You are given loans not only to buy a home but also to construct the same on an owned plot, which could be on a freehold or leasehold basis. Home construction loans can be given by banks and housing finance companies to both salaried and...
Read MoreBest Plot Loans in India
A home comes top in the list of needs of a common individual. Everyone wants their own roofs above their heads. And in a country like India, where there are so many people who want to own their homes, but cannot buy because of the lack of required...
Read MoreWhat Should an Individual do if the Lender Loses Original Sales Deed of a Property?
Home Loans have made it possible for many to buy a home. Through this facility, a borrower gets the required funds from the lender at affordable interest rates. A home loan is a secured loan as it comes with an equitable mortgage of the property you...
Read MoreStamp Duty & Registration Charges on Your Home Purchase
Home loans are secured with an equitable mortgage of the property you wish to buy. The mortgage is executed and remains with the lender in the form of a Memorandum of Deposit of Title Deed (MODT). To ensure the MODT happens successfully, you need to...
Read MoreExpenses That are Not Funded by Home Loans
Looking to buy a home for the first time on a loan? You should be aware of how much home loan you can get from lenders. Home finance is generally restricted to 75%-90% of the cost of the property. This includes the cost of land too. But the rest...
Read MoreWhich is the Best Home Loan Duration for You?
Lenders provide a long duration to borrowers to repay their respective home loans and help many buy their dream home by doing so. Talking about the duration, it can be a maximum of 30 years. With such a duration, the monthly obligations i.e. Equated...
Read MoreLegal & Technical Verification of Home Loans That You Should Know
One often looks at the interest rate of home loans but doesn't emphasize on the legal and technical verification that can make or break the case for him/her. Yes, having a home loan, which can be profoundly large in size, at a lower rate of interest...
Read MoreICICI Express Home Loan
ICICI Bank, one of the largest private sector banks in India, has introduced Express Home Loan for borrowers wanting to buy, construct, renovate or extend a home unit. The process is all digital, so there’s no need to visit the bank branch. This...
Read MoreCan I Change My Housing Loan Tenure in HDFC Bank?
Firstly, HDFC Bank sources housing loans for HDFC Limited, the parent company of the Mumbai-headquartered private banker. As far as the housing loan tenure goes, the noted mortgage player offers it for a maximum of 30 years. You can choose the...
Read MoreGood News! You Can Pause Your Home Loan EMI for 3 Months
Paying heed to the request of the government asking it to relax loan EMIs for borrowers amid the financial stress caused to them due to the Covid-19 Coronavirus pandemic, the Reserve Bank of India (RBI) has made an announcement wherein all retail...
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