Finance
Your Home Loan EMI Is Set To Rise – Here’s Why

Monthly home loan EMIs are set to increase in the coming months due to an expected further hike in the repo rate by the Reserve Bank of India (RBI). When the interest rate rises, lenders usually adjust by increasing the loan tenure. However, there is limited scope for extending the loan tenure now. So, banks and other housing finance companies will increase the home loan EMI if the repo rate is increased further.
Home Loan Interest Rates of Top Lenders in Percent?
Public Sector Banks
Loan amount | |||
---|---|---|---|
Lender | Up to Rs. 30 Lakhs | Rs. 30 to 75 Lakhs | Above Rs. 75 Lakhs |
Indian Overseas Bank | 7.95 to 8.30 | 8.05 to 8.30 | 8.20 to 8.30 |
State Bank of India | 7.55 to 8.55 | 7.55 to 8.45 | 7.55 to 8.45 |
Union Bank of India | 7.40 to 9.15 | 7.40 to 9.35 | 7.40 to 9.35 |
Bank of India | 7.40 to 9.25 | 7.40 to 9.25 | 7.40 to 9.25 |
Punjab National Bank | 7.45 to 8.85 | 7.40 to 8.55 | 7.40 to 8.50 |
Bank of Baroda | 7.45 to 8.95 | 7.45 to 8.95 | 7.45 to 9.20 |
Punjab and Sind Bank | 7.40 to 8.50 | 7.40 to 8.50 | 7.40 to 8.50 |
UCO Bank | 7.40 to 7.60 | 7.40 to 7.60 | 7.40 to 7.60 |
Bank of Maharashtra | 7.30 to 9.20 | 7.30 to 9.35 | 7.30 to 9.45 |
Canara Bank | 7.05 to 11.85 | 7.05 to 11.85 | 7.05 to 11.85 |
Private Sector Banks
Loan Amount | |||
Lender | Up to Rs. 30 Lakhs | Rs. 30 to 75 Lakhs | Above Rs. 75 Lakhs |
RBL Bank | 10.30 to 12.00 | 8.70 to 9.10 | 8.70 to 9.00 |
Federal Bank | 8.55 to 8.60 | 8.60 to 8.65 | 8.65 to 8.70 |
Karur Vysya Bank | 7.15 to 9.35 | 7.15 to 9.35 | 7.15 to 9.35 |
HSBC | 6.85 to 7.75 | 6.85 to 7.75 | 6.85 to 7.75 |
Bandhan Bank | 7.30 to 13.50 | 7.30 to 12.65 | 7.30 to 12.65 |
Kotak Mahindra Bank | >= 7.50 | >= 7.50 | >= 7.50 |
ICICI Bank | 7.60 to 8.20 | 7.60 to 8.35 | 7.60 to 8.45 |
Axis Bank | 7.60 to 12.50 | 7.60 to 12.50 | 7.60 to 8.05 |
Karnataka Bank | 7.74 to 8.99 | 7.74 to 8.99 | 7.74 to 9.09 |
South Indian Bank | 7.75 to 10.50 | 7.75 to 10.50 | 7.75 to 10.50 |
CSB Bank | 8.09 | 8.09 | 8.34 |
Tamilnad Mercantile Bank | 7.95 | 7.95 | 7.95 |
Dhanlaxmi Bank | 7.85 to 9.00 | 7.85 to 9.00 | 7.85 to 9.00 |
Housing Finance Companies
Loan Amount | |||
Lender | Up to Rs. 30 Lakhs | Rs. 30 to 75 Lakhs | Above Rs. 75 Lakhs |
Bajaj Housing Finance | 7.20 onwards | 7.20 onwards | 7.20 onwards |
ICICI Home Finance | > = 9.20 | > = 9.20 | > = 9.20 |
Repco Home Finance | > = 7.45 | > = 7.45 | > = 7.45 |
Godrej Housing Finance | 7.49 to 10.99 | 7.49 to 10.99 | 7.49 to 10.99 |
LIC Housing Finance | 7.50 to 8.60 | 7.50 to 8.80 | 7.50 to 9.00 |
Home First Finance | 8.00 to 18.00 | 8.00 to 18.00 | 8.00 to 18.00 |
PNB Housing Finance | 7.50 to 16.75 | 7.50 to 16.75 | 7.60 to 10.70 |
Aditya Birla Capital | 8.00 to 12.50 | 8.00 to 12.50 | 8.00 to 12.50 |
HDFC | 7.55 to 8.75 | 7.55 to 9.00 | 7.55 to 9.10 |
Indiabulls Housing | > = 7.60 | > = 7.60 | > = 7.60 |
GIC Housing Finance | > = 7.74 | > = 7.74 | > = 7.74 |
Tata Capital | > = 7.75 | > = 7.75 | > = 7.75 |
Impact of Rising Home Loan EMIs
So, what is the impact of rising home loan EMIs? ICRA has said that rising home loans present a challenge to housing finance companies. Generally, lenders increase the EMIs while keeping the tenures constant or vice versa to deal with rising interest rates.
However, incremental loans in the prime home loan segment already have long tenures and increasing them will lead to a huge outflow of interest. It will also expand the tenure beyond the working life of the borrower. Manushree Saggar, Vice President & Sector Head, Financial Sector Ratings said that the impact is expected to be lower in the case of the affordable home loan segment.
But, even with revised EMIs, the increase in FOIR (Fixed obligation to income ratio) is expected to be less than 10% only unless the original loans were given at very high FOIRs. So, the FOIRS are anticipated to be manageable only.
According to ICRA, lenders may not pass on the burden of the increase entirely to the borrower. ICRA said that as per its estimates, HFCs have increased the lending rates by about 50 to 100 basis points (BPS) in H1FY2023 compared to the hike of 190 BPS in benchmark repo rates. Also, some lenders may follow a hybrid course of changing both EMI and tenures to manage the monthly debt burden of borrowers.
Ways To Reduce The Home Loan EMI Burden
#1 Check If You Are Under The Old Interest Rate Regime: If your loan is old and has been taken before October 2019, then the interest rate regimen is likely to be base rate, BPLR, or MCLR. After 2019, all the loans were shifted to the external benchmark rate. So those with old loans must check the regime and interest rate they are paying to the lender. If it is much higher than the lender’s EBR, then this is the correct time for you to convert to the EBR regime by paying a nominal fee.
#2 Shift Your Loan To A Lower Interest Rate: If the interest rate with your lender is much higher compared to other lenders after the hike in interest rate, then you have to consider shifting your loan to a lender who offers lower interest rates. Most housing finance companies other than top ones like HDFC and LICHFL usually charge a higher interest rate compared to top banks. So, if you are eligible for a loan from a top bank, then you can shift your loan to one. Especially, if the difference in interest rate is 0.5% or more, then this is the correct time to transfer the loan.
#3 Negotiate A Lower Rate With Improved Credit Score: Initially, when the credit score is low, borrowers may not get a home loan at lower interest rates. After improving the credit score, income, job, etc., borrowers can go in for a home loan transfer to get lower interest rates.
#4 Increase The Home Loan Tenure: If you are not able to cope up with making your EMI payments after a hike in interest rates, then you can request your lender to increase your loan tenure. Suppose you are 40 years old and you have taken a loan for 15 years, then you can get the tenure increased to 20 years.
#5 Home saver option: If you want to save on the interest rate, you can open an overdraft savings or current account. The borrower can deposit his surpluses and withdraw from them as per his financial requirements. In these loans, you have to pay the interest as long as you are able to pay the principal only. The interest is computed after deducting the money deposited in your overdraft account from the outstanding loan amount.
#6 You Can Prepay Your Loan: You can prepay your loan if tenure extension is not possible. Since most home loans are taken with floating interest rates, there will be no prepayment penalties.
#7 You can take a hybrid loan: You can take a home loan which allows you to pay a fixed rate of interest in the initial years and then switches over to a floating rate of interest. In this way, the hike in interest rate will not affect your tenure or your EMI.
Conclusion
Interest rates on home loans may be subject to frequent changes. But, borrowers can tackle the hikes by using the various options listed above. They can opt between extending the home loan tenure or paying higher EMIs based on their financial situation.
Read more about Can You Get a $700 Loan With No Credit Check at PaydayDaze?
Finance
How Can You Start Planning for Retirement in 2025?

Evaluate Your Current Savings
Review what you have saved so far to begin your retirement preparation. Knowing this allows you to visualize your future demands and the additional amount of money you will need to save. Review all of your accounts—including IRAs and 401(k)s—very carefully. You can, therefore, ensure that your savings are in line. Another important consideration is the annual income you will require once you retire from employment. Check into your different sources of income, like Social Security. Getting a handle on these things now puts you in a better spot to create a strong plan for 2025.Consider Retirement Account Options
If you want to plan well for retirement, you should open a specific account or increase what you already put in. There are many choices out there. Think about a 401(k) plan if you get it through work because it even gives you extra money to save. Self-employed people should look into plans like SEPs or simple IRAs. For general savings, a traditional or Roth IRA could be good, too. It’s important to save as much money as possible in these accounts. The good news is money grows tax-free here, so saving more for retirement becomes easier. Just remember, the earlier you start saving, the more time your money has to grow.Think About Other Income Sources
To secure a stable future after retirement, it is essential to have a backup plan other than savings alone. Social Security can serve as one such safety net; however, its advantages greatly depend on when you begin taking them. Another option could be pensions if they’re offered at your workplace. Do check whether yours does or not. Income from rental properties or funds could also provide a regular inflow of cash post-retirement, making them worth considering, too. Having different sources of income ensures financial stability during retirement, helping sustain the desirable lifestyle without any monetary stress.Consult a Financial Advisor
When planning for retirement in 2025, consulting a financial advisor can provide invaluable guidance in navigating the complexities of saving and investing. A professional advisor can help you assess your current financial situation, set realistic retirement goals, and design a tailored strategy to achieve them. Whether you’re just beginning or fine-tuning your plan, their expertise ensures you’re making informed decisions. For example, if you’re based in a place like Buckeye, AZ, you might seek out advisors who specialize in services for retirement planning in Buckeye, ensuring they are familiar with local regulations and investment opportunities that may be most beneficial to you. A financial advisor can help you plan not just for today, but for a secure and comfortable future.Regularly Monitor Your Progress
It’s really important to keep an eye on your retirement savings regularly. Watching it closely helps you know if you’re hitting your financial goals or not. And if it turns out you’re not, then right away make some changes so you can catch up. First off, remember to review your investment portfolio often. The reason is simple: what works today might not work tomorrow. Also, keep adjusting your income plan according to the rising costs of living expenses. This is crucial for having enough money when you retire. By tracking progress and making necessary changes, you’ll ensure that your dream retirement stays within reach no matter what happens.Conclusion
With thoughtful measures, you can effectively prepare for retirement in 2025. By following this methodical process, you lay down a robust foundation for a financially sound and relaxed retirement period ahead.Finance
Will Tesla Stock Shine or Fade in 2025? Expert Analysis

Tesla has long been at the forefront of the electric vehicle (EV) revolution, driven by bold innovation and the charismatic leadership of Elon Musk. Yet, its stock has been one of the most polarizing investments in the market. While some hail it as an unstoppable force in green technology, others point to its high valuation and volatility as causes for concern.
As we move closer to 2025, the question on every investor’s mind is this will Tesla’s stock soar to new heights or experience a significant correction? Analyzing Tesla stock prediction 2025 reveals key insights into market trends, future opportunities, and expert forecasts, offering valuable guidance for smarter investment decisions.
How Has Tesla Stock Performed in Recent Years?
To gauge Tesla’s future, it’s essential to examine its recent stock history. From 2020 through 2024, Tesla’s performance witnessed dramatic highs and concerning lows, reflecting its innovations and market challenges.
- 2020 to 2022: Tesla reached new heights post-2020, with its market cap surpassing $1 trillion for the first time. This milestone was driven by production milestones, robust deliveries, and surging demand for EVs. However, this period also introduced questions about whether Tesla’s valuation was sustainable, as its stock price often moved independently of core business metrics.
- 2023: The company saw increasing competition from both legacy automakers and EV startups, slowing Tesla’s growth trajectory. While its global market share remained substantial, a stabilizing EV market led to slower revenue growth, causing investor jitters.
- 2024: Tesla stock had a rollercoaster year, characterized by sluggish quarterly reports followed by an unexpected rally in Q4. The surge was fueled by Musk’s announcements of the low-cost Model Q and progress in developing the Cybercab robotaxi, alongside newfound optimism following pro-Tesla policies enacted by the U.S. government post-2024 elections. However, with a price-to-earnings (P/E) ratio exceeding 200, many analysts raised concerns about whether its valuation was overstretched.
Key Factors That Could Impact Tesla Stock in 2025
Several factors will play a major role in determining whether Tesla’s stock continues its upward trajectory or experiences a sharp correction.
1. Technological Advancements and Market Competition
Tesla has long relied on technological superiority to maintain its competitive edge, but the EV space is getting crowded. Legacy automakers like Ford and GM are ramping up their EV offerings, while startups such as Rivian and Lucid Motors continue to make waves. Tesla’s ability to maintain leadership in autonomous driving systems and battery technology could be decisive.
- Cybercab and Model Q: CEO Elon Musk has promised a 2025 rollout for the affordable Model Q, along with the highly anticipated Cybercab robotaxi. Both products will need to deliver not only on innovation but also on profitability to sustain investor confidence.
- R&D Spending: Tesla must justify its high valuation by ensuring its investments in AI, full self-driving (FSD) systems, and energy solutions deliver a significant competitive advantage.
2. Economic and Government Policy Influences
The global economy and regulatory landscape hold considerable sway over Tesla’s prospects. Key factors include:
- Policy Shifts: 2024 saw Tesla-friendly policies under the new U.S. administration, such as eased regulations on autonomous vehicles. However, moves like the elimination of the $7,500 EV tax credit pose challenges in making EVs competitively priced for budget-conscious consumers.
- Economic Conditions: A potential economic slowdown could temper consumer demand for premium products like EVs. Tesla’s pricing strategy, particularly with the introduction of the Model Q, will play a pivotal role in insulating it against market downturns.
3. Tesla’s Production, Delivery, and Financial Metrics
Tesla’s financial health remains a core driver of investment sentiment. Investors will focus on:
- Delivery Growth: Musk’s forecast of 20%-30% production growth for 2025 is bullish, but any shortfall in meeting these targets could pressure the stock.
- Profit Margins: With increasing competition driving down EV prices, Tesla needs to maintain or enhance its industry-leading margins. Expanding its energy product deployments and software-based revenue streams could help mitigate pricing pressure.
- Valuation Concerns: At a P/E ratio of 200, Tesla is priced for perfection. Any misstep in production, deliveries, or technological execution could shake investor faith.
What Do Experts Predict for Tesla in 2025?
The investment community remains divided on Tesla’s future. Here’s a snapshot of the contrasting sentiments:
- The Bull Case: Proponents argue Tesla’s innovation pipeline will keep it ahead of competitors. Success with the Cybercab robotaxi initiative, coupled with the widespread adoption of the affordable Model Q, could drive explosive growth. Some analysts forecast Tesla hitting a market cap of $2 trillion by late 2025 if these efforts succeed.
- The Bear Case: Critics call Tesla overvalued, pointing out that much of its future success is already priced into the stock. Sceptical analysts warn of regulatory hurdles for autonomous vehicles, slowing EV demand, and competition eroding Tesla’s dominance, potentially leading to sharp corrections in its stock price.
Investment Strategies for Tesla in 2025
Given Tesla’s unpredictable nature, here are three strategies investors can consider:
1. Long-Term Investment Outlook
Tesla’s vision and leadership make it a compelling choice for long-term investors. With groundbreaking projects ranging from advanced EVs to the much-anticipated Tesla Pi phone, believers in Musk’s ambitious growth plans may see today’s volatility as an opportunity to hold or buy more shares and ride the wave of innovation.
2. Short-Term Opportunities
For those seeking short-term gains, Tesla’s high volatility presents opportunities to capitalize on swings. Traders should monitor key events like product launches, earnings reports, and regulatory announcements that could serve as catalysts.
3. Diversification and Risk Management
Given its extreme valuation and inherent risks, a sensible approach is to limit Tesla’s weight within a diversified portfolio. Holding a mix of EV-related stocks, index funds, and other growth industries can reduce overall exposure to Tesla’s fluctuations.
Final Thoughts on Tesla in 2025
Will Tesla’s stock pop or drop in 2025? The answer lies in a complex web of innovation, competition, economics, and market sentiment. While the company’s vision and product range may hold incredible promise, challenges like rising competition, regulatory approvals, and its sky-high valuation cannot be ignored.
Investors should assess their risk tolerance and objectives before making a decision. Above all, continue conducting independent research and seek financial advice to align your investments with your goals.
Finance
5 Amazing Benefits of Hard Money Loans

Hard money loans are a good financing option for real estate investors. Unfortunately, if you are a novice investor and are applying for this loan, you should educate yourself about its benefits to make an informed decision. This article will help you learn about the benefits of hard money loans. Let’s dive in.
For pensioners, finding financial solutions that suit their unique needs can be challenging, especially on a fixed income. Quick loans for pensioners offer the benefit of fast approval and minimal paperwork. These loans are designed to help those in retirement manage unforeseen financial burdens, such as large medical bills or urgent repairs. However, it’s vital to remember that even though these loans are accessible, they often come with higher interest rates, so it’s important to assess whether taking on the debt is truly the best option.
1. Lower Restrictions
The lower restriction is one of the critical benefits of hard money loans. Compared to traditional loans, this loan requires less documentation for approval. According to the records, a hard money loan can be approved within 2 to 3 working days.
So, make sure to look for a reliable hard money lender who is eager to provide funds to you quickly. Plus, give the right and required documents to the lender to get approval for a hard money loan in a timely manner.
2. Quicker Closing Times
The next significant benefit of opting for hard money loans is that they have quicker closing times than traditional loans.
For instance, if you are planning to buy a home to increase your assets, you can search for a private hard money lender to get the funds you need at this time of emergency. You can get the approval for the loan within 3 days without considering complex requirements.
On the other hand, if you go to the bank to get the funds to buy the home, the process can take more than a week, which can delay your whole schedule.
3. Greater Funding
More significant funding is another critical benefit of hard money loans. For instance, when you want to buy an outdated property at a prime location, you can secure more considerable funding after going to a money lender. The funding can help improve your property’s condition and increase its value at the time of its sale.
On the other hand, you may need to get more loans to buy and update such dated property and raise its value. It is not financially beneficial for you. So, to avoid getting more loans, consider hard money loans instead of traditional loans.
4. More Flexibility
Flexibility is another crucial benefit of getting hard money loans. By working with hard money lenders, you can negotiate your loan deals with them. It can help you alter your loan’s terms according to external factors.
On the other hand, banks do not provide you with such flexibility. You may need to follow the loan terms throughout the whole loan process.
5. Few Requirements
Finally, the critical benefit of hard money loans is that they have fewer requirements than traditional loans. Having fewer requirements means more chances to get approval for any loan. Such requirements include sufficient equity in the property, enough cash to make monthly payments, and an exit strategy.
On the other hand, bank loans require a lot of requirements. If you meet them, you can get loans; otherwise, you are not eligible.
More requirements mean less chance of getting loan approval. Thus, if you are looking to get the quick funds you need, consider the option of hard money loans.
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