A change in borrowing preferences is emerging among customers seeking a few lakh rupees, with SBI saying the trend is beginning to affect its personal-loan business.
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A change in borrowing preferences is emerging among customers seeking a few lakh rupees, with SBI saying the trend is beginning to affect its personal-loan business.
A borrowing roadmap is a structured approach that helps businesses determine when to borrow, why funds are needed, how much capital is required and what repayment structure best fits their stage of growth and business requirements.
These partial withdrawals, known as EPF advances, can be used for specific needs such as buying or building a house, marriage and home loan repayment.
Taking a joint home loan with your spouse? BankBazaar's Ankit Bagadia explains why a 50:50 split may not always work, what happens if one borrower stops paying, and how ownership and tax benefits should be planned.
A well-planned joint home loan can substantially increase a family's tax savings. If both spouses are eligible to claim deductions, the household could reduce its taxable income by up to Rs 7 lakh annually.
When a home loan borrower passes away during the loan tenure, lenders first check whether the borrower had purchased a home loan insurance policy.
The Reserve Bank of India has also moved to tighten oversight of the sector. In June 2025, the central bank introduced stricter guidelines governing gold-backed lending.
As a result, borrowers could remain in debt for longer than they would under alternative repayment methods.
A salary of Rs 15 lakh per annum translates to approximately Rs 1.25 lakh per month before taxes. After deductions, the take-home salary may range between Rs 90,000 and Rs 1.05 lakh per month.
In India, home loan interest rates typically vary depending on the lender, borrower's credit score, income stability, loan amount and tenure.