How to Calculate Your EMI for a Mortgage Loan or Loan Against Property (LAP)

RBI’s June 2025 repo rate cut of 50 basis points (to 5.5%) has already lowered home loan interest rates, making housing more affordable and spurring demand across India. Public sector banks like SBI, BoI, and PNB have cut repo-linked home loan rates to 7.75%–8.35%. For borrowers, this translates into EMIs dropping by ₹2,000–₹6,200 on a ₹1 crore loan over 20 years. This has triggered higher enquiries, faster sales conversions, and stronger demand, especially in mid-income and affordable segments across Tier-2 and Tier-3 cities. While housing demand is rising immediately, property prices are expected to appreciate more gradually, at 6–8% annually […]

If you’re buying or inheriting property in India, you’ve likely heard the term “property mutation.” While it might sound technical, it’s a crucial legal step that can save you from ownership disputes and legal troubles later. Let’s break down everything you need to know about mutation of property — what it means, why it matters, how to apply for it, and when to do it. What is Mutation of Property? Mutation of property refers to the process of updating the land or property ownership records in the local municipal authority’s revenue records. In simpler words, after you buy, inherit, or […]

1. Choose the Right Lender with Competitive Rates Not all banks offer the same interest rates — and even a 0.5% difference can save you lakhs. Tip: Compare rates from national banks, private banks, and NBFCs Use trusted platforms like Housivity to explore loan options Negotiate rates based on your credit score and salary Even better — check for seasonal loan offers (especially during Diwali, Gudi Padwa, or financial year-end) where lenders offer limited-period rate cuts. 2. Go for a Shorter Loan Tenure Yes, shorter tenure = higher EMIs. But it also means you pay off the loan faster and […]

Bad Credit Isn’t the End – It’s a New Start Your credit score can be your best friend — or your worst enemy. It’s the first thing lenders look at before saying “yes” to your home loan, car finance, or even a premium credit card. But here’s the truth: a low credit score doesn’t mean your financial journey is over. It simply means it’s time to hit reset. This guide walks you through practical, real-world strategies to rebuild your credit score in India — fast, ethically, and effectively. Whether you’re looking to buy your dream home through Housivity or just […]

Buying a home is exciting, but hefty EMIs can make tax season equally daunting. Fortunately, the Indian Income Tax Act offers some smart deductions to ease your burden. Here’s a comprehensive breakdown of how to maximize home loan tax benefits in FY 2025–26, especially if you’re planning through Housivity.com. 1. Why Home Loan Tax Benefits Exist The government understands housing is essential, so it allows tax deductions on your principal and interest payments. These incentives make owning more affordable, faster than if you relied solely on savings. 2. Your Tax Benefit Toolkit These are the four key sections where deductions apply: […]

Buying a home is a dream for many Indians—and a major financial decision. If you’re planning to take a home loan in 2025, one term you’ll constantly come across is the “repo rate.” But what exactly is it, and how can it affect your monthly EMI (Equated Monthly Installment)? This blog breaks down repo rates in simple language and shows how a single rate change can impact your loan, your budget, and your dream home journey. Let’s dive in. What is Repo Rate? The repo rate is the interest rate at which the Reserve Bank of India (RBI) lends money […]

In 2025, purchasing a home in India remains a significant financial commitment. While traditional home loans are common, many are unaware that their Public Provident Fund (PPF) account can serve as a financial resource. This guide explores how to leverage your PPF account to secure a home loan, detailing eligibility, benefits, interest rates, and the application process. Understanding the Public Provident Fund (PPF) The Public Provident Fund is a long-term savings scheme established by the Indian government, offering tax-free returns and a fixed interest rate. Key features include: Tenure: 15 years, extendable in 5-year blocks. Investment Limits: Minimum ₹500 and […]

Buying a home is one of the biggest financial decisions most Indians make in their lifetime. And when you take a home loan jointly—whether with your spouse, parent, or sibling—you not only share the loan burden but also open the door to massive tax savings. In this guide, we will cover everything you need to know about how to claim tax benefits on joint home loans, eligibility conditions, important income tax sections, deductions available, documentation required, and smart strategies to maximize your tax savings.   What is a Joint Home Loan? A joint home loan is a loan taken by two […]

Buying a home is a dream that most of us strive to achieve. With property prices rising across major cities in India, taking a home loan becomes an essential part of this journey. However, simply applying for a home loan doesn’t guarantee approval. Lenders assess various factors before approving your loan application. If you’re planning to buy your dream home, improving your home loan eligibility is the first crucial step. In this blog, we will explore 10 effective strategies that can help increase your chances of getting a home loan approved. What is Home Loan Eligibility? Home loan eligibility refers […]

A loan against property (LAP) is a popular financing option where you can avail funds by pledging your residential or commercial property as collateral. One of the critical aspects to consider before opting for a LAP is the interest rate. Understanding what determines these rates can help you secure better terms and plan your finances effectively. Let’s dive into the key factors that influence interest rates for a loan against property. 1. Type and Value of the Property The type and current market value of the property you pledge significantly impact the interest rate: Type of Property: Residential properties usually […]