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…
Tips to increase your Home Loan eligibility
The approval of loan application is to meet various loan eligibility criterions such as age, income, credit score, location of property, repayment capacity, etc. The following are the tips to increase your Home Loan eligibility: Clear your Existing Loans Look…
Lowest Home Loan Rates on offer
The following Banks/NBFCs that offers lowest Interest Rates for Home Loan at present: SBI Max-Gain – 8.50% Maxgain Home Loan is an innovative and customer-friendly product enabling the customers to earn optimal yield on their savings by reducing interest burden…
Home Loan – Myths
Some of us are misguided by the myths and misconceptions surrounding home loans. If you are planning to buy a house, make sure you don’t fall victim to the following myths while taking a home loan. Longer Home Loan Tenure…
Factors to consider before taking out a Loan
Taking out a loan can be a significant decision, so it is important to make a wise decision. These are the few things you must keep in mind before availing loans. Check Your Credit Score Your credit score says a…