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33 selected videos

Can we claim tax deduction on second home?- Property Hotline

Expert: Kartik Jhaveri, Founder & Director of Transcend Consulting India Pvt Ltd.

Question: I took a loan for two homes. I claimed tax deductions on my first home u/s 24. It was self-occupied. Currently, I wish to put the first home on rent and occupy the second home. Can I claim tax deduction on the second home now?

Answer: Yes, your second home will now be an self-occupied property (SOP) and thus you can ONLY avail benefits under section 80C of the IT Act towards principal repayment to an...

How to calculate home loan eligibility?- Property Hotline

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Be Un - Confused : http://www.mbnow.in/property

Expert: Harshil Mehta, CEO of DHFL.

Question: I have a net take home salary of Rs 65000 excluding HRA of Rs 10000 being deducted by government w.r.t. quarter. How much home loan am I eligible for?

Answer: Assuming there is no other loan; you will be getting around Rs45- Rs47lakhs. This is how the calculation is done i.e. 5 times your annual salary. Loan period would be 20 years.

How to calculate home loan eligibility?- Property Hotline

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Expert: PV Subramanyam, Home finance expert.

Question: My family's monthly take-home salary Rs 9.6 lakhs. What is my loan eligibly?

Answer: Assuming that you have Rs 5 lakhs as your salary per annum. Your take home should be Rs 25,000 to Rs 30,000. So your repayment amount will be Rs 20,000 per month. Including your wife’s amount around Rs 25,000 per month you should be able to get a loan around Rs 22- Rs 25 lakhs.

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Home loans get cheaper – The Urban Debate

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Repo rates cut by 0.25% and major banks following Marginal Cost of Funds based Lending Rate (MCLR). These two are the big developments in the property market. For homebuyers these two components mean home loans and EMIs to get cheaper. Magicbricks Now caught up with Ashutosh Khajuria- ED & CFO, Federal Bank; Kartik Jhaveri- Founder & Director of Transcend Consulting India; Adhil Shetty- Founder, Bankbazaar.com; Harsh Roongta- CEO, ApnaPaisa.com and Nitin Vyakaraman- Founder & CEO, ArthaYantra...

FAQ: How to pay principal amount on home loan? - Property Hotline

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Expert: P.V Subramanyam, Home finance Expert

Q: I have a 25-year loan. I've been paying EMIs for the last 5 years. I want to pay off 20% of the principal amount. How should I go about it?

Answer: Banks usually reduce the tenure of the loan not the EMI, if you pay bigger principle amount. In your case, you have comfortably paid the amount for 5 years so it is advised that you do a SIP and look at the amount after some years and accordingly you can make a decision to pay a balloon amount. If...

Should I take a second home loan with an existing loan to repay? - Property Hotline

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Expert: Harsh Roongta, Investment advisor

Question: I already own a 2BHK and am planning to upgrade to a 3BHK. I already have a loan of Rs. 10 lakh, can I avail another loan of Rs. 30 lakh? My monthly salary being Rs. 70,000 my job could be at risk, should I now take the plunge?

Answer: If you’re selling and buying a 3BHK flat, I would advise you to look at the insurance products that pay for about 2 to 3 months of EMI if you lose your job. I would also advise you to create a contingency...

Should we opt for pre-EMI option in home loan?- Property Hotline

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Expert: Kartik Jhaveri, Founder & Director of Transcend Consulting India Pvt Ltd .

Question: I want to take a home loan for investment purpose. Possession is expected post 3 years. Please tell me if the EMI begins from the first day of availing the loan. Can I opt for a Pre-EMI option?

Answer: The moment you take the loan, you will have to start paying EMIs, either the pre-EMI (in which you would have to pay only the interest on the loan that will be disbursed at each stage of construction)...

HDFC CEO, Keki Mistry talks about home loans - The Property News

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Most of the growth for home loans come from the outskirts of big cities says the Vice Chairman and CEO of HDFC,

Keki Mistry. He says that the demand is coming largely from middle income households. Our average new loans

given in the current year is 25 lakh rupees and loan value as its percentage value of the property is about 66%.

Thus the property value being somewhere around 35 lakh rupees can only be found in the outskirts of the cities.

The News - Flexipay - SBI's new home loan scheme

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SBI has launched a new scheme called Flexipay that allows paying lower EMIs for the first three years of repayment cycle. Tune in to the video to know more:

Can we avail home loan for two houses?- Property Hotline

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Expert: Kartik Jhaveri, Founder & Director of Transcend Consulting India Pvt Ltd.

Question: I took a Rs 25 lakhs loan when I had a salary of Rs 40,000/month. I have paid 16 EMIs on it. My current salary is Rs65,000/month. I want to buy another house. Will I get another loan?

Answer: Based on the estimates provided, you would be eligible for a home loan in the range of Rs10-Rs12 lakhs. This is considering a ROI of 9.5% p.a. and tenure of 20 years. The lender will re-assess your eligibility and...