What is the Difference Between Home Loans and Mortgage Loans?

To qualify for a home loan in India, you must typically be an Indian resident aged between 21 and 70 years with a stable source of income. Most leading banks require a minimum monthly net salary of ₹25,000 for urban applicants and a CIBIL score of 725 or above to offer the most competitive interest rates. Lenders generally cap your total monthly debt obligations at 50% of your take-home pay to ensure you can comfortably manage your Equated Monthly Installments. What Are The Primary Home Loan Eligibility Criteria In India? Home loan eligibility is a set of benchmarks that lenders […]

Fixed vs floating home loan interest in India is one of the biggest decisions homebuyers make before taking a housing loan. A fixed interest rate keeps your EMI unchanged for a selected period, offering stability and predictable budgeting. A floating interest rate changes according to market conditions and repo rate movements, which can lower or increase your EMI over time. The right choice depends on your income stability, market outlook, loan tenure, and risk appetite. Introduction Choosing between fixed and floating home loan interest rates in India directly affects your monthly EMI, total interest paid, and long-term financial planning. Fixed […]

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 […]