Apartments and pre-built houses are not for everyone. Some still prefer the traditional path to realising their dream home - taking an empty plot and getting a structure built as per their family needs and design sensibilities. You may think it is...
Read MoreWhen Should You Say ‘NO’ to Home Loan Prepayment?
Paying off a home loan before the agreed tenure can reduce your interest payment drastically if you do it at the right time. You could also feel free with no EMI to pay afterward. Let’s be told that the process of paying off the loan before the...
Read MoreThings About Home Loans You May Not be Aware of
Most borrowers know that a home loan is not financed fully and they need to make some payment (10%-25% of the property cost) from their end. Plus, they know the importance of a lower interest rate to their financial harmony. But given that a home...
Read MoreHome Loan Eligibility According to Different Incomes
Home Loan is one of the popular loan options among the customers. Banks, Non-banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) provide Home Loans to customers so that they can purchase their dream home. But there is an...
Read MoreWhat Should be the Minimum Salary for Home Loans?
Income is the point where lenders can approve or reject home loan applications. It indicates greatly about your ability to repay the home loan; the greater the income the more repayment capabilities you will have and vice versa. Although lenders...
Read MoreHome Loan Offers for Self-employed Individuals
The soaring real estate prices make many put their dream home plans on hold. But not when you have a customized home loan that comes with easy EMIs. There are several banks, Non-Banking Finance Companies (NBFCs) and Housing Finance Companies (HFCs)...
Read MoreHow Can I Clear My Home Loan?
Home loans can be quite difficult to service when you become 45-50 years old and don’t achieve the desired professional growth by that time. The likely situation of limited jobs at that stage of life can make you feel cramped while paying the home...
Read MoreLet’s Discard These Home Loan Myths
Seeking advice from someone who doesn’t know much about financial products like a home loan can lead you to develop myths only to harm you in the end. Having myths can either increase your home loan burden or make you lose out on opportunities....
Read MoreWhat is the Maximum Home Loan Amount One Can Apply for?
Banks and Housing Finance Companies (HFCs) offer a maximum loan amount based on your income, the property you wish to buy and your existing obligations. For example, LIC Housing Finance offers as much as INR 15 Crore, depending on the eligibility of...
Read MoreLenders Whose Home Loan Interest Rates are Below 7%
The year 2020 has been unprecedented with things getting unsettled by the disruptions caused due to the ongoing COVID-19 pandemic. On a brighter side, things have been good on the home loan front with interest rates getting eased drastically from...
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