Borrowers need to be careful while considering taking a loan due to low interest rates. A sweet home loan deal should not be sole trigger for buying.
Home loans: The SBI offer is a first of its kind across the industry and the interest rate is the same up to Rs 75 lakh loan amount.
SBI has announced a festive offer that will let borrowers avail of a home loan for any amount at a rate as low as 6.7%
Home loans: There are home loans available where one can pay lower EMIs in the initial years and subsequently it will increase in the later years.
The revised interest rate on loans after the reduction is 7.45%. This will come as a relief to the customers and their wallets.
Home loans: The rate announced by the bank for the festive season is applicable from September 10, 2021, to November 8, 2021.
The main difference between home equity loan and mortgage is the tax benefit.
Most crucial part of application is credit appraisal, which involves collection of personal & financial details of buyers, followed by verification.
Home loan EMIs keep running for over a decade or a two. You should transfer your loan if you are in the initial phase of your loan tenure.
There was a 42% rise in demand for switching lenders in the first half of 2021, said the study