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Follow these Tips to Apply for Housing Loans at Competitive Interest Rates in India



Considering the evolving macroeconomic situation in India, the Reserve Bank of India’s Monetary Policy Committee announced a repo rate increase by 50 basis points to 4.90% on June 8, 2022. As a result of this announcement, home loan interest rates in India are in focus at this moment. 

It is evident that with the rise in repo rates, lending organisations will offer financial products such as loans at higher interest rates. This means that existing housing loan borrowers can expect their EMIs and overall interest cost to increase steadily throughout the tenor. However, considering the financial burden it can bring, potential buyers or existing homeowners should consider following a few tips. 

Tops tips to consider for a lower home loan interest rate

Since a housing loan comes with a long tenor of more than 30 years, potential owners prefer a low-interest rate to reduce the EMI burden. Here are certain tips to reduce home loan interest:

  • Compare interest rates online: Several lenders offer housing loans at competitive interest rates. Ideally, borrowers should compare the interest rates online and choose the lowest interest rate on a home loan. This will help them make an informed decision and reduce financial liability in the long run. 

Additionally, one can use a home loan EMI calculator to compare the interest rates online and stick to an affordable EMI. 

  • Maintain a good credit score: Individuals with a decent credit score and history stand a better chance of getting a lower home loan interest rate in India. This is because lending institutions check a borrower’s credit history to ensure his or her profile is free of dues and default payments. For instance, if fresh applicants keep a credit score of 650 or above, lenders offer them the lowest interest rate. 

In this regard, one can get housing loan interest rates as low as 7.20% by choosing reputed lending houses. 

Along with this, they sanction pre-approved offers for a hassle-free loan application process. These offers are available on various products including home loan and loan against property. Borrowers can check their pre-approved offer in just 3 seconds by entering basic details like name and number. 

  • Keep additional sources of income: Potential housing loan borrowers should note that several lending houses ask for income proof during an application. This document serves as proof of an individual’s salary strength and repayment capacity. So, first-time home buyers should try to keep additional income sources and get a better chance at availing of a lower home loan interest rate in India. 
  • Choose property in a good location: Potential home buyers should look for a location that has a high property value. Resultantly, lenders sanction a substantial loan amount, which can be up to 75%-90% of a property’s value. Additionally, a high property value fetches lower interest rates when one applies for a home loan. 
  • Transfer housing loan balance: Existing housing loan borrowers should consider opting for a home loan balance transfer if they wish to change their current lender. In case the current lender offers a loan at a higher interest rate, opting for a home loan balance transfer facility is convenient. Under this facility, one can choose a lender who offers lower interest rates and transfer the housing loan balance. 

Another way by which one can reduce interest rates is by negotiating with a lender. Individuals with a good financial record can approach their lenders and ask for lower interest rates. 

Further, they can prepay their loans at the earliest to reduce the interest burden. Paying more towards the interest part of a housing loan EMI is imperative if an individual wish to reduce the loan repayment burden. However, there might be some home loan fees and charges one needs to decode before opting for a prepayment option. 

Thus, it is evident that choosing a lower home loan interest rate in India involves several intricate details. Considering such details can help in maximising savings for the future while also allowing for sufficient funds for the house.

Natalia Watson is a freelance writer, who has worked for various websites and has a keen interest in Forex and stock market. He is also a college graduate who has a B.A in Journalism.

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How Can Blockchain Transform Procure-To-Pay Cycle



How Can Blockchain Technology Transform Procure-To-Pay Cycle

Blockchain is a distributed and decentralised public ledger that stores transactions in a way that makes information forgery, hacking, and theft challenging. By connecting the blocks using cryptographic hash functions, it increases the security of both information and transactions.

Blockchain Procure to Pay Solution

The procurement and financial processes for products and services follow an ordered phase structure known as procure-to-pay (P2P). Blockchain Development Services are the best option to streamline the associated operations because the procure-to-pay technique as it is now practiced has some shortcomings.

The procure to pay blockchain technology can adapt to changing customer needs. It ensures the safety of networks and data. A blockchain procurement solution speeds up the management of purchase orders while supplying the necessary accuracy, security, and clinical effectiveness.

Traditional P2P Process Problems

The procure-to-pay procedure has several steps. The procurement process, in which the purchase order is prepared and confirmed, is typically the first step. The subsequent operations that are carried out in the same order are the ones for receiving items, confirming orders, and paying for and issuing invoices. Nearly all corporate organizations depend on their procurement and supply chain operations.

Rapid response

Hundreds of procedures are currently being carried out concurrently by corporate organizations. Additionally, as the processes evolve, changes also do, and these must be managed individually. The inability to control the changes has an effect on the P2P process as it currently stands. The dynamic criteria and characteristics make the P2P process exceedingly complex and have an impact on the results’ level of quality. Both the routing and processing are done by hand. The P2P cycle now responds more slowly as a result.

Greater likelihood of inaccuracy

Risks are increased by manual data management, data entry, and other activities. With increasing prices per invoice, there are more risks of errors. Cost increases have a negative impact on the business’s profit and loss statement. Continuous money leakage will result from ongoing invoicing inaccuracies.

Solutions for procurement built on the blockchain are ground-breaking technologies. The problems businesses have with the conventional P2P procedure can be solved by the blockchain procure to pay solution.

Introducing Blockchain for Procurement and Supply Chain

The handling and administration of the supply chain are currently being transformed and revolutionized by a technology called blockchain. Blockchain-based supply chain solutions have increased system transparency and visibility.

Through the elimination of middlemen and resources used in the procurement process, blockchain reduces issues that slow down the entire cycle, such as difficult negotiations, managing information at every level, local verifications, etc.

Benefits of a Blockchain-based Procure to Pay solution

Suppliers, clients, and other business entities can gain from blockchain-based supply chain and procurement solutions. These may provide several benefits, such as the following:

Speeding up the purchase order procedure

The supplier network of an organization may include hundreds of suppliers. The process of selecting and shortlisting the provider might be challenging. Additionally, choosing the wrong vendor might lead to poor supply chain management. Blockchain expedites the management of purchase orders and can quickly identify the most appropriate and affordable vendor in accordance with the needs of the organization. The business firms experience a boost in sales and earnings as a direct result of the quickened pace.

Protecting the procedure

Information security threats and attacks have an effect on supply chain networks. Modern blockchain-based supply chain and procurement solutions can protect the entire procure-to-pay process. Authorization and authentication of vendors can be done via the front-end system that customers and suppliers can use. Advanced authorization can be used to prevent any problems with data breaches or other security assaults.

Stop the deception and manipulation

Through the use of Blockchain technology, end-to-end visibility and transparency are made possible, and the risk of fraud and manipulation in the procure-to-pay processes is also removed. Businesses can enhance their relationships with suppliers and customers by enhancing visibility, accuracy, and security. To have a competitive advantage in the market, a corporate organization needs both of these networks to be robust.

Preservation of client confidence

The frequency of security problems and attacks results in a decline in client engagement and trust. Such circumstances frequently favor the rivals. With a blockchain solution for procure to pay, these occurrences and incidents can be simply prevented.

Reduction of related complexity

Blockchain facilitates the synchronization of the complete inventory and data sets, resulting in the removal of related complexity. Blockchain networks provide total traceability, from source to destination and back. Real-time discount calculations for the entire purchase are possible with the blockchain-based procurement systems. To address security issues, digital and physical information are combined on one platform.

Supply chain solutions built on the blockchain help businesses gain this advantage. A blockchain procurement solution increases confidence between supplier networks and outside stakeholders.

Final Reflections

Blockchain is a new technology that has favorably impacted the entire world. For better client experiences, we must keep up with cutting-edge technologies like blockchain development, metaverse development and their applications like Metaverse store setup, p2e game development and many more. Blockchain technology can be effectively used in procedures like supply chain management and procurement.

A blockchain solution for procure to pay can address the problems with the conventional procure-to-pay process, including its lower accuracy, poor visibility, security problems, compliance problems, manual errors, etc. All parties involved in the process stand to gain from it. Customers and business organizations benefit from working with reliable and affordable suppliers. End-to-end visibility and transparency are also provided to suppliers and procurers.

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Why Do People Have An Unwavering Faith In Fixed Deposits?



Fixed deposits have been one of the oldest forms of investments. People have seen previous generations sparing money from their income and simply entrusting it with banks in the form of Fixed deposits. 

Other investments have been explored much later. Thus, the trust in saving your hard-earned money with FDs is still 100%. If you ask anyone for financial advice, one of the key suggestions for saving your money in one of the safest and most profitable accounts is the Fixed deposit account.

Let us read why the faith in FDs is still unwavering.

11 Reasons Why Fixed Deposits Are Trusted Investments

  1. Your Money Is Safe in The Fixed Deposit System

It is difficult for people to trust other sources of investments where the risks are quite high. 

Your bank investment is protected by the Deposit Insurance and Credit Guarantee Corporation (DIGCC) scheme. So even if the bank has unlikely problems with an FD, your money is safe, and returns are guaranteed.

  1. Risk Aversion

FDs are among the safest investment options with minimum volatility compared to other market-based instruments. 

Fixed deposit investments keep your wealth safe, guarantee a stable return, and are not influenced by internal or external forces.

  1. Tax Benefits

Fixed deposit interest or the return earned is tax-free up to Rs. 10,000 in a fiscal year. In addition, a fixed tax-saving savings account – with a blocking period of 5 years – is exempt under Section 80C of the Indian Income Tax Act, 1961, which provides an exemption of up to Rs. 1.5 lakh per year.

  1. Financial Goals

An FD is one of the most trusted sources of investment, especially to support long-term goals like retirement, the wedding of children, a child’s education, or medical expenses in the later stages of life. 

Senior citizens traditionally prefer term deposits because, at this age, they favour Security and guaranteed returns. 

PNB Housing offers one of the highest rates of interest on FDs, starting from 6.76% for 24-35 months which can reach up to 8.45% for 60-71 months, after which it is compounded each year.

  1. Gives Security

In addition to risk aversion, funds security is also assessed using the ratings offered by organisations such as CRISIL.

Additionally, the FAAA rating is higher for investment schemes, indicating excellent FD interest rates, an ideal way to balance your money without limiting your earnings, and providing fund safety.

  1. Flexibility

Early withdrawal is allowed in the case of FDs, and you don’t necessarily have to wait for the tenure to get over. In case of financial difficulties, you have easy access to FDs.

  1. Build a Relationship with Your Lending Institution

Financial institutions prefer doing business with people with a credit history. With this, the borrower gets further benefits like the best deals on loans, provision of other financial products and services, etc.

  1. Compound Growth

Compounding can be huge, ranging from a small asset over a few months to many years of compound interest reinvested with the principal. 

Fixed deposits offer compounded, and high-interest rates and are much better than a savings account.

  1. Fixed Deposits Are Easy to Understand

The process is simple, popular, and easily understood. You don’t need any financial or banking skills to process an FD.

  1. Loan Against FD

You can avail of loans up to 75% of your FD amount. There is minimal documentation, and the rate of interest is 2% per annum above the deposit interest rate and any additional charges applicable on such deposits, as long as the deposit has run for a minimum period of 3 months.

  1. Simple Documentation

Anyone can easily open a fixed deposit account using Aadhar and PAN cards. The best part is that you don’t have to visit the physical branch and wait in line. 

Thanks to the internet, you can open an FD account online via video KYC.


Fixed deposits are a sound investment option that guarantees the growth of wealth at a steady pace. The compounded interest and low-risk factors, along with guaranteed returns, are some key factors that people still trust FDs rather than other sources of risky investments.

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Top four Technical Indicators for the Forex trading



Forex Trading

Forex trading is trading foreign currencies for profit. We can do this via the Forex market, which is a marketplace that allows traders to buy and sell various currencies at any point in time.

For buyers who’re simply beginning out, getting the dangle of the use of technical signs can look like a laborious task.

If you’re seeking an area to begin it.

Given beneath are the pinnacle four signs which are maximum extensively used in technical analysis. Before entering the actual signs, let’s first cross over what a hallmark is.

What is a technical indicator?

A technical indicator is a calculation primarily based totally on incidental information comprising fee, volume, and open hobby facts used to assignment destiny marketplace path.

A technical indicator is used to apprehend how a marketplace might pass with inside the destiny primarily based totally on what occurred with inside the past. This technique assumes that there are styles that repeat with inside the marketplace. In this manner buyers are capable of take knowledgeable choices whilst forex trading.

So let’s have a take a observe a few signs now.

Moving Average

Moving common used by plotting the common fee for a period over the real fee in that period. Depending on whether the fee is above or beneath the shifting common, buyers can inform if the marketplace is bullish or bearish.

Besides seeing the overall fashion, one also can see how sturdy the fashion is with the aid of using searching on the slope of the shifting common.

Mainly there are sorts of shifting averages:

Simple Moving Average (SMA)
Exponential Moving Average (EMA)
SMA calculates a mean of fee information at the same time as EMA offers extra weight to present day information.

Two – Bollinger Bands

Bollinger bands are used to assignment fashion reversals and turning factors with the aid of using figuring out overbought and oversold situations.

Bollinger bands contain 3 lines; the center one is the Simple Moving Average after which there’s an higher and decrease band.

You already understand what SMA is. The higher and decrease bands are 20 preferred deviations (+/-) from a 20 day SMA however, those may change.

Three – Stochastics

Stochastic is a momentum indicator that uses guide and resistance levels.

Market is constantly evolving via purchase and promote cycles. It’s overbought or oversold situations that regularly bring about a shift or reversal with inside the fashion.

Stochastic identifies those situations with the aid of using evaluating remaining free of foreign money at a time to various charges over a length of time.

If a dealer desires to remove sensitivity of the stochastic indicator to the marketplace movement, they could take shifting common of the result.

Four – Parabolic SAR

Parabolic SAR is a fashion indicator perfect for the identity of brief time period trends.

The SAR in Parabolic SAR stands for Stop and Reverse. It is used to perceive reversals in marketplace fee to assist buyers take knowledgeable choices for access and exit.

What Parabolic SAR basically does is spotlight the path wherein foreign money is shifting. It seems as a sequence of dots above or beneath a foreign moneys fee relying at the fashion path.

If the fashion is upwards, the dot can be above the fee. And if the fashion is downwards, the dot will seem beneath the fee.

You can use it to decide what function you have to take.

We wish this can assist you’re taking extra knowledgeable selection whilst trading. You can begin with those fundamental technical signs as a newbie degree to the Forex trading market dealer and as you get the dangle of those, you may pass directly to different extra superior ones.

The Right Trading Mindset

If you study up on any investors who’re without a doubt a success in the Forex trading market or maybe inventory buying and selling, you may know they consider it like some other enterprise and now no longer because the common retail dealer would, possibly.

Successful investors method funding with a sure detachment and without emotional funding with inside the forex or stocks.

If you need to be like them and ensure that you’re going into it with the proper attitude, this weblog is for you.

This is what a wholesome method of buying and selling appears like. Look.

Being equipped to place the paintings in

The maximum essential component to buy and selling is understanding that it’s far paintings and needs your interest like some other enterprise would.

The mistake many new investors make is to search for shortcuts. In reality, to even count on that there may be a shortcut which, if you could handiest locate your income, may be assured factors at a lack of know-how of the market.

Even whilst you enroll in indicators and signals, you’re required to behavior your very own studies and now no longer observe them blindly. Similarly, at the same time as signs are useful, they truly can’t be the only dictators of your investors.

You want to have an excellent information of the basics too to apprehend the safety you’re making an investment in.

In quick, you need to be inclined to place the paintings in.

Detaching your self out of your trades

Attaching your self-confidence on your buying and selling and feeling properly or horrific approximately your self primarily based totally on how your trades went that day is a risky route to tread.

This degree of emotional funding can place one off the concept of buying and selling altogether and grow to be discouraging them.

While it’s far herbal to react emotionally to a win or lose, it isn’t wholesome. This is because quite a few instances, a dealer who reacts in that manner will carry that emotion to their trades as well.

This might bring about revenge buying and selling or turning into too frightened of the market. Investors both take horrific choices or they grow to be paralyzed, neither of which is right for enterprise.

Planning beforehand

If you`re without a doubt critical approximately it and need to make it a complete time profession then you need to be in it for the lengthy run.

One most important motive for that is that you may then assume and plan a long time and this is sure to enhance your information of the market. So this attitude will assist you later down the road anyway.

On the alternative hand, quick time period wondering can restrict your information and increase the form of idea procedure that appears for shortcuts. That is a totally volatile manner to alternate because you’re not completely certain what your strengths and weaknesses are. It's only a shot with inside the darkish each time.

Keeping in thoughts those 3 factors will assist you align your expectancies with the truth of buying and selling and make the specified preparations.

So a great deal of buying and selling and achievement in any area is ready attitude and a wholesome mindset. We wish this weblog will assist you instill the proper mindset toward buying and selling in any people available who’re considering pursuing it.

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