Comprehensive Guide to Different Types of Home Loans in India – Loan Bazaar
The process of buying a home is often one of the most significant financial decisions you will make. With various Home Loan options available, selecting the right one can save you money and align better with your financial goals. This guide explores the different types of home loans offered in India, helping you make an […]
RBI’s Moves in the New Priority Sector Lending Norms to Benefit Homebuyers
The Central Bank of India (RBI) has revised Priority Sector Lending (PSL) norms, effective from the 1st of April. These changes in Priority Sector Lending (PSL) classification aim to fuel credit flow by increasing loan limits, expanding eligibility criteria, and raising targets. The most significant part of the revision is an increase in the home […]
How to Get a Better Interest Rate on Your Home Loan?
Obtaining a home loan is an important milestone for those looking to purchase a house. However, the home loan interest rates you get can significantly impact the cost of your loan over time. Whether you are a first-time homebuyer or refinancing an existing loan, finding the lowest housing loan interest rate can save you substantial […]
What is the Difference Between a Top-up Loan and a Home Improvement Loan?
Borrowing options such as Home Loan Topup and Home Improvement Loan are popular choices when managing home-related expenses. While both loans help you meet financial needs, they serve distinct purposes. Recognizing these distinctions can assist you in making a well-informed choice. What is a Home Improvement Loan? A Home Improvement Loan is designed specifically for […]
RBI’s Proposal for Prepayment Fee Ban: An Indirect hit to NBFCs and Banks
In a move that is expected to reshape the lending landscape, the Reserve Bank of India (RBI) has proposed the removal of foreclosure charges on floating-rate loans for small businesses and individual borrowers. While this decision aims to benefit consumers, it is likely to have a more profound impact on Non-Banking Financial Companies (NBFCs) than […]
RBI’s Repo Rate Cut: An Incredible Opportunity for Loan Borrowers.
The New Reserve Bank of India (RBI) governor, Sanjay Malhotra, announced that the Monetary Policy Committee (MPC) decided to cut the repo rate by 25 basis points (bps) for the first time in last five years. The repo rate, which was benchmarked at 6.50% by MPC over eleven consecutive meetings, is now reduced to 6.25%. […]
How Digital Platforms are Revolutionising the Face of Housing Finance?
In today’s fast-paced world, digital platforms are reshaping industries, and housing finance is no exception. The advent of technology has brought unprecedented ease and transparency to the process of obtaining home loans. From comparing home loan interest rates to using a home loan calculator, digital platforms have made housing finance more accessible to a broader […]
How Does Credit Score Impact Your Home Loans Interest Rate?
When planning to buy a house, understanding your credit score becomes essential. It plays a crucial role in determining the home loan interest rates you are eligible for. A good credit score can distinguish between affordable EMIs and higher monthly payments. Let’s explore how your credit score influences your home loan interest rates and why […]
What Are the Tax Benefits on Home Loans?
Purchasing a home is a major financial commitment, and many homebuyers seek home loans to make this dream a reality. In addition to the convenience and flexibility that home loans offer, they also come with a host of tax benefits that can provide considerable relief. Whether you’re a first-time buyer or already own a property, […]
How to Choose the Right Home Loan for Your Needs – Expert Tips from Loan Bazaar
Purchasing a home is a huge milestone in life, offering a sense of security, investment, and comfort for you and your family. However, securing a home loan is a crucial step in making this dream a reality. With so many banks and financial institutions offering various loan products, navigating the options can feel overwhelming, especially […]