With the exception of those who acquired an early inheritance or who have saved diligently for years, applying for a home loan is something most South Africans will need to do to pay the purchase price of a home. Before you begin the home hunting process, it is important toRead More →
Is it good to prepay your mortgage? Archit Gupta, Founder and CEO of Clear, said the interest component on home loans is higher in the early years but continues to decline towards the end of the home loan term. If you repay your home loan early, the amount is usedRead More →
Consumer finance company Home Credit Philippines Inc. has launched a campaign to bring hope to Filipinos during the pandemic and teach the public basic financial literacy. The company, which entered the country nine years ago by funding cellphones for regular consumers, said the campaign was part of the company’s goalRead More →
Consumer finance company Home Credit Philippines has so far served nearly 9 million customers in the country and the new suite of services and partnerships aims to increase that number in the coming months. At a press conference recently, Home Credit Philippines (HCPH) highlighted its aim to respond to theRead More →
By CNBCTV18.com Contributor August 31, 2022, 3:51 PM STI (Update) mini Buying a home is a once-in-a-lifetime opportunity, which is why choosing the best home loan product becomes crucial. As a borrower, you should exercise caution and obtain enough information to make an informed decision before taking such a majorRead More →
Since 2022, Home Credit has empowered female customers (50%), the youth segment (27%) and introduced digitalization and innovation (63%) while continuously creating social impact and supporting causes that add of value to the lives of Filipinos. Home Credit gained 466,000 new customers from different walks of life, and more, givingRead More →
Deepening its commitment to Filipinos To bring Filipinos closer to the life they want, the country’s leading consumer finance company, Home Credit Philippines (HCPH), continues to expand its offerings by innovating its products and partnering with more brands and retailers in key categories, such as health, fashion, beauty, and fitness.Read More →
There are a lot of questions you will need to ask yourself when looking for a home loan. Which lender is right for you? Do you want a fixed or variable interest rate? What are the features you can’t live without? Finding a loan that ticks all the boxes canRead More →
MANILA — Consumer lending company Home Credit said on Tuesday that laptops and bicycles have recently become the top items for customers applying for loans. “Home Credit is known for financing mobile phones, but recently it’s very important, laptops. It’s back to school, we have developed a lot of ourRead More →
A fixed rate home loan can be a great way to protect your finances against any interest rate hikes, allowing you to confidently organize your budget around your monthly repayments. But your circumstances may change, and over time you may find that being locked into a fixed rate is noRead More →
Among the company’s efforts to empower Filipinos include lending facility to new borrowers, especially women, to help them own gadgets Home Credit, the leading consumer finance company in the Philippines, is strengthening its programs to promote financial inclusion and serve unbanked and underserved Filipinos, in line with the Philippine government’sRead More →
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A new guide helps borrowers avoid home loan train crashes. Splashing on the high life too regularly can jeopardize any buyers’ hope of securing a bank loan, warns a leading New Zealand mortgage expert. “Spending money unnecessarily makes lenders nervous,” says William Laban, managing director of mortgage advisory firm LoanRead More →
A disciplined borrower can use several financial products available on the market to facilitate his financial journey. A supplemental home loan is one of the easiest ways to borrow money without too much documentation and verification. It also offers more flexibility and better functionality than other debt instruments. One ofRead More →
By Namit Jain The car is no longer a luxury. It has become an essential purchase that allows you to easily move around in the comfort of your private space. Car finance is one of the largest categories of consumer credit in India. In particular, used car financing has becomeRead More →
What are the different fixed and variable interest rates offered for home loans today? Let’s take a detailed look at the interest rates of banks and housing finance companies. – Institution Amount of the loan Below Rs. 30,000,000 Rs. 30 to75,000,000 Rs. 75,000,000 More BANKS (Floating rates) Axis Bank 8.10-8.55Read More →
Your decision to purchase a home for yourself and your loved ones is monumental, and careful planning and preparation bodes well for the exciting real estate prospects that await you. While most of us meticulously save some of our income, this may not be enough to fund a major propertyRead More →
Social Panga won the integrated creative and digital mandate for Home Credit India. Social Panga will deliver innovative and effective brand communications and seek to grow its presence across all platforms. As per the Terms of Reference, Social Panga’s Gurugram team will manage the account. The goal is to sparkRead More →
For Home Credit India, Social Panga will deliver innovative and effective brand communications and seek to grow its presence across all platforms Social Panga, the integrated creative and digital marketing agency, has won the integrated mandate (creative and digital) for Home Credit India. Social Panga will deliver innovative and effectiveRead More →
The account will be managed from their Gurugram office. Social Panga, the integrated creative and digital marketing agency, has won the integrated mandate (creative and digital) for Home Credit India. Social Panga will deliver innovative and effective brand communications and seek to grow its presence across all platforms. As perRead More →
The banks give you a provisional mortgage certificate summarizing your loan, including interest and principal for the current financial year. Your home loan offers you certain tax advantages. Upon payment of the EMIs of the home loan, you are entitled to a tax benefit of 80C (Income Tax Act) forRead More →
I have a small auto parts business. Since my income is below the taxable limit, I do not file any income tax returns and do not keep any accounting books. I have never taken a loan from a bank/NBFC before and have no loan history. Can I get a homeRead More →
Australians are more worried than ever about not being able to repay their mortgages. (Source: Getty) Australian mortgage holders are feeling worried about their mortgage repayments, with 30% admitting that defaulting on their home loan is a major concern, according to a new study. The research, conducted by Aussie, foundRead More →
Tax deduction on home loans: Buying a house with the help of a home loan can not only free you from the hassle of renting but also help you in terms of tax savings. You will not have to pay tax up to Rs 3.5 lakh in a financial yearRead More →
India’s leading housing finance mortgage company, LIC Housing Finance Ltd (LIC HFL), following the Reserve Bank of India’s (RBI) recent decision to increase the repo rate in its policy August 2022, announced an increase of 50 basis points or 0.50%. borrowing rates, starting Monday, August 22. Y Viswanatha Gowd, ManagingRead More →
As of August 12, 2022, the Extra Home Loan floating benchmark rate for owner-occupied home loans is 5.53% per annum (principal and interest) and the Extra Home Loan floating benchmark rate for investment is 5.88% per annum (capital and interest). 1 Offer available on qualifying home loans funded from 1Read More →
The Reserve Bank of India (RBI) has hiked the repo rate by 140 basis points (bps) to 5.4% so far this year, taking interest rates slightly above pre-Covid levels . The repo rate is the rate at which commercial banks borrow money from the RBI to meet their short-term fundRead More →
To help strengthen its position in fintech and expand solutions and opportunities for consumers and partners, Home Credit International (HCI) is launching EmbedIT Philippines Inc. (EITPH). EmbedIT is the IT services entity owned by HCI which was founded in the Czech Republic and began operations in the Philippines earlier thisRead More →
As we live in a world that seems to be the golden age of photography, how can we define a “perfect” photograph? For professionals, this can be a unique opportunity to show off their skills and passion for capturing powerful photos. while for content creators, it can be a snapRead More →
(Bloomberg) – Mitsubishi UFJ Financial Group Inc. is in advanced talks to acquire the assets of consumer lender Home Credit in Indonesia and the Philippines, according to people familiar with the matter. MUFG, as Japan’s biggest lender is known, became the likeliest buyer for the companies after outbidding other rivals,Read More →
Existing home loan borrowers can exercise the home loan balance transfer option to transfer their outstanding home loans to other banks/housing finance companies (HFCs). Under this facility, the new lender repays the outstanding principal amount of their outstanding home loan to the existing lender and in turn sanctions a newRead More →
Organized by the prestigious HR Asia magazine, “HR Asia Best Companies to Work for in Asia” is an annual award recognizing companies with outstanding HR policies, attractive programs, cohesive and inclusive work environments. Culture of diversity, equity and inclusion “Winning the award for two consecutive years is the result ofRead More →
Despite the relative ease of applying for a home loan, your home loan application should always be a measured and calculated decision, as the quality of your application has immense power over the type of home loan you are likely to receive, in terms of Amount of the loan.Read More →
Section 45L of the Internal Revenue Code provides builders of single and multi-family homes a tax credit of $2,000 to meet certain energy conservation requirements. However, the 45L tax credit expired at the end of 2021, leaving homebuilders waiting for its renewal. The Inflation Reduction Act of 2022, signed intoRead More →
Sometimes it is common to realize how much of a scam your current mortgage agreement is; maybe quitting smoking might fix things. While it’s understandable that markets change, and so do interest rates, you may only want to pull out to ease the financial grip. Refinancing is perfect leeway toRead More →
Home loans are a long-term financial commitment and selecting the ideal loan is a critical decision that, if done correctly, can save money and unnecessary hassle for the life of the loan. Availing of a home loan can be easy if planned correctly. It is crucial for aspiring home borrowersRead More →
Managing your EMI home loan well is key to ensuring it doesn’t disrupt the rest of your finances. Whether you are looking for a new home or making this choice as an investment, buying a home requires careful preparation and savings. Therefore, it is important for you to determine theRead More →
A man offered to let his friend live in his new residencebut now he has doubts. How to Avoid Panic Buying in a Highly Competitive Real Estate Market The man took to Redditit is “Friendship” forum to let off steam on the situation and ask your colleague Editors for aRead More →
Deciding to buy a home is an overwhelming experience; and while it may be wiser to buy residential property with your savings, sometimes it may be wiser to take out a home loan. “Let’s say you take out a loan of Rs 50 lakh over a period of 20 years.Read More →
Rising inflation prompted central banks around the world to raise interest rates. This has also resulted in an increase in interest rates on home loans, leading to an increase in EMIs on home loans. Here’s how much India’s biggest banks have hiked mortgage interest rates in 2022. Home loan EMIsRead More →
Consumer lending company Home Credit is strengthening its programs to promote financial inclusion and serve unbanked and underserved Filipinos, in line with the government’s strategy to expand financial inclusion to more Filipinos. In July 2022, the Bangko Sentral ng Pilipinas (BSP) launched the National Strategy for Financial Inclusion (NSFI) 2022-2028,Read More →
What are the different fixed and variable interest rates offered for home loans today? Let’s take a detailed look at the interest rates of banks and housing finance companies. – Institution Amount of the loan Below Rs. 30,000,000 Rs. 30 to75,000,000 Rs. 75,000,000 More BANKS (Floating rates) Axis Bank 7.60-8.05Read More →
Talk to any real estate professional about the home buying process, and the first thing they’ll tell you to do is speak with a lender so you can figure out what you can afford and obtain a pre-approval letter. What isn’t often communicated, however, is what you should be doingRead More →
Home Credit Philippines recognized Atty’s invaluable contributions. Rodolfo Publico to business and the financial sector. Atti. Rodolfo Publico Publico has served as an Independent Director of Home Credit Philippines since the company began operations in the country in 2013. Publico’s wisdom and guidance has helped HCPH succeed and build theRead More →
Frazer police arrested a woman they say confessed to using a company credit card to steal more than $42,400 from the nursing home where she worked because, she said, they reneged on their promise to pay him bonuses for recruiting new employees. Jennifer L. Ward, 48, of the 900 blockRead More →
Ashish Tiwari to refresh Go-To-Market strategy, Custex and drive digital omnichannel brand development for Home Credit India. Home Credit India, a local branch of the international consumer credit provider, has appointed Ashish Tiwari as Chief Marketing Officer (CMO). With over two decades of experience in various industries, Ashish has practicedRead More →
With the continued focus on omnichannel marketing led by a digital-first approach, Home Credit India, a local arm of the international consumer credit provider, has appointed a dynamic Marketer, who calls himself a Marketer Digital – Ashish Tiwari as Chief Marketing Officer (CMO). With over two decades of rich experienceRead More →
Home Credit India has appointed Ashish Tiwari as Chief Marketing Officer (CMO). With over two decades of experience in various industries, Tiwari has practiced brand marketing, digital transformation, technology and data analytics. His previous role was as director of marketing and digital at the Indian branch of Italian insurance giantRead More →
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So far this year, more than half of the applications submitted under the government’s local authority housing loan scheme have been rejected, according to figures provided by Housing Minister Darragh O’Brien. Eoin Burke-Kennedy has the details. Irish consumers are spending more on groceries, restaurants and fuel while reducing leisure activities,Read More →
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So far this year, more than half of applications made under the government’s local authority housing loan scheme have been rejected. The scheme, which provides state-backed mortgages to first-time buyers and new applicants who have been refused a mortgage or offered insufficient financing from traditional lenders, is one of manyRead More →
The real estate market is seeing a rebound in demand after two years of the covid pandemic, with many consumers looking to buy their dream home now. Some are even looking for larger homes to accommodate a work-from-home routine. Are you one of those who want to buy a houseRead More →
Owning a home is set to become easier for young South Australians thanks to a new taxpayer-funded loan scheme. HomeStart, starting Tuesday, will reduce its graduate loan to a minimum deposit of two percent, down from three. Stay on top of the latest news with The SA Briefing – catchRead More →
Home loan is a long-term financial commitment as it involves larger loan amount and longer tenure. Approval of the home loan application ultimately depends on the borrower’s credit rating and ability to make a margin contribution or down payment, as well as ability to make timely repayment to the future.Read More →
THE UK could be on the verge of a housing revolution to rival Margaret Thatcher’s sale of social housing in the 1980s. It may prove just as divisive. The ruling Conservative Party’s plans, including possible 40-year fixed-rate mortgages, are the latest part of the idea of ”property democracy” championed byRead More →
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Borrowing from the “point of sale” offered by Home Credit is the first experience many Filipinos have with any type of credit. Borrowers can apply for a loan from the thousands of Home Credit partner merchants where they can purchase their digital devices. They can also apply for a loanRead More →
On August 5, 2022, the Reserve Bank of India (RBI) raised the repo rate by 50 basis points (bps) to 5.4%, taking it above pre-pandemic 2020 levels, as this has been speculated for some time. This is the third time the RBI has hiked the repo rate in a matterRead More →
If the latest cash rate hikes have you considering switching to a lower rate mortgage lender, you may be looking for cash back offers to smoothen your refinancing process. This month, there are 30 cash back offers for refinancers and two for new purchases, along with additional benefits for certainRead More →
The affordable housing segment is the most vulnerable to interest rate fluctuations and is dependent on the EMI. The impact of a rise in interest rates would be somewhat higher in this segment, says Atoul Monga, General Manager of Basic Home Loan in an exclusive conversation with ET. Edited excerpts:Read More →
India’s central bank raised key pension rate to 5.4%, which will make EMIs for mortgages and other loans more expensive. This is the third such hike by India’s central bank in the past four months. The industry also appeared to be battered by the timing of this surge, as India’sRead More →
Although the cost of borrowing a home loan is mainly determined by the interest rate, borrowers should also consider the additional fees that lenders levy on the sanction before making their choice. It is advisable not to restrict their preferences only to those who offer low interest rates. Several otherRead More →
On Tuesday, the Reserve Bank of Australia raised its key rate for the fourth consecutive month, raising it by 50 basis points. Since then, several major lenders have announced that they are fully passing on this increase. The cash rate now sits at 1.85%, with the latest increase being theRead More →
Dubai: In an ideal world, you’ll retire debt-free, but that might not be realistic. While it depends on how much debt you have, any debt other than home loans should be dealt with quickly, experts reiterate. According to recent statistics, almost a quarter of current retirees worldwide still have anRead More →
NAB today announced changes to savings products and home loans. Savings rate: NAB’s iSaver (standard variable and bonus) will increase by 0.50% per year starting August 12, 2022 NAB’s Reward Saver bonus rate will increase from 0.50% per annum to 1.75% effective August 12, 2022 NAB’s 12-month term deposit willRead More →
Who is a co-applicant? In a solidarity home loan, you can add up to nearly 7 co-applicants, which lightens your repayment burden. All co-applicants must contribute to the repayment of the loan, substantially equalizing the burden of the EMI for each individual. If the lead applicant is unable to repayRead More →
New real estate loan: Presentation Buying a house in India is a special feeling. With the rising cost of housing, it has become mandatory for most people to take out a home loan. Buying the right property is crucial. Likewise, getting the right loan and determining an EMI that youRead More →
Nowadays, owning a phone is a necessity. What was once a communication tool has suddenly become a need for work, going to school, paying bills, and even grocery shopping. Almost everything can be done with just a few taps on the device in your hand. In addition to providing solutionsRead More →
Nowadays, owning a phone is a necessity. What was once a communication tool has suddenly become a need for work, going to school, paying bills and even grocery shopping. Almost everything can be done with just a few taps on the device in your hand. In addition to providing solutionsRead More →
Rising monthly equivalent payments (EMIs) are giving many home loan borrowers sleepless nights. Indeed, the Reserve Bank of India (RBI) has increased the repo rate by 0.9% since May 4, 2022. Banks have also passed the entire rate hike on to customers, which has led to an increase in borrowingRead More →
A team of realtors and loan officers provide commercial and residential services to first-time buyers, making the process quick and easy. Texas, USA, August 2, 2022, ZEXPRWIRE, Buying a home is a long-term decision that requires careful consideration and financial planning. Many families in the United States plan for upRead More →
How much does a home loan cost Actually Cost? Between principal, deposit, fees and interest, there are a lot of expenses to consider. Not to mention that it all spans decades, which can make it hard to figure out how much you’re actually spending. This is where home loan calculatorsRead More →
Indiabulls Housing Finance has increased its lending rates on housing and MSME loans. The hike was made 25 basis points on these term loans and follows recent revisions from other major real estate lenders and banks. However, the revised tariffs will come into effect from August 1 for new customers,Read More →
Housing allowance (HRA) is a component received by salaried taxpayers to support the payment of rent for rented premises. It is permitted as an exemption from taxable wages under section 10(13A) of the Income Tax Act 1961 (the Act) subject to the satisfaction of several conditions. However, if a taxpayerRead More →
Homebuyer affordability figures appear to have leveled off in June, with the national median payment requested by loan applicants dropping $4 from $1,897 in May to $1,893 currently. This information comes from Mortgage Bankers Association (MBA) Purchase requisition payment index (PAPI), which measures the change in new monthly mortgage paymentsRead More →
When you think of the word “home loan”, the image that probably comes to mind is living beyond your means and worrying about repayment. But a loan doesn’t have to be something you can’t afford; it can also be an opportunity for you to own your home sooner rather thanRead More →
Nowadays, owning a phone is a necessity. What was once a communication tool has suddenly become a need for work, going to school, paying bills and even grocery shopping. Almost anything can be done with just a few taps on the device in your hand. In addition to providing solutionsRead More →
Nowadays, owning a phone is a necessity. What was once a communication tool has suddenly become a need for work, going to school, paying bills, and even grocery shopping. Almost everything can be done with just a few taps on the device in your hand. In addition to providing solutionsRead More →
Homebuyer affordability figures appear to have leveled off in June, with the national median payment requested by loan applicants dropping $4 from $1,897 in May to $1,893 currently. This information comes from Mortgage Bankers Association (MBA) Purchase requisition payment index (PAPI), which measures the change in new monthly mortgage paymentsRead More →
The current interest rate environment is one of the most challenging for borrowers in recent times. Recent increases in the repo rate by the Reserve Bank of India (RBI) surprised many investors. Although this decision aims to control inflation, it could have a slight impact on the lending sector. WithRead More →
By Chirag Nangia I bought an apartment for Rs 35 lakh in February last year with a bank loan. In FY22, I paid principal of Rs 1,33,951 and interest of Rs 1,70,049. My employer did not deduct Rs 1.50 lakh under 80EEA for the first purchase of an apartment/house. HowRead More →
As the threat of a rise in Covid-19 cases remains, consumer finance company and digital financial services provider Home Credit Philippines (HCPH) has launched Health Secure with Covid-19 coverage. This latest addition to Home Credit Protect’s wide range of products reiterates the company’s commitment to proactive measures to ensure theRead More →