. The fast-paced lifestyle of most individuals is a major proponent for such online service providers. Among the services offered by fintech organisations, alongside online credit disbursal facilities, digital home loan sanction letter issuance has also gained ground in recent years. Bajaj Finserv is one such HFC, which has incorporated such digitisation seamlessly into its financial products.

Paying High Interest on Home loan? Here is How to Reduce Your EMI

India’s lendingmarket is enjoying a 15-year low home loan interest rates, thanks to multiple repo rate cuts introduced in 2020. Some lenders are offering such housing credit at rates lower than 7% per annum.

Here’s everything you need to know for taking an Instant Personal Loan

While keeping aside a small portion of your savings for unplanned and unannounced financial emergencies may seem like good practice, many times, the majority of us aren’t prepared for such situations. Thankfully, there are many financial options available in the market like an instant personal loan that you can consider at such times.

Five Benefits of Taking a Home Loan

Being a homeowner calls for a continued commitment towards the improvisation, renovation and modernization of home. Such quality maintenance not only improves the aesthetic appeal of the apartment but increases the value of the property as an asset. Listed below are five ideas for getting a budget for apartment modernization.

How To Check Names in Pradhan Mantri Awas Yojana (PMAY) List?

Have you heard about the Pradhan Mantri Awas Yojana (PMAY)? It is a Central Government scheme which was launched in India in June 2015.

What arethe Effective Ways to Reduce Home Loan EMI?

The housing credit sector in India is rising at a compound annual growth rate (CAGR) of 18%. The key reason behind this growth is the easy availability of affordable homes all across the country with schemes like the Pradhan Mantri Awas Yojana (PMAY).