Home loan Refinance refers to transferring your existing home loan to some other financial institution such as any other bank or NBFC or housing finance company for majorly two important purposes. This include reducing the current rate of interest and hence EMI ,or to get topup on your existing home loan for any further home […]
Unique tricks to Pay off your Home Loan: Strategically make partial prepayments: Take a closer view of your monetary plans before thinking that you have to pay off the home loan. You can also think about refinancing your home loan. Refinancing will lower home loan interest rate and reduce the option for repayment. Make sure […]
Points that help you enhance your home loan eligibility: Before you apply for a home loan, knowledge of the factors that affect your home loan eligibility criteria is necessary which includes: Applicant’s age Applicant’s income Credit score Location of property Market value of property Repayments capacity, etc 1. Build a strong credit score: So here […]
HDFC Bank Ltd. is a popular Indian Banking service. It is one of the largest private-sector lenders. The bank was founded in 1994 and since then has many branches across the country to provide bunch of financial services to the public. It has a range of loan products such as education loan, overdraft loan, personal […]
Home loans are the best source of funding when one wishes to buy their dream home. Considering the prices of properties touching the skies, it is evident that the money required is huge. Being a secured loan, the applicants can avail a bigger loan amount without much hassle. But the main hindrance begins when one […]
A home loan is a long term commitment between the lender and the borrower. The relationship goes for the loan tenure which is usually around 20-30 years. Paying monthly instalments and interest for such a long tenure can be burdensome. Home loan for salaried is easier to procure in comparison to home loan for self-employed […]
When it comes to buying a property, one ought to alert and check the property and land records. Indian real estate industry use to involve considerable amount black money, frauds and non-transparency and hence it is important to remain vigilant to avoid getting cheated. A smart way to protect self from such scenarios is to […]
Pradhan Mantri Awas Yojna, abbreviated as PMAY is a government-aided home loan scheme. The main motto behind the scheme is to provide affordable housing for all. It came into existence in June 2015 and has its goal of providing affordable housing equipped with facilities of 24 X 7 power supply, water supply and sanitation facility […]
A home loan is a long term commitment wherein a large chunk of your monthly income goes into the monthly instalment. And with that happening, one certainly isn’t left with many funds in hand to care for any other financial emergency. Moreover, with a running loan, you may not get another loan or credit from […]
Affordable housings are a new rage. It is more of a necessity in today’s time in developing nation like India where people can’t seem to buy themselves a home pertaining to the skyrocketing prices of the properties and low-income brackets of working people. Affordable homes as the name implies are the houses which can be […]
