Friday, Mar 24, 2023

Home Loans

Want To Prepay Your Home Loan? Weigh The Pros And Cons

Jan 16, 2022 Meghna Maiti

While a lot of borrowers want to prepay their loans to save on the interest cost, they need to calculate the implications in advance to avoid last-minute surprises.

As Home Loan Tenure Goes Up, So Does Interest Outgo But EMI Decreases

Dec 16, 2021 Meghna Maiti

In India, home loan tenure depends on the kind of property you are investing in. Typically, the home loan tenure ranges between two to 30 years, depending on the lender.

Taking A Home Loan? There's More To Pay Than Just Interest Rate

Taking a home loan has costs beyond just the interest rates. One also needs to look at the processing fee, conversion charges and stamp duty. Some of these are negotiable.

Pay Off Your Old Debt To Increase Your Home Loan Eligibility

Nov 23, 2021 Meghna Maiti

Paying off existing debt and showing more sources of income increase your chances of getting a bigger home loan. Adding a co-applicant who’s working, boosts your home loan eligibility.

RBI Rates Unchanged: Should You Take That Home Loan Now?

Experts say interest rates seem to have bottomed out so if buying assets such as a home or car is on your cards, borrowers should go ahead.

01 October, 2021

Festive Home Loan Offers Abound: Should You Go For It?

Meghna Maiti

Almost every bank is trying to lure customers with attractive offers, from low interest rates to zero processing fees.

23 September, 2021

LIC To Offer Home Loans Upto Rs 2 Crore At 6.66%

Outlook Business Team

LIC HFL joins the league of HDFC, Bank of Baroda, Kotak Mahindra and Punjab National Bank, with its decision to slash home loan rates.

17 September, 2021

IIFL Home Finance Signs Pact With PNB For Co-Lending

Outlook Business Team

The financial services firm has had co-lending pacts with ICICI Bank, Central Bank of India and Standard Chartered Bank

07 May, 2020

SBI Cuts Benchmark Lending Rate By 0.15%, Loans Likely To Get Cheaper


SBI also introduced special deposit scheme for senior citizens with higher interest rate.

09 October, 2019

SBI Cuts Lending, Deposits Rate

Outlook Web Bureau

While the MCLR reduction is effective October 10, the revision in savings bank deposits rates will be from November 1, the bank said in a statement.

13 September, 2019

Couple Allegedly Stabbed To Death In Gurugram Over Unpaid Loans

Outlook Web Bureau

According to the police, the incident occurred late on Thursday in Dundehera. The victims -- 31-year-old Vikram Singh lived in a rented accommodation along with his wife -- and their son.


05 July, 2019

Budget 2019: Govt Proposes Reduction Of Rs 1.50 Lakh On Interest On Home Loan Up To March 2020

Outlook Web Bureau

Finance Minister Nirmala Sitharaman also proposed that 25 per cent corporate tax will apply on companies with up to Rs 400 crore turnover; covering 99.3 pc of corporate India.

08 August, 2018

Give Flats To Buyers Or We Will Make You 'Homeless': Supreme Court Warns Amrapali Group

Outlook Web Bureau

The apex court also asked the real estate company to file a detailed proposal on selling of its assets to raise Rs 4,000 crore to ensure completing the housing projects.

06 June, 2018

RBI Revises Affordable Housing Loan Limits, Big Boost For First Time Home Buyers

Outlook Web Bureau

In another development, the President has promulgated an ordinance recognising home-buyers as financial creditors, thus giving them greater say in insolvency of defaulting builders.

16 April, 2018

Supreme Court Asks Jaypee Group To Deposit Rs 100 Crore By May 10

Outlook Web Bureau

The bench headed by Chief Justice Dipak Misra also directed the Insolvency Resolution Professional (IRP) to consider the representation of JAL on revival plans as per law.

10 April, 2018

HDFC Hikes Home Loan Rate Upto 20 BPS For The First Time Since 2013

Outlook Web Bureau

Now, loans for upto Rs.30 lakh, the new rate will be 8.4%, up 5 bps, while for those between Rs.30 lakh and Rs.75 lakh, the new rate will be 8.60%, up 20 bps.

02 March, 2018

Your Home, Auto Loan EMIs To Go Up As Banks Hike Lending Rates

Outlook Web Bureau

While the SBI raised its one-year MCLR (marginal cost of fund-based lending rate) by 20 basis points (bps) to 8.15%, PNB increased its loan prices by 15 bps to 8.30%.


10 November, 2017

Central Govt Employees Can Now Take Advance Upto Rs 25 Lakh For Purchase Of New Home

Outlook Web Bureau

Earlier, the maximum borrowing limit was Rs 7.50 lakh with interest rate slabs ranging from 6 per cent to 9.50 per cent.

Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

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Short Story

‘Laab’ In The Mountains

He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.

Graphic Novel

Play Us A Memory, Violin Man

They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.

Chinki Sinha
Play Us A Memory, Violin Man


It’s Just Numbers, Love

Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.

Rukmini S.
It’s Just Numbers, Love


The Future of Universities: Can India Overcome The Digital Divide?

The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.

Jan 15, 2022 Saikat Majumdar

Super Immunity, Natural Vaccines, Covid Gods: A Desi Guide To Denying The Pandemic

Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.

Jan 08, 2022 Rakhi Bose

What Is The Future Of The Liberal Arts In Asia?

Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.

Jan 01, 2022 Saikat Majumdar

Nagaland To Lakhimpur Kheri: Rights, Regimes And Restitutions in Times Of Turbulence

The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.

Dec 28, 2021 Tanvir Aeijaz