A Home Loan moratorium can help in such times. It is a temporary suspension of EMIs, and it does not decrease the loan, but it allows you to cope with the urgent financial load.
As of April 9th, 2025, the RBI reduced the repo rate by 25 basis points (bps). It brought it down from 6.25% to 6.00%. This is the second reduction in 2025, with the previous cut also being 25 bps in February 2025.
Mumbai: HDFC Ltd has announced the completion of the USD 1.1 billion Syndicated Social Loan Facility for the financing of affordable housing in India. The loan has been priced 90 basis points over Secured Overnight Financing Rate (SOFR). “Affordable housing is a critical component of quality infrastructure as also a growth driver for the real […]
Hyderabad: As many of us are aware, there are a number of people who own more than two homes. Salaried persons have few alternatives for tax savings, therefore, the ability to combine HRA and house loan repayment tax deductions results in large tax savings. Salaried and self-employed people can save money while completing their ITRs […]
Hyderabad: After almost a decade, the real estate sector was able to stabilise its property prices in 2019 with home loan rates going down and the purchasing power of buyers growing. However, in the last two quarters, the affordability index, which tracks EMI to income ratio, has gone down marginally all thanks to the recent […]
Due to the pandemic, people's priorities have changed and they are evaluating their spends and investments very closely, the fintech player said in its third edition of 'BankBazaar Moneymood 2021' report.
With this, SBI's customers would get an interest concession of 25 bps on a home loan of above Rs 75 lakh, based on their CIBIL score and if they are applying through YONO, the lender's digital lending platform.
