With the Reserve Bank of India reducing its repo-rate for the 5th consecutive time, and the new mandate for financial institutions to link their home loan interest rates to an external benchmark, housing loans have become much cheaper for borrowers. To understand how RBI’s repo-rate cut can affect payments of home loan EMI, it is first…Read More Know How a Decrease in Repo Rate Will Lower down Your Home Loan EMI
You might have heard the phrase ‘dream home’. We all have it but very few of us can afford it! According to a census conducted in 2011, it was seen that 69% of urban families own a house. If you fall this percentage then be happy! Else you still have a long road ahead to…Read More What To Do When You Don’t Have Money For Down Payment?
The Pradhan Mantri Awas Yojana or PMAY is one of government’s most ambitious projects to provide affordable housing to economically backward sections of both rural and urban India. The project has completed four years with over 26 Lakh houses built as a part of of affordable housing. However, it still falls short of the total…Read More Pradhan Mantri Awas Yojana – Urban may get a Thrust