Promise of Pre-EMI Payment by Builders

You have been planning to purchase a house. A completed property is quite expensive. For an under-construction property, you understand it will be difficult to manage both EMI and rent at the same time. You have heard about the concept of pre-EMI and full EMI, that are typically available for under-construction properties. You understand a Pre-EMI… Continue Reading

ICICI Bank Home Loan 1% Cashback Offer

ICICI Bank has recently launched a scheme where new home loan borrowers will get 1% of EMI as cash back. Most of us would associate cash backs with credit card or online purchases. However, as banks try to find competitive advantage in relatively commodity like home loan market, cash back has found its way into plain… Continue Reading

ICICI Bank Step-Up Home Loan Product – A Review

Almost everyone plans to purchase a house sooner or later. For those who want to purchase their house early in their professional career, affordability of the home loan can be a serious issue. Your salary grows over a period of time. Your non-discretionary expenses such as rent, groceries, utility bills, school fees for kids etc.… Continue Reading

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