Having a house remains on the wishlist of us as it takes us away from the hassles one normally experiences with rented accommodation. But the high price tag of houses these days means some homework for you. You can take a home loan like most do to...
Read MoreWhat Should You Not Do Before Buying a House?
A house remains one of the big-ticket purchases as real estate costs are quite high. A very few have the luxury of buying it without a home loan. The rest will need to take a loan to fulfill this BIG dream. That said, one needs to pay something from...
Read MoreHow do I Know If I Qualify for a Home Loan?
It feels great when the lender approves your home loan application and lets you purchase your dream home. Such reactions are natural as you dream of having a home much before you buy it. The approval depends on your income and the authenticity of...
Read MoreFactors That Have Raised the Home Loan Eligibility for Borrowers Recently
The real estate sector is witnessing an uptick with many customers taking a home loan to buy a house these days. According to news reports, sales of housing units have risen across major cities, including Mumbai and Delhi-NCR, of late. During...
Read MoreBenefits of Paying Home Loan EMIs on Time
Home loan EMIs can be a significant amount to pay considering the prevailing property prices. You can reduce the EMI amount by enhancing the loan tenure to as long as 30 years. Even then, the home loan EMI can be quite an amount to pay. But many are...
Read MoreWhat is the Maximum Loan Tenure Offered to NRI Salaried Customer for Purchase House/Flat
Keeping in mind the increasing demand of Home Loan among NRI and unique regulatory requirements. Banks and housing finance companies have curated specialized schemes for Home Loans for NRI. And NRIs can avail Home Loan from any corner of the world...
Read MoreWhat is the Best Way to Buy a House?
In an ideal world, the best way to buy a house will be to pay its price in one go, instead of doing so with a home loan and paying interest on the same. But given the real estate prices, many can’t buy a house without a loan. On average, the...
Read MoreDifferent Home Loan Repayment Options Explained
Given the current property rates, the home loan amount will most likely be in the range of INR 20 lakh to INR 60 lakh. It will keep the Equated Monthly Installment (EMI) relatively high. It's all good when you keep paying the EMIs on time. Not only...
Read MoreWow! You Can Now Earn Interest Cashback on Your Home Loan
The government has announced an interest cashback scheme for borrowers who availed of the moratorium, launched by the RBI for March 1 - August 31, 2020. Even those who did not take a moratorium will benefit from the cashback scheme. However, the...
Read MoreIs It Good to Pay Off the Home Loan as Early as Possible?
Getting relieved from home loan payments before the scheduled finish gives you more space to spend on your priorities. The large home loan quantum, which is likely to be the case given the surging property prices, keeps the EMI relatively high and...
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