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EMI

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RBI repo rate impact on Real Estate

  In what has been rumored as one of the biggest newsmakers for the year, the RBI has disappointed the home loan borrowers by increasing the repo rate by 25 basis points. Such a move has let down the real estate sector significantly, especially as increased borrowing costs can have an adverse effect on property transaction. Increase in repo […]

CommonFloor Editorial Team

home discount

Choose your festive schemes before buying a home

Festivals and schemes It is the festive season painted with rainbow colours in India. If you are a potential home buyer, then be sure to be tempted by dozens of festive discounts and offers from the builders. Along with the home, there awaits a gamut of freebies and discount offers and innovative schemes and strategies […]

Pre-EMI vs Full EMI: Which one to go for?

The dilemma The most common dilemma a potential home buyer faces while planning to invest in an under construction or partially completed project is that of which home loan repayment schedule to go for. There are predominantly two options to choose from, one can either opt to pay full, equated monthly installments (EMI) or pre-EMIs. In […]

CommonFloor Editorial Team

Income tax benefit of a housing loan: Section 24

What is a home loan? A home loan or mortgage is nothing but the funding for a new home by any bank or a financial institution. Banks disburse loan to the home owner/loan seeker who meet the specified criteria. Basically a home loan is divided into two parts – the principle payment and the payment of interest. […]

Home Loan Interest Rates In India

Having an elegant home is every person’s dream as it is one of the most important assets which can be possessed. Most property buyers go for a home loan to buy property in India. Perhaps, escalating property prices is one of the major hindrances while buying a home. It is not just the property rates that […]

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