Loan ,Finanace & Taxations

The Increase In The Repo Rate By The RBI Will Have An Impact On The Growth Of The Gurugram Real Estate Sector

Listen To The Article The Reserve Bank of India's decision to raise the repo rate by 50 basis points to 5.9 percent, far higher than the pre-pandemic level of 5.40 percent, is likely to restrict the pace of expansion in the residential real estate industry. The city's realtors believe the move will have a long-term impact on the sector's growth and could have been postponed until after the...

HDFC Raises Lending Rates By 50 Basis Points; EMIs To Rise

Listen to The Article After the Reserve Bank of India (RBI) raised the policy repo rate by 50 basis points (bps) to 5.9% in its Monetary Policy Committee (MPC) meeting on Friday, leading housing finance provider HDFC Ltd. raised its lending rate by 50 basis points. HDFC has executed seven rate hikes in the last five months. “Effectively from October 1, 2022, HDFC bank increases its Retail...

Know About Home Loan Processing Fees And Other Charges

The processing fee is the most essential and obvious price imposed on home loans. It is the cost that you have to pay to banks or NBFCs in order to process your home loan application. It is a one-time cost that is normally paid beforehand, you must pay it to the bank/NBFC out of your own pocket rather than having it deducted from your loan amount. There are a few banks that refer it as an...

Everything You Need To Know About Home Loan Top Up: Eligibility, Key Benefits, And Interest Rate

Home Loan Top up funds can be used for anything from purchasing furnishings to building, extending, or renovating your home. It is available to existing home loan borrowers with no security or guarantee required. Interest rates are lower, and you can get tax breaks on your home loan refinance. The lowest interest rate on a top-up house loan is 7.10%. Repayment terms can be the same as those of a home...

How Much TDS Should Be Deducted On NRI Property Purchases?

TDS should be deducted from the sale price of an NRI-purchased property, and the rest should be given to the NRI seller. If you buy a property from a Non-Resident Indian (NRI), you must deduct tax (TDS) as required by Section 195 of the Income-tax Act of 1961. (ITA). When you make a payment to an NRI for the acquisition of a property, you must deduct tax. This is only valid if an advance is being...

Capital Gain Tax On Property Sales

If you are intended to sell your property, you have to pay capital gains tax on the profit earned after deducting inflation and the indexed cost of acquisition. On the other hand, there are various strategies to reduce the capital gains tax on property sales. Selling a house is a lengthy and time-consuming operation in and of itself; adding to that the fact that you will be taxed on your capital gains...

Know About Home Loans And How It Is Disbursed

This loan is available on: Ready to move-in Houses and apartments Builder floor or under construction apartments Construction of a New House On Your Plot Extension of the existing house Renovation of your house. Benefits You get a lump sum payment and pay in easy EMIs for up to 20, or may be 30 years, which gives you more financial strength. If you are young, you can encash your...

Home loan

Documents For Home Loan: Apply Housing Loan

The process of applying for a home loan has become easy and accessible. It requires basic personal, employment, income, and property details to complete the documentation. Once you have submitted the application online, wait for the approval. If all the documents are correct and genuine, the loan must be approved and a sanction letter issued. The final loan amount may be different for salaried and...

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