Pre EMI vs. Full EMI – Which Is Better?

Almost everyone plans to purchase a house before retirement. Given the inflated real estate prices, buying a house outright is not an option for many of us. Thus, many of us have to resort to home loans to finance purchase of house. Though a home loan repayment schedule can be structured in any way, I will… Continue Reading

SBI FlexiPay Home Loan Scheme

State Bank of India has recently come out with a home loan product, SBI FlexiPay Home Loan scheme.  As with all the SBI home loan products, it has created a lot of buzz among the prospective borrowers. In this post, I will discuss the important features of this scheme and what makes it different from… Continue Reading

Understanding Tax Benefits on Home Loan (Updated)

For most young professionals, buying a house tops the list of priorities. Even those who do not believe real estate makes for a good investment, do not have second thoughts about purchasing a house to stay in. Not only does it give you the comfort of living in own house, it also provides financial security… Continue Reading

Understanding tax benefits on home loan

Please read our updated article explaining tax benefits on home loan. The hardest thing to understand in the world is the income tax – Albert Einstein Most people would tend to agree with Einstein, as tax related calculations & rules are complex, intimidating and difficult to understand. At the same time, it is imperative to… Continue Reading