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Business News/Topic/    Home Loan

HOME LOAN

Home loan is just another category of loan provided by banks or non-banking financial corporations or other financial institutions. A loan is when you borrow a certain amount of money at a pre-decided rate of interest and tenure. Home loan is one of the most popular and most commonly used categories of loans. Financial institutions keep the property bought by an individual as collateral and offer him/her a loan against the property. A home loan usually has longer tenure such as 20 years, 25 years. The rate of interest on a home loan generally depends on the key benchmark rates, which are set by the central bank, Reserve Bank of India (RBI). Although there is an option to choose a fixed rate of interest, the floating rate of interest usually ranges from 7-12%, depending on the rate cycle set by the RBI. Get the latest home loans news, videos, headlines, opinions, special reports and more here.
The distinction between fixed and variable income is critical because banks want assurance that the income used to service the loan will remain consistent over its tenure. Image: Pixabay Premium

Salary heavy on reimbursements? You may not get the loan or credit card you want

4 min read . 14 May 2025
Applying for a home loan jointly can significantly increase borrowing capacity. (Image: Pixabay) Premium

Why joint home loans could be a smart move for homebuyers

6 min read . 13 May 2025
The 50 basis point repo rate cut over the last three months gives homebuyers the perfect opportunity to buy their own house now. Premium

What are the tax benefits of taking a home loan?

2 min read . 13 May 2025
Lower your EMIs and boost savings in 2025 with a smart home loan balance transfer. Premium

3 powerful benefits of home loan balance transfer you can’t ignore

3 min read . 25 Apr 2025
Think beyond rates. Master documents, deals, and loan structures that pay off big. (Image: Pixabay) Premium

The home loan playbook: Expert tips to save time, stress, and big money

7 min read . 23 Apr 2025
Reduce your home loan EMIs and interest payments with these 5 simple strategies to improve your financial stability. (Image: Pixabay) Premium

Want lower EMIs? Try THESE 5 smart home loan tricks

3 min read . 21 Apr 2025
Home sales dip 19% in Q1. How did Delhi-NCR market perform? Find out (AI-generated) Premium

Home sales dip 19% in Q1. What about Delhi-NCR? Find out

2 min read . 18 Apr 2025
After RBI cut its repo rate, a number of banks have reduced their interest rates on home loans Premium

THESE banks cut their home loan lending rates in the past one week

1 min read . 15 Apr 2025
Joint home loans can help couples qualify for higher loan amounts and save more on taxes. Premium

Joint home loans in India: Key benefits and risks every couple must know

2 min read . 09 Apr 2025
The RBI's latest announcement would lead to cheaper home loans for millions of borrowers. Premium

Mint Explainer: How RBI's latest rate cut impacts borrowers, depositors

3 min read . 09 Apr 2025
Understanding home loan essentials is imperative to secure the best interest rates and repayment terms in India. Premium

5 essential home loan facts every borrower must know

3 min read . 04 Apr 2025
Overdraft home loans are not without their downsides. Premium

Have a home loan? Here's how to squeeze the most out of it.

6 min read . 01 Apr 2025
Home loans include Pre-EMI, which offers lower payments during construction, and Full EMI, which starts after completion. Premium

Pre-EMI vs Full EMI: Which home loan option is right for you

5 min read . 13 Mar 2025
Unforeseen events shouldn’t derail your dreams—loan protection keeps your loved ones secure. (Image: Pixabay) Premium

Loan insurance: Smart protection or unnecessary cost?

2 min read . 05 Mar 2025
Home loan: Don't panic if your home loan has been rejected. It is important to clearly understand the next steps in the process you can take to ensure a smoother experience in future. Premium

Don't panic! Here's what to do after a home loan rejection

2 min read . 03 Mar 2025
Rate of interest is a key factor, but not the only one which is supposed to sway the borrower’s decision to choose one lender over another at the time of raising a home loan. Premium

Fixed vs. floating interest rates: Which home loan option is best for you?

3 min read . 27 Feb 2025
Your credit score should be high enough to be able to raise a home loan Premium

Applying for home loan? This is the credit score you would need to get approval

2 min read . 10 Feb 2025
If banks decide to pass on the interest rate relief to new customers, the monthly EMI on a home loan is expected to come down. (Pixabay) Premium

How would 25 bps RBI rate cut reduce monthly home loan EMI and tenure? EXPLAINED

2 min read . 07 Feb 2025
Being a co-borrower doesn’t automatically qualify you for the tax benefits Premium

Tax deductions on joint home loan: What's allowed and what's not

4 min read . 31 Jan 2025
India’s housing market has shown remarkable resilience and growth in recent years, driven by urbanization, infrastructure development, and rising aspirations for homeownership. (Bloomberg) Premium

Budget 2025: What home-loan borrowers hope from the finance minister

3 min read . 14 Jan 2025
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