Author: Home & Loans Blog

Prafulla Mishra is an experienced financial analyst & writer who is well known for his ability to foretell market trends as well. I have worked extensively in the finance sector along with many organizations. I spend most of my time on reading finance related stuff on google and love to share my expertise with readers.
Home Loan

Maximizing Tax Benefits on Joint Home Loans Under Section 24 and 80EE

Buying a home is one of the most significant financial decisions for most people. For many, it is a once-in-a-lifetime investment. A home loan is an excellent way to finance this investment. However, it can also be a burden on one’s finances. To make it easier, joint home loans have become increasingly popular in India. They offer several benefits, including tax benefits. If you are … Continue reading Maximizing Tax Benefits on Joint Home Loans Under Section 24 and 80EE

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Home Loan

Simplifying Home Loan Sanction Letter and Verification Process

Are you planning to take out a home loan to finance your dream home? While the process of applying for a home loan may seem daunting, understanding the home loan sanction letter and verification process can simplify the process and help you secure lower home loan interest rates. Understanding the Home Loan Sanction Letter The home loan sanction letter is an official document issued by … Continue reading Simplifying Home Loan Sanction Letter and Verification Process

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Home Loan

Everything You Need to Know About Home Loan Interest Rates and Eligibility

A home loan is a secured loan that individuals can acquire from banks or financial institutions to finance the purchase or construction of a house. The loan is secured against the property being purchased, which serves as collateral, and the borrower is required to repay the loan amount in EMIs (Equated Monthly Installments) over a specific period, typically ranging from 25 to 30 years. Due … Continue reading Everything You Need to Know About Home Loan Interest Rates and Eligibility

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Calculator

Let’s Check Home Loan Affordability Using the Online Calculator

Not everyone who applies for a loan gets approved for one. Only those who meet their lender’s eligibility requirements get approved for a loan. All lenders have strict home loan eligibility requirements. Lenders put forward these requirements to minimize cases of loan default and ensure that loan EMIs will come on time. Borrowers can check their home loan eligibility using a home loan eligibility calculator. … Continue reading Let’s Check Home Loan Affordability Using the Online Calculator

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Loan Against Property

Learn About the Eligibility Criteria Before Applying for Loan Against Property

Loans against property are a special type of loan under which a borrower pledges their residential or commercial property as security in return for loan money. Some lenders also accept land as security. Since loans against property are backed by collateral, i.e. have security involved, lenders sanction these loans at low-interest rates. Loans against property are highly cost-effective and this is the primary reason behind … Continue reading Learn About the Eligibility Criteria Before Applying for Loan Against Property

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Loan Against Property

5 Basic Things to Consider for Mortgage Loan Process

A mortgage is one of the most popular methods of obtaining a large sum of money to address any unforeseen expenses that you may have, and this type of loan is beneficial when you have to pay any unforeseen expenses such as medical bills, renovation, education fees, or even business expansion, and this is made possible because, unlike other types of secured loans, there are … Continue reading 5 Basic Things to Consider for Mortgage Loan Process

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Home Loan

Home Loan VS Loan Against Property: Key Factors to Remember

Both home loans and loans against property are secured loans. In other words, in the case of both the loans, the lender offers a loan against a security, which is invariably a residential property in the case of home loans. In the case of loans against property, however, this property could be a residential or commercial property or even a piece of land. A home … Continue reading Home Loan VS Loan Against Property: Key Factors to Remember

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Home Loan

Eligibility Criteria to Avail Quick Loan Against Property

Loans against property are an excellent way of arranging money in case of an emergency. Under this type of loan, a borrower pledges their residential or commercial property as collateral in return for loan money. Though the risk involved for the lender is minimized by the collateral present, lenders are still strict about borrowers meeting their property loan eligibility requirements to reduce the chances of … Continue reading Eligibility Criteria to Avail Quick Loan Against Property

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Home Loan

Step-by-Step Guide to Apply for Housing Loan in India

These days, most homebuyers avail of a home loan to fund the purchase of their home. Even those who can afford the upfront cost prefer to take the home loan route, simply because housing loans allow borrowers to keep their savings safe for a rainy day and pay for their home in a convenient manner. Further, home loans are the cheapest of all loans — … Continue reading Step-by-Step Guide to Apply for Housing Loan in India

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Home Loan

Calculate EMIs and Avail of Benefits with a Home Loan Calculator

Those planning to avail of a home loan to fund the purchase of their home must mandatorily use a home loan EMI calculator to plan repayment as well as other things. A home loan calculator is an online tool that allows borrowers to calculate their EMIs for their desired loan amount. The basic home loan calculator requires borrowers to enter three different values: desired home … Continue reading Calculate EMIs and Avail of Benefits with a Home Loan Calculator

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