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Navigating the Mortgage Loan Application Process with Ease

In India, mortgage loans are more popularly known as loans against property or property loans. Individuals who own property can pledge it as collateral or security and borrow funds against it. The interest rate on such loans is low for the risk for lenders is minimized by the presence of a high-value collateral. Further, borrowers have the flexibility to choose the loan tenor based on … Continue reading Navigating the Mortgage Loan Application Process with Ease

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Home Loan, home loan balance transfer

Streamlining Home Loan Balance Transfers: A Step-by-Step Process

A few years ago, the Reserve Bank of India came up with a new mandate: home loan borrowers on floating interest rates can now foreclose their loan at any point during their home loan tenor without paying any penalty. This has made it possible for home loan borrowers to transfer the remaining balance on their home loan to another lender if they find a lender … Continue reading Streamlining Home Loan Balance Transfers: A Step-by-Step Process

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Home Loan

In a Few Steps, Determine Your Eligibility for a Home Loan

These days, it is impossible to buy a home without taking a home loan. Property prices have increased drastically over the last few years and it is impossible for people to buy a house solely with their savings. Further, people are also growing more and more comfortable with the concept on loans. Most people have multiple loans and do not find it difficult to repay … Continue reading In a Few Steps, Determine Your Eligibility for a Home Loan

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Home Loan

Ensuring a Smooth Home Loan Verification Process: Key Steps to Follow

Home loans are big-ticket loans. The ticket size can range from a few lakhs to a few crores. In other words, home loans involve a hefty amount and therefore, lenders sanction them very carefully. Loan applications from only those individuals meet with approval who meet all the home loan eligibility criteria. Further, lenders release the final loan sanction letter and the loan agreement only after … Continue reading Ensuring a Smooth Home Loan Verification Process: Key Steps to Follow

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Loan Against Property

Smart Borrowing: Decode Loan Against Property Interest Rates

Loans against property or property loans are long-term loans with the long tenor going up to 18 to 20 years. With such a long repayment tenor, it becomes crucial that one avails themselves of the lowest property loan interest rates possible. Low property loan interest rates translate into low EMIs and low costs of borrowing a loan. Today, property loan interest rates start from as … Continue reading Smart Borrowing: Decode Loan Against Property Interest Rates

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Calculator

Optimizing Investments: Understanding LTV with our Calculator

Over the last year, property prices have delivered stellar returns and therefore, not very surprisingly, the real estate sector has become a hot spot for investors looking to gain from the boom that is expected in the coming years. If you are someone who invests in the real estate sector regularly for an investment purpose or someone who is doing so for the first time, … Continue reading Optimizing Investments: Understanding LTV with our Calculator

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cibil score

Understanding CIBIL Score Ranges: A Comprehensive Guide

CRIF Highmark, Experian, Equifax and TransUnion CIBIL are four credit information agencies recognized by the Reserve Bank of India. These agencies collect information from banks, financial institutions and commercial lenders on credit users and use this information to ascertain their creditworthiness and repayment capacity. Based on their judgement, they assign each credit user a credit score, a number between 300 and 900 that is indicative … Continue reading Understanding CIBIL Score Ranges: A Comprehensive Guide

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Loan Against Property

Unlocking Home Equity: The Basics of Loan Against Property

In India, everyone dreams of becoming a homeowner. Homeownership is a goal that almost 70 to 80% of people strive for. Homes bring with them a sense of relief. One knows that even if life does not turn out as planned, one will always have a roof over their head and a place where their family can live peacefully. These days, homes can also help … Continue reading Unlocking Home Equity: The Basics of Loan Against Property

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cibil score

Securing Your Future: The CIBIL Score for Home Loan Approval

Homeownership is one of the top life goals for the majority of Indians. A home is not just an asset that is sure to bring great returns in the future but it also brings along with itself a sense of stability and security. Further, over the last few years, with demand exceeding supply, landlords have become quite unpredictable. They increase rent as and when they … Continue reading Securing Your Future: The CIBIL Score for Home Loan Approval

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Home Loan

How Prime Lending Rate (PLR) Impacts Your Home Loan Interest Rates

You are planning to buy a home. You have done your research, decided the lender you wish to avail yourself of a home loan from and saved enough to easily be able to clear the down payment. You now approach your preferred lender and are surprised to learn that they plan to charge you a home loan interest rate much higher than you imagined. You … Continue reading How Prime Lending Rate (PLR) Impacts Your Home Loan Interest Rates

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