Buying a house is becoming more affordable in 2025, thanks to recent monetary policy changes by the Reserve Bank of India (RBI). The RBI has reduced the repo rate twice this year, totaling a 50 basis point cut, bringing it down from 6.5% to 6%. These cuts mark the first rate reductions since the RBI […]
Public sector banks (PSBs) have steadily gained ground in India’s home loan market over the past three years, offering more competitive interest rates than their private counterparts. In a quiet but significant shift since the pandemic, lenders like Union Bank of India, UCO Bank, Central Bank of India, State Bank of India, and Bank of […]
The government is working on a zero-collateral housing loan scheme for low- and middle-income groups, offering up to ₹20 lakh with minimal documentation or third-party guarantees, according to sources. Amendments to the Credit Risk Guarantee Fund Scheme for Low-Income Housing (CRGFTLIH) are being considered to facilitate the scheme, which may feature a 30-year loan tenure. […]
The Indian rupee recently plunged to an all-time low of 85.09 against the US dollar on December 19, slipping further to 85.10 on December 20. This depreciation is likely to impact Indian students planning to study abroad, especially in the US, where expenses are paid in dollars. A weaker rupee significantly raises the cost of […]
