Five handy tips to lower the burden of home loan EMIs
March 08, 2021 17:10 IST
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March 08, 2021 17:10 IST
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A home loan is a go-to solution to purchase the house of your dreams. Relatively low interest rates, longer tenors, and attractive offers make it a popular vehicle to finance your real estate purchase.
But when it comes to the repayment of your home loan, you need to be smart about your monthly outgo towards the loan. If not planned well, home loan instalments (equated monthly instalments or EMIs), may put undue stress on your monthly budget and increase the cost of your loan. If you are planning on availing of a home loan or have already taken one, consider these simple tips to lower the burden of EMIs.
Home loan digital sanction letter in 10 minutes with Bajaj Housing Finance Limited ANI | Updated: Feb 16, 2021 16:09 IST
Pune (Maharashtra) [India], February 16 (ANI/NewsVoir): Bajaj Housing Finance Limited (BHFL), a subsidiary of Bajaj Finance Limited, has recently announced a revision in the approval time for home loans across the board. Customers can now receive a digital sanction letter for an e-home loan within just 10 minutes .
This will help expedite the process of locking in on a property for aspiring homeowners. Borrowers can save time and complete the process over a shorter duration. With BHFL s high-value home loan of up to Rs 3.5 crore at rates starting 6.9 per cent p.a. , and instant processing in 10 minutes , borrowers can streamline the entire home-buying procedure. The digital sanction letter stands valid for 180 days.
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Bajaj Finance Q3 results: Net profit falls 29% to Rs 1,146 cr; provisions, bad loans rise
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Bajaj Finance Q3 results: Net profit falls 29% to Rs 1,146 cr; provisions, bad loans riseETMarkets.com
Last Updated: Jan 20, 2021, 07:22 PM IST
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Net Interest Income (NII) for the quarter was Rs 4,296 crore as against Rs 4,535 crore in the year ago quarter, registering a drop of 5.27 per cent.
PTI
The company said this was predominantly due to higher reversal of interest income at Rs 450 crore versus Rs 83 crore in Q3FY20 and higher cost of liquidity surplus at Rs 213 crore versus Rs 83 crore.