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A home loan moratorium gives borrowers temporary relief from making regular EMI payments or, depending on the loan structure, from paying principal during a specified period. While this can ease short-term financial pressure, it does not necessarily reduce the cost of borrowing. In many cases, interest continues to accrue during the moratorium, increasing the outstanding loan balance or extending the repayment period. The key point is simple: a moratorium can reduce your immediate cash-flow burden, but it may increase the total interest you pay over the life of the home loan. The exact impact depends on the lender’s terms, whether […]

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. 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 receive a property through gift or will, mutation officially records your name as the new owner in government documents. While a sale deed proves ownership, a mutation record allows […]

A home loan can make buying a property easier, but the interest paid over 15–20 years can add a substantial amount to the overall cost of the house. The good news is that you don’t necessarily have to wait until the end of the loan to reduce that burden. Choosing the right lender, making occasional prepayments, increasing your EMI when your income rises, and reviewing your interest rate can all help reduce the total interest outgo. Here are 10 practical ways to manage your home loan more efficiently. 1. Compare Lenders Before Taking the Loan The interest rate offered by […]

A low credit score can make borrowing more expensive and, in some cases, make loan approval harder. But a poor score isn’t a permanent financial label. With consistent repayment habits and a little patience, you can gradually rebuild your credit profile. This matters especially if you’re planning to apply for a home loan, personal loan, or credit card. A stronger credit history can improve your chances of getting favourable borrowing terms. What Is a Credit Score and Why Does It Matter? A credit score is a three-digit number based on your credit history. It reflects how you’ve handled borrowing in […]

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.  1. Why Home Loan Tax Benefits Exist The government understands housing is essential, so it allows tax deductions on your principal and interest payments. 2. Your Tax Benefit Toolkit These are the four key sections where deductions apply: Section 80C – Principal repayment & registration charges (up to ₹1.5 lakh) Section 24(b) – Interest payment for self-occupied homes (up to ₹2 lakh) or unlimited for rented houses Section 80EE – Additional ₹50,000 interest deduction […]

Buying a home is a dream for many Indians and a major financial decision. If you’re planning to take a home loan, 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 to […]

Taking a joint home loan can make it easier to qualify for a larger loan because lenders may consider the combined income of the co-borrowers. It can also provide tax benefits to eligible co-owners, but those benefits do not automatically apply just because two people are listed on the loan. For a co-borrower to claim home loan deductions, ownership of the property, participation in the loan, actual repayment contribution, property status and the applicable tax regime all matter. For Assessment Year 2026-27, the Income Tax Department confirms that the old tax regime allows eligible deductions under Section 80C and Section […]

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. 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 attract lower interest rates compared to commercial or industrial properties. Location: Properties in prime or urban […]

When applying for a mortgage loan, many factors influence your approval chances, and one of the most critical is your credit score. Often regarded as the cornerstone of financial health, your credit score determines not only whether you’ll be approved for a loan but also the terms you’ll receive, such as interest rates and loan tenure. In this blog, we’ll explore the importance of a credit score in mortgage loan approval, how it impacts your application, and tips to improve your score for better chances of success. What is a Credit Score? A credit score is a three-digit number that […]