The approval of any loan depends on borrowers meeting the conditions as stipulated by the lender. And a home loan is no exception. You should have sufficient income to pay the home loan EMI without any trouble. Like any other loan, a home loan...
Read MoreProperty Documents Required for a Home Loan
Home Loan applications are often rejected due to document insufficiency. Most just concentrate on the loan amount they are eligible for and the interest rate at which they will service the loan. They don’t emphasize much on the documentation part,...
Read MoreGovernment Housing Schemes in India
The Government of India and the State government provide housing schemes to Indian citizens so that they can buy their homes easily. Irrespective of the class or group they belong to, these housing schemes allow the middle and lower income group to...
Read MoreShould You Buy a House in 2020?
The year 2020 has been far from ideal as far as economic activities are concerned. These activities also include the buy and sale of housing units across India as the Coronavirus-induced lockdown has slowed down the process. Real estate offices were...
Read MoreHow to Ensure Maximum Savings on a Home Loan?
The primary need for a large number of people in India is still to own their homes. But the high prices of real estate is the biggest hurdle that they have to face initially. A home loan from Banks, Non-Banking Financial Companies (NBFCs) and...
Read MoreWhat is the 28 36 Rule in a Home Loan?
Home Loans are considered to be one of the most popular financial products among customers. The reason behind this fact is a home loan that helps individuals buy homes that can otherwise be hard to achieve given their high prices. That’s why they...
Read MoreHow to Get a Home Loan at a Lower Rate of Interest?
If you see the interest rate of different loans, you will find the rate much lower in a home loan compared to other loans. Thanks to constant repo rate cuts made by the Reserve Bank of India (RBI), home loan rates have fallen to 7%-8% per annum now....
Read MoreDifference between Agreement of Sale and Sale Deed
Everybody needs a home for themselves. And almost every individual opts for a home loan to purchase the home they want. Why? Because of the soaring prices of real estate, not everybody can afford to purchase the home by paying the price in one go....
Read MoreWhich Type of Home Loan is Best for Me?
Home loans come with a long commitment that can span up to 30 Years. So, if you don’t pick the loan rightly, you might rue later on! The long tenure coupled with massive loan amounts that one has to take to buy a house invariably bring substantial...
Read MoreHow Can I Get Approved for a Home Loan?
A lot of individuals don’t own a home in India. The primary reason behind this is the soaring real estate prices. With limited savings and monthly income at their disposal, they simply cannot afford to pay the price of a home in one installment....
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