Housing Loan

Simplify Home Loan Calculations with EMI Calculator

Finance - Everyone dreams of having a home to call their own. Since, buying a home requires a huge sum of money, people look for financial aid options that would help in fulfilling their dream. Home loan is a great financial aid that has helped millions realize their dream of having a home of their own. ...

Read More

How a Home Loan Balance Transfer Can Help You Save a Huge sum of Money

Finance - 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. ...

Read More

How Will Home Loan EMIs Change After Demonetization

Finance - We’ve all probably dreamt of a dream home at some point in our lives. If youre a step ahead, youve probably seen some of the best Home Loan plans available to you, and considered a few. You might even have applied for a mortgage and thoroughly looked through the Home Loan interest rates, before finalizing on one....

Read More

Tax Benefits on Home Loan

Finance - Article deals with Tax Benefit on Home loan under section 80C for Loan Principal Payment, Section 24 for Interest Payment, Tax planning of Home Loan & HRA....

Read More

Why you should focus on Total Interest Outgo instead of Loan EMI?

Finance - 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....

Read More

‘Mortgage Guarantee’ backed loans for affordable housing sector

Finance - 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...

Read More

Housing loans of Rs 15 lakh to get 1 Percent interest subvention – Budget 2011-12

Finance - The government on Monday said low-cost housing loans of Rs 15 lakh (Rs 1.5 million) will be eligible for one per cent interest subsidy, which will help in increasing the demand for such housing. In his Budget speech, Finance Minister Pranab Mukherjee said he is liberalising the existing scheme of one per cent interest subvention on housin...

Read More

Income ceiling per month per household for purposes of housing loans revised

Finance - The income ceilings of Economically Weaker Section (EWS) and Low Income Group (LIG) presently defined as Rs. 3300 per month per household and Rs. 3301-7300 per month per household respectively for the purpose of housing loans were fixed on 2006 prices....

Read More

Home Loan will cost more as teaser rates are coming to end

Finance - Home and auto loan customers will have to shell out more with several public sector banks including the State Bank, Punjab National Bank and Bank of India (BoI) deciding to end the concessional or limited period loan regime, popularly called teaser rates....

Read More

Government will take inputs from various stake holders before giving final shape to DTC

Finance - The government will take inputs from various stake holders before giving final shape to Direct Taxes Code, said the Finance Minister Pranab Mukherjee while addressing the second meeting of the parliamentary consultative committee attached to the Ministry of Finance, here today....

Read More
Sorry No Post Found

Guidelines on 1 Percent interest subvention Scheme on housing loans upto Rs. 10 lakh –

RBI/2010-11/481 RPCD.SME & NFS. BC. No. 62/06.11.01/2010-11 - (21/04/2011) - RPCD.SME & NFS. BC. No. 62/06.11.01/2010-11 - In para 43 of the Union Budget Speech of 2011-12, it has been proposed to liberalise the existing scheme of interest subvention of 1 per cent on housing loans by extending it to housing loan upto Rs.15 lakh where the cost of the house does not exceed Rs....

Read More

Scheme of 1 Percent interest subvention on housing loans up to Rs. 10 lakh

RBI/2010-11/ 399 RPCD.SME & NFS. BC.No. 52/06.11.01/2010-2011 - (08/02/2011) - While calculating the interest subsidy, each disbursement may be treated as a separate loan and for each disbursement, subsidy claim may be made for twelve instalments. For loans fully disbursed at one stroke, subsidy will be provided upfront on the entire amount of the loan disbursed. Subsidy has t...

Read More

RBI increases LTV Ratio, Risk Weight and Provisioning in respect of Housing Loans by Commercial Banks

RBI No.2010-11/324 DBOD.No.BP.BC. 69 /08.12.001/2010-11 - (23/12/2010) - It has been observed that some banks are following the practice of sanctioning housing loans at ‘teaser rates’, wherein the loans are offered at a comparatively lower rate of interest in the first few years, after which rates are reset at higher rates. This practice raises concern as some borrow...

Read More

Priority Sector Lending – Loans to Housing Finance Companies

RBI/2009-10/263, RPCD.CO.Plan. BC.46/04.09.01/2009-10 - (18/12/2009) - Please refer to paragraph 7.5 of our Master Circular dated July 1, 2009 on Lending to Priority Sector, in terms of which loans granted to Housing Finance Companies (HFCs), approved by National Housing Bank for the purpose of refinance, for on-lending to individuals for purchase/construction of dwel...

Read More

Recent Posts in "Housing Loan"

Simplify Home Loan Calculations with EMI Calculator

Everyone dreams of having a home to call their own. Since, buying a home requires a huge sum of money, people look for financial aid options that would help in fulfilling their dream. Home loan is a great financial aid that has helped millions realize their dream of having a home of their own. ...

Read More
Posted Under: Finance |

How a Home Loan Balance Transfer Can Help You Save a Huge sum of Money

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. ...

Read More
Posted Under: Finance |

How Will Home Loan EMIs Change After Demonetization

We’ve all probably dreamt of a dream home at some point in our lives. If youre a step ahead, youve probably seen some of the best Home Loan plans available to you, and considered a few. You might even have applied for a mortgage and thoroughly looked through the Home Loan interest rates, before finalizing on one....

Read More
Posted Under: Finance | ,

Tax Benefits on Home Loan

Article deals with Tax Benefit on Home loan under section 80C for Loan Principal Payment, Section 24 for Interest Payment, Tax planning of Home Loan & HRA....

Read More
Posted Under: Finance | ,

Why you should focus on Total Interest Outgo instead of Loan EMI?

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....

Read More
Posted Under: Finance |

Why reducing Loan EMI after Rate Cuts is not advisable?

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....

Read More
Posted Under: Finance |

Eight Common Myths & Misconceptions about tax

In this article we have discussed right Myth or Mis-Conceptions related to Income Tax Prevalent in the Mind of General Taxpayers related to Personal Taxation. Article Aims to clear such Mis-Conceptions. The following are some of the myths and real facts related to same:- ....

Read More
Posted Under: Finance | ,

‘Mortgage Guarantee’ backed loans for affordable housing sector

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...

Read More
Posted Under: Finance |

Tax & Loan Eligibility benefits from Home loan in Joint Names

Tax benefits of Home Loan- Overall there are two types of tax benefits that are available on the repayment of a housing loan. Interest paid on the loan is eligible for a deduction up to Rs. 1.5 lakh per annum from the taxable income of the individual under Sec 24 when the property is self-occupied or it is one ownership property lying vac...

Read More
Posted Under: Finance | ,

FAQs on Housing Loan & Income tax benefit

Home loan entitles Individuals to Deduction Under Section 80C of up to Rs. 1.50 Lakh and Interest Deduction under section 24 of up to Rs. 2 Lakh. Articles deals with Faqs on Benefit U/s. 24 and 80C on Jointly Owned Property, Under Construction Property, multiple properties and Simultaneous benefit of Interest exemption and HRA. ...

Read More
Posted Under: Finance |
Page 1 of 41234

Browse All Categories

CA, CS, CMA (3,481)
Company Law (3,399)
Custom Duty (6,603)
DGFT (3,446)
Excise Duty (4,043)
Fema / RBI (3,249)
Finance (3,454)
Income Tax (25,017)
SEBI (2,733)
Service Tax (3,280)

Search Posts by Date

September 2017
M T W T F S S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930