Should you use retirement savings to repay home loan at 60
Retiring with an ongoing home loan forces a tough choice: use retirement savings to clear the debt or keep paying EMIs and preserve the corpus. Experts quoted by Livemint say there is…
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RBI sets 30-day deadline for lenders to return property papers
The Reserve Bank of India requires banks and non-banking financial companies to complete loan closure formalities within 30 days of full repayment, failing which they must pay borrowers Rs 5,000 per day…
3 questions to ask before taking a second home loan
Taking a second home loan while repaying an existing one is possible in India, but lenders will assess your repayment capacity, income, credit history, job stability and the new property. You can…
SBI Research warns of rate hikes, home loan EMI may rise Rs 1,583
Retail inflation in India rose to 4.82% in August, the highest in eight months, up from 4.45% in July. Wholesale inflation also climbed to 9.92% in the same month. Rising prices of…
Bank of Baroda, Canara Bank raise lending rates by up to 10 bps
Bank of Baroda and Canara Bank have raised their Marginal Cost of Funds Based Lending Rates (MCLR) by up to 10 basis points on select tenures, effective August 12, 2026. Canara Bank…
HDFC Bank cuts MCLR by 5 bps; EMI relief depends on loan type
HDFC Bank has reduced its MCLR by 5 basis points across six of seven loan tenures, effective August 7, 2026. The one-year MCLR fell from 8.45 per cent to 8.40 per cent,…
SWP for home loan prepayment may risk tax exemption, warns expert
Taxpayers considering Systematic Withdrawal Plans (SWPs) from mutual funds for monthly home loan prepayments risk losing capital gains exemption under Section 54F, says Cleartax founder Archit Gupta. Each SWP payout is treated…
Prepaying a home loan? Early years offer maximum interest savings
Prepaying a home loan in its early years can generate significant interest savings because EMIs are front-loaded with interest during that period. A borrower with a Rs 45 lakh loan at 8.5…
