Waive Off Penalty on HDFC Home Loan EMI Delay in November, 2015

With heavy rains causing havoc in Chennai, Tamilnadu top mortgage lender HDFC has decided to waive off any penalty on its housing loan customers impacted by the rains for any delay in EMI payments for last month that is November, 2015. "Understanding the gravity of the …

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Tata Capital: Loans with flexible EMIs..!

Tata Capital, the financial services arm of the Tata Group, has launched ‘Flexi EMI Loans’ that give customers the choice of customising their EMI repayment options, as per their convenience, a statement said. The Flexi EMI plans will offer multiple repayment options and for…

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India : Housing Loans Are Taking 40% of Income as EMIs..!

RBI Housing Data Shows Home Loans Are Taking 40% of Income as EMIs..! From Capital Mind Reserve Bank of India (RBI) has released a report on Indian Residential Real Estate Prices. T hey use bank loan data to get an idea about housing prices. Since Banks appraise houses before g…

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Home Loan: How the Interest Rate Cut will Benifit You?

How the Interest Rate  Cut will Affect your Housing Loan...

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Home loan EMI: Rs. 1,000 per lakh , Rs. 900 per lakh Which is best?

Home loan EMIs usually work out to about Rs. 1,000 per lakh of a loan availed for up to 20 years Banks are now lowering EMIs to Rs.  900 per lakh or  / even below by increasing tenure by up to 10 years Experts say this will only win customers in the short term as EMIs will h…

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Income Tax Benefits Applicable on Pre-EMIs

A housing loan has to be repaid within a specified number of months through equated monthly installments (EMIs). EMI is the monthly payment you make on your housing loan. It is a arrived at with interest & principal components. The total monthly amount is calculated in s…

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Buyer's Guide Housing Loan: What is Pre EMI?

You have chosen a property that's yet under construction. So, the lender (Banks and Hosuing Finance Companies - HFCs) makes the loan disbursement in parts based on the progress of the construction of your property. However till the home loan is fully disbursed you have …

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Can I get 2 housing loans against 2 different Properties ?

Yes, you can have as several loans against different properties. The only criteria being that you should be able to repay all the EMIs every month.

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What is Pre - EMI payment..?

What is an EMI ? You repay the loan in Equated Monthly Instalments (EMIs) comprising principal & interest. Repayment by way of EMI commences from the month following the month in which you take full disbursement. What is pre - EMI home loan interest? Pending final disburs…

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