Taking a home loan can be a good option if you are looking for financial assistance to buy a home. Most financial institutions require only minimum eligibility and provide you with a home loan at a reduced interest rate. However, to enjoy the best interest rate, you need to score well on credit rating, age, … Read more
The home loan sector is gearing up to enter the recovery phase after facing numerous challenges in the aftermath of 2020’s economic downturn. RBI’s decision regarding keeping the repo rate unchanged (4%) has been beneficial for home loan borrowers, owing to consequent reduction in interest rates. Such initiatives have created opportunities for individuals to secure … Read more
In the last bi-monthly monetary policy change, RBI has kept the repo rates unchanged for the third time. This comes after eight straight cuts in the rates since February 2019, in the government’s attempt to stabilise the fiscal deficit and promote economic growth. Changes in the repo rate directly impact big-ticket credit options like home … Read more