By Abhay Shah, Realty Quarter The home loan lender requests you to send your income tax documents, such as copies of your income tax returns (ITR), in relation to your basic KYC papers (such as your proof of address and identity) and estate records (such as the chain of documents and land title deeds). […]
By Abhay Shah, Realty Quarter The Finance Minister has proposed a tax benefit of Rs.1.5 lakhs in regard of the home loan made for the purchase of an affordable house up to the value of Rs.45 lakhs subject to certain circumstances in order to give impetus to the ‘Housing for All’ mission by 2022. For […]
By Abhay Shah, Realty Quarter The National Consumer Disputes Redressal Commission (NCDRC) has said that developers should repay money for delayed projects with interests at the rate at which the nationalized bank such as SBI provides home loans during the era concerned, in order to guarantee that homebuyers retrieve their cash, including interest on house loans. The […]
By Abhay Shah, Realty Quarter There was no proposal from the government to increase the amount provided under the Pradhan Mantri Awas Yojana (PMAY), Narendra Singh Tomar (Minister for rural development, reported the Rajya Sabha on 28 June 2019. “We lately restructured this system, and we supply Rs.1.5 lakhs to build each house. No suggestion […]
By Abhay Harish Shah, Realty Quarter On Friday the State Bank of India (SBI), the largest mass-lender in the country, opened a unique era of customer credit transparency by connecting sales of their home financial goods with the amount used by the central bank to set a wider borrowing price in the industry. The lender said […]
By Abhay Harish Shah, Realty Quarter The borrower is required to sign and execute the loan agreement before getting the payment of the home loan amount. The loan agreement sets out the terms and conditions of the bank’s credit facility and establishes a mortgage at home in the interest of the bank. Although the loan […]
By Abhay Harish Shah , Realty Quarter The tax laws enable you to generate certain advantages regarding home credits. The advantages are accessible under Section 24(b) for intrigue paid and under Section 80C for the vital reimbursement, subject to specific conditions. Couples more often choose for home loans, as this can improve their home advance […]
By Abhay Harish Shah , Realty Quarter Taking a Home loan is a major undertaking in itself and one of the greatest monetary choices. A home loan is the longest obligation in our life. Now and again 10-20 yrs, this makes requests a long haul responsibility. Every month you need to pay your EMI, once […]
By Abhay Harish Shah , Realty Quarter In the first fiscal policy of FY 2019-20, the Reserve Bank of India (RBI) cut its benchmark repo rate by 25 basis points. At Present, the repo rate remains at 6%. It kept the strategy position at nonpartisan, flagging that financing costs would stay in the stable to […]
By Realty Quarter Bureau At Rs 1.5 trillion, the mortgage loan-book of ICICI Bank is half of the bank’s overall retail loan portfolio of around Rs three trillion, the bank said. “We are not only the largest private sector bank but also the largest mortgage player among our peers with an Rs 1.5-trillion loan book. […]
