Availing a housing loan is quite common in India, considering the high demand within the real estate sector in this day and age for luxury or affordable luxury, and with property prices accordingly increasing. Once your housing loan has been…
5 Tips to manage your Home Loan EMIs
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Top 7 Banks for Home Loans 2021
A home loan is a popular loan in the Indian market, provided the fact that many are able to fulfil their housing dreams via home loans. Also, the popularity of this loan has led to the establishment of plenty of…
What happens if the Loan is not paid back by the borrower?
A Loan is an amount of money provided to the borrower by the lender with or without any collateral, with the promise of repayment of the initial amount borrowed along with interest. This way the borrower gets the money in…
Home Loan Application rejection reasons
There are several others factors that could influence this decision these you may not even be responsible directly. However, you need to be aware of those rejection reasons. Hence the following are some of its reasons. 1. Previous Rejections Banks…
SBI offers up to 2 years repayment relief for Home and Retail Loans
State Bank of India will provide relief to home and retail loan borrowers impacted by Covid-19 in the form of either a moratorium of up to 24 months or by rescheduling instalments and extending the tenure by a period equivalent…
Critical things to consider while setting a budget for a new home
Buying a house is possibly the biggest financial task of our lifetimes. It often requires years of planning and research, and another 10-30 years to clear the home loan dues. The stakes couldn’t be any higher when a major portion…
Latest Home Loan Interest Rates July 20, 2020
What are the various fixed and floating interest rates on offer for home loans today? Let’s take a comprehensive look at interest rates across banks and housing finance companies. Institution Under Rs. 30 L Rs. 30 L to 75 L…
LIC Housing Finance slashes home loan rate to all-time low of 6.9%
Mortgage lender LIC Housing Finance introduced an all-time low interest rate rate of 6.9% for new home loan borrowers. To bring in rate parity even current borrowers will be able to enjoy this new rate of interest. The interest rate…
Don’t just consider the interest rates when taking a home loan
Interest rates on home loans have been falling ever since the lockdown, with the Reserve Bank of India (RBI) opting for deeper cuts in the policy rates to revive demand and economic activity that has taken a beating due to covid-19. In…
Basic Rules of Buying a House
Among the most major decisions that are driven by a investor’s psychology rather than financial factors, perhaps the biggest is buying a house, the space we occupy seems to play a big role in our view of self. Developers too…