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 Loan Rejection Reasons
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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…
Home Loan Overdraft – IDFC
IDFC Bank – Short and Sweet Home Loan Short & Sweet home loan is a current account linked loan. Money deposited in the account is adjusted towards your loan outstanding and the interest is calculated at the net balance. However,…
Home Loan Overdraft – Citibank
Citibank – Home Credit Citibank offers you the unique home credit loan that combines the benefits of a regular term loan with the transactional features of a current account. This facility also helps you to save on interest and to…
Home Loan Overdraft – Axis Bank
Many banks offer OD facility on home loan to save interest. Some of the popular home loan overdraft schemes are: State Bank of India – SBI MaxGain Axis Bank – Super Saver Home Loans Citibank – Home Credit IDFC Bank…
Home Loan Overdraft
The home loan overdraft facility allows the borrower to use the advance as a savings account and transfer surplus there. The advantage is that no interest is charged on the home loan to the extent of the extra money kept…