A joint home loan is a massive financial obligation. Apart from the huge EMIs that are particular to these loans, the tenures are not lesser than 15 to 20 years which means you pay the EMIs for a large portion…
Joint Home Loan –Myths
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Joint Home Loan-Advantages and Disadvantages
Joint Home Loan is one of the best-marketed product by banks and NBFC’s. Through Joint Home Loan banks hedge their mortgage risk. These days almost all the banks insist on Joint Home Loan even if the property is bought in…
Psbloansin59minutes Home Loan
Online loan platform PSB Loans in 59 Minutes has launched in-principle retail loan approval for home and personal loan customers. The platform is currently offering loan approvals to MSME sector. The applicants will get an in-principle approval for loans within…
SBI Cuts Interest Rates on Home Loans, Fixed Deposits
India’s biggest bank State Bank of India or SBI has cut interest rates on fixed deposits or FDs, its second revision in about 15 days. SBI today lowered FD rates by 20-25 basis points. SBI also announced reduction in its…
Home Loan Rejection Reasons
When you apply for a home loan, the bank has every right to accept or reject the same. In case your loan is rejected, your bank may or may not tell you the exact reason. While you cannot demand answers…
Home Renovation/Improvement Loans
A home is usually said to be a reflection of its owner. You can now spruce up your home and make renovation a milestone as memorable and enjoyable as home buying. With Home Renovation Loans you can upgrade your existing…
Home Renovation Cost
Are you looking to restore or renovate your home? Calculating the exact cost of the restoration can be difficult. There are many things you must take into account while preparing your budget. It is always a good idea to keep…
Home Loan under PMAY
Pradhan Mantri Awas Yojana (PMAY) Ministry of Housing and Urban Poverty Alleviation (MoHUPA) has introduced in June 2015, an interest subsidy scheme called Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (URBAN)-Housing for All, for purchase/construction/extension/improvement of house…
Section 80EE – Tax Deduction on Home Loan Interest
Section 80EE allows Income Tax benefits on the interest portion of the house property loan availed from any financial institution. The deduction allowed under this section is for the interest paid on a home loan for up to a maximum…
Joint Home Loan – Facts to know
Applying for a joint loan is one of the most convenient ways of increasing your home loan eligibility. However, there are some other points that you need be aware of before applying for such loans. Let’s take a look at…