Tag: Home Loan

No matter how much your income is, if you want to save your money, then a proper financial planning is a must. If you are a salaried person, you must have some plans to save your income tax every year.

A clear financial goal or smart financial goal will help you create a solid financial plan, something which will be easier to execute. Here are some ways to create a SMART financial goal. 

Generally one should not borrow more than 5 times of their take-home annual income. You should also watch that your EMI obligation does not go beyond 40-50% of you monthly take home.

"The rising demand for home loans is in line with the increasing demand for residential real estate across key markets of India. Several initiatives by the government, such as keeping the repo rate constant and reduced stamp duty rates, are steps in the right direction."

Mumbai: India’s largest lender State Bank of India (SBI) on Thursday announced reduction of interest rates on home and automobile loans by five basis points (bps). In a statement, the bank said, it has reduced home loan interest rates to 8.30 per cent. Similarly, automobile loan is now offered at a starting interest rate of […]

Mumbai: Within days of the Reserve Bank of India (RBI) lowering its key lending rate, state-run State Bank of India (SBI) on Tuesday reduced its benchmark marginal cost of funds based lending rate (MCLR) and home loan rates, effective from April 10. SBI reduced its MCLR by 5 basis points (0.05 per cent) across all […]

Good news for account holders of State Bank of India (SBI) as interest rates on home, auto and other loans across all tenors has become cheaper. The SBI has lowered the marginal cost of fund-based lending rate (MCLR) to 8.50% for the one-year tenor, down from 8.55%. A day after the RBI cut its repo […]

Mumbai: After linking its short-term loans and large savings deposits rates to the repo rate, the largest lender State Bank Friday said it will introduce repo-linked home loans from July. The lender has also reduced interest rate on cash credit account (CC) and overdraft (OD) customers with limits above Rs 1 lakh, after the RBI […]

State Bank of India (SBI), the country’s largest lender, has cut its benchmark lending rates by five basis points, thereby reducing home loan rates. The marginal cost of fund-based lending rate (MCLR) now stands at 8.40 per cent for the one-year tenor, down from 8.45 per cent, effective from today. In the current financial year, […]