The Covid-19 Coronavirus pandemic has an opportunity in store for home loan borrowers to cash in. Wondering how? Well, the pandemic could result in lower offtake of home loans because of the poor demand for buying homes. The poor demand will result...
Read MoreTop Up on Home Loans in India
It might sound strange to many that they can get funds for marriage, education or even medical emergencies with a home loan. But it’s true! An existing home loan has the facility of a top-up loan over it. Many lenders offer this facility to their...
Read MoreShall You Switch Your Existing MCLR-based Loan to Repo Rate Regime or Continue with the Same?
The Reserve Bank of India (RBI) has cut the repo rate by more than 100 basis points in the Calendar Year 2019 in a bid to propel the economy that is facing slowdown. The low inflationary scenario prevailing for most of the year helped the central...
Read MoreWhat Home Loan Amount am I Eligible for?
The eligible home loan amount usually tends to change from one individual to another. Also, it depends on a lot of important factors. Anyone who looks to opt for a home loan would want to know the eligible home loan amount before applying. But...
Read MoreHow & When to Part Pay Your Home Loan?
A 20-year home loan of ₹50 lakh at an interest rate of 8.50% per annum will mean interest obligations of ₹54,13,879, more than the principal amount. But you can reduce the interest payment by making a part payment of say ₹1 lakh after the...
Read MoreSBI Introduces RBBG Scheme to Refund Home Loan Customers If Their Money Gets Stuck in Stalled Projects
The country’s largest lender State Bank of India (SBI) has introduced the Residential Builder Finance with Buyer Guarantee (RBBG) scheme for its home loan customers. The development is significant given that the customer confidence in the real...
Read MoreHome Loan in Bangalore
Top Banks for Home Loans in Bangalore with Branch Addresses Eligibility Criteria for Home Loan in Bangalore Salaried must be a minimum of 21 years at the time of loan application and not over 58 years at the maturity of a loan. Self-employed...
Read MoreCSB Bank Home Loan
About CSB Bank Home Loan CSB Bank, formerly known as Catholic Syrian Bank offers house loan facilities to needy individuals or a group of individuals for the purpose of purchase of a new/existing house/flat. Whether you are looking for construction,...
Read MoreCity Union Bank Home Loan
In a country like India, buying their own home is still a luxury for many individuals because of the extravagant prices of homes. Because of these prices, not many people can afford to pay the full amount in one go, depriving themselves of having a...
Read MoreCan a Home Loan be Transferred from One Individual to Another?
Yes, it’s possible. If a property owner does not want to repay the loan any further, he/she can transfer the debt to someone else. But that will happen only if the owner sells the property to the new buyer and get the ownership title transferred...
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