Urban Money Blogs

RBI Slashes Repo Rate to 6% in April 2025 Amid Global Uncertainty
April 09, 2025

In a much-anticipated move, the Reserve Bank of India (RBI) announced a 25 basis point rate cut, bringing the key lending rate down from 6.25% to 6%. The decision, unveiled on 9 April 2025, marks the second consecutive reduction this year and reflects the central bank’s shift to an ‘accommodative’…

Category:Financial News
Cost to Company (CTC)
April 08, 2025

When considering a job offer, it's easy to become fixated on the attractive "CTC" figure. But there's more to this figure than strikes the eye. Realising the value of CTC requires going beyond its initial cost to determine its ultimate worth—or lack thereof. By breaking down the components of CTC…

Category:Personal Loan Archive
EMI: Meaning, How It Works, Calculation Method, Benefits & Drawbacks
April 07, 2025

EMIs have become one of the most common forms of payment for any financial obligation, from college fees to purchasing a new phone. This fixed monthly amount saves lakhs of citizens annually by preventing sudden financial setbacks and helping people fulfil their desires. Understanding the concept of EMIs and their…

Category:Personal Loan Archive
Home Loan Exemptions : Tax Rebates, High Savings
April 03, 2025

A home loan can not only get you your dream home —it can also help you save on taxes! Home loan exemptions offered by the Income Tax Act (1961) allow borrowers to claim rebates that lower their taxable income. These exemptions range from Rs. 50,000 to Rs. 2 lakh, ensuring…

Category:Home Loan Archive
Home Loan Disbursement Process For Under Construction Property
March 25, 2025

Investing in under-construction properties offers affordability and long-term benefits. It is a popular choice among homebuyers. These properties provide flexible payment plans and potential appreciation in value over time. Opting for a home loan for properties, such as the home loan disbursement process for under-construction property, adds further advantages, with…

Category:Home Loan Archive
Understanding Principal and Interest - An Introduction
March 25, 2025

Money makes the world go round, but borrowing it can sometimes feel like a puzzle. When you take a loan, you hear words like “principal” and “interest” tossed around, but what do they actually mean? Think of it this way: the principal is the amount you borrow, and interest is…

Category:Home Loan Archive
7 Ideal Practices to Accelerate Your Home Loan Repayment
March 24, 2025

Homeowners need to pay off their mortgages. This means repaying the loan amount and interest to the lender over a specific duration. A repayment plan usually involves monthly payments, often called a mortgage or loan amortisation schedule. Payments include two essential parts: the principal, the sum you borrowed, and the…

Category:Home Loan Archive
Top 10 Tips to Secure the Lowest Home Loan Interest Rate in 2025
March 24, 2025

Every individual dreams of buying a home, but securing a low-interest home loan can make all the difference in saving lakhs or crores over the loan tenure. With lending rates fluctuating based on economic trends, financial policies, and creditworthiness, being well-prepared is essential. In 2025, banks and financial institutions will…

Category:Home Loan Archive
Power of Attorney for Home Loans : Types, Application Process & More
March 21, 2025

A power of attorney for a home loan is a legal document allowing a borrower to authorise someone to act on their behalf. It ensures that loan processes continue if the original applicant is absent. Whether you are an elderly citizen unable to physically visit your bank or an NRI…

Category:Home Loan Archive
Home Loan vs Construction Loan : Key Differences
March 21, 2025

Loans are pivotal in business strategy, allowing you to leverage financial resources to expand and diversify your portfolio. In real estate development, using loans isn't just about the necessity of capital. It's about optimising cash flow management and enhancing the potential for project scalability. A home loan or mortgage is…

Category:Home Loan Archive