By Abhay Shah, Realty Quarter In the event that you are an employee, the income tax regulations provide certain advantages in regard to rent paid by you for your housing. Under Section 10 (13A) you can request tax advantage for the House Rent Allowance (HRA) only when you are receiving HRA from your employer and […]
Things to know before paying rent to your close relatives – Income Tax Laws.more
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 […]
Important clauses a borrower should read before signing a Home Loan Agreement.more
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 […]
Tax benefits for having Home Loan Jointlymore
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 […]
Top Home Loan Provider Banks – Mumbai.more
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 […]
Checkout the Home Loan interest rates and EMI offered by top 15 banks in India – April 2019.more
By Abhay Harish Shah, Realty Quarter If you are the one who is planning to own a house or is confused whether living is rental premise is a good option or not then this article is for you.Most of the people are confused about whether to spend their lifetime money on getting a House or […]
Getting your Own House VS Living in a Rental Place – Which one is Best?more
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. […]
ICICI Bank aims growth of home loan book by 2trillion in FY20more By Realty Quarter Bureau Housing loans of up to Rs 35 lakhs, for dwellings costing less than Rs 45 lakhs, will be treated as priority sector lending (PSL), to give a fillip to the low-cost segment, the Reserve Bank said, on June 19, 2018. PSL loans are relatively cheaper than market interest rates. “With a […]
RBI raises the housing loan limit for low cost homes segmentsmore
By Realty Quarter Bureau HDFC, the country’s largest housing finance company, has increased home loan rates by up to 20 basis points (100bps = 1 percentage point). It said the revision follows an increase in the cost of funds from last year. Most of the bank’s customers would be affected only marginally. Interest rates on loans up […]
HDFC hikes home loan rates up by 20 basis pointsmore