Income Tax : The New Tax Regime restricts Section 24(b) benefits, disallowing set-off of home loan interest against salary income. Taxpayers mu...
Income Tax : Understand the taxation rules for income from house property, including the basis of charge, computation of Gross and Net Annual V...
Finance : Learn about fixed and floating home loan interest rates. Know how each affects your monthly payments, loan tenure, and overall cos...
Finance : Owning a home is a dream for many, but a home loan is a long-term financial commitment that can span several years. Given rising l...
Income Tax : Learn how to optimize home loan interest tax benefits for self-occupied and rented properties. Strategies include reducing capital...
Finance : Launched in January 2018, Bajaj Finserv’s new website is a perfect example of consumer satisfaction. Why? Well, it’s because o...
Finance : Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, today announced the launch of a new home loan, w...
Finance : ICICI Bank, India’s largest private sector bank by consolidated assets, today announced reduction of interest rates by upto 30 b...
Corporate Law, Income Tax : Credit Linked Interest Subsidy scheme for tax paying Middle Classes made effective from January 1 this year. Those sanctioned hous...
Finance : ICICI Bank launches ‘Mortgage Guarantee’ backed loans for affordable housing sector First bank in India to offer this facilit...
Income Tax : During the appellate proceedings, the assessee has submitted that it has taken loan for purchase of two residential properties whi...
Income Tax : Vishwa Kalyan Society Vs DCIT (ITAT Ahmedabad) Brief facts of the case are, that the assessee is a Charitable Trust, having income...
Income Tax : The issue under consideration is whether the default in home loan by the owner of the property can be the reason to disallow the c...
Income Tax : NOTIFICATION NO. 93/2008, DATED 30-9-2008 Reverse Mortgage means mortgage of a capital asset by an eligible pcrscn against a loan ...
ICICI Bank, India’s largest private sector bank by consolidated assets, today announced reduction of interest rates by upto 30 basis points for home loans upto Rs 30 lakh in its bid to boost affordable housing in the country. With this reduction, salaried borrowers can avail home loans at among the lowest rates in the industry. Salaried women borrowers will get home loans at 8.35% and others at 8.40%.
Your Home Loan is a secured loan. Compared to unsecured loan options, this huge loan comes at a comparatively less rate of interest. However, when you consider the large amount and the long tenure it takes to pay off the loan, even this low interest rate can cost you a lot.
Credit Linked Interest Subsidy scheme for tax paying Middle Classes made effective from January 1 this year. Those sanctioned house loans and applied for since January 1st eligible for interest subsidy of up to Rs.2.35 lakh each
It has been observed that banks are little apprehensive on approving loan for under construction property in comparison to resale or launched properties. The bank requires thorough documentation of the under construction property stating property validity, completion dates, no objection certificate from the concerned departments, and the like.
Since common man is directly affected by the income tax provisions every budget raises expectation levels of common man on this front. What the common man is expecting from finance minister this time?
Your main focus of getting your EMIs reduced can come in way of your financial well-being. It is true that lower EMIs mean a more comfortable and less stressful life. But it also means that you will end up paying higher total interest during the loan tenor. How? Let’s take an example.
It’s very natural to avoid paying higher EMIs if you have a chance to pay lower ones. Isn’t it? After all, who wants to have the additional burden of paying larger EMIs for loans that run for years? But going for lower EMI might not be a financially prudent choice. Let us try to understand why it is so.
You have decided to opt a Home Loan Balance Transfer and worried about the procedure, what are the steps involved? Most of us consider Home Loan Balance Transfers to enjoy reduced interest rates. Consider the pros and cons before you take the leap.
ICICI Bank launches ‘Mortgage Guarantee’ backed loans for affordable housing sector First bank in India to offer this facility for retail customers It can enhance a home loan by up to 20% within regulatory norms It allows a borrower to choose an extended loan tenure up to 67 years of age
Balwant Jain From the phrase “Roti, Kapda aur Makan”, it is evident that Makaan is one of the three basic needs of a person. A person puts in a significant portion of his present and future savings in order to have a roof over his head. Earlier people used to get the house constructed with […]
