5 Factors That Affect Your Credit Score

A good credit score is important. It can provide you with access to a wider range of credit facilities and help reduce the cost of credit. Going forward, your credit score may play an important role in non-financial matters, say employment or taking a house on rent. Fair enough but what are the factors that… Continue Reading

How to Close Your Home Loan Quickly?

I have not found too many people who are not in a rush to close their home loans. For some, the obsession is so high that they put everything else, even long-term investments, on the back burner while they focus on closing their home loans. Do you belong to the same group? Nothing wrong in… Continue Reading

Got 2 Home Loans, Which One Would You Prepay First?

You have 2 home loans. You got an annual bonus. You want to prepay your home loan. Which home loan would you prepay first? Clearly, the one with a higher rate of interest, right? You save more by paying off the loan with a higher rate of interest. Ready-to-Move-in or under-Construction Property? The choice will… Continue Reading

HDFC Merger: Will Your Home Loan Interest Change?

HDFC Ltd. merged with HDFC Bank effective July 1, 2023, and thus HDFC Ltd. ceased to exist from July 1. Does that affect the home loan borrowers from HDFC? What Happens to the Existing Home Loan Borrowers with HDFC? HDFC Bank has released FAQs for the existing HDFC home loan borrowers and loan applicants. You… Continue Reading

You Cannot Take the Tax Benefit for Home Loan Interest Twice

The Budget 2023 made multiple announcements that had a direct impact on the middle-class taxpayers. While the most prominent was about the fresh incentives for the New Tax regime, there were quite a few other small yet important takeaways from the budget. One such takeaway was in the form of clarification about disallowing double deduction… Continue Reading