Comparing the estimated amount and corresponding EMI with your monthly budget can help you determine how the additional repayment would affect your ability to meet regular expenses and other financial commitments.
The RBI’s 25-basis-point repo rate hike to 5.50 per cent is expected to raise borrowing costs for floating-rate home loan borrowers. Banks may increase lending rates, lifting EMIs or extending tenures, as the central bank shifts to calibrated tightening
The Supreme Court agreed to hear a plea seeking a scheme to ensure equal financial loss for builders and lenders if flats under subvention plans are not delivered. The petition also seeks debt relief for homebuyers stuck in stalled projects
The Delhi High Court ruled that a husband cannot claim exclusive ownership of a property jointly registered with his wife, even if he paid the EMIs, citing the Prohibition of Benami Property Transactions Act. The case involves a Mumbai house dispute
The benchmark one-year tenor MCLR, which is used to price most consumer loans such as auto and personal, is now pegged higher at 8.95% against the earlier rate of 8.85%
Hyderabad: The Reserve Bank of India has once again increased the repo rate by 50 basis points (bps) thus taking the cumulative hike in rates to 90 bps in a span of just two months. Although this rate hike was on expected lines, many industry analysts and experts suggest that this might impact home buying […]
Mumbai: Home, auto and other loan EMIs will rise after the Reserve Bank of India (RBI) on Wednesday raised the key interest rate by 50 basis points (bps), the second increase in five weeks, to rein in a rise in prices that was seen continuing to hurt consumers in the near term. The increase in […]
New Delhi: Housing Finance Company HDFC has increased its Retail Prime Lending Rate (RPLR) on housing loans by 5 basis points. The revision would come into effect from Wednesday itself. The upward revision in rates will essentially lead to an increase in EMIs for borrowers. The hike in rates came close on the heels of […]
Christened 'EMI @Internet Banking', the facility will enable customers convert their high-value transactions up to Rs 5 lakh into easy monthly instalments, ICICI Bank said.
