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

Process and Benefits of Home Loan Balance Transfer

Lenders make money by charging interest on loans. Therefore, when a borrower closes their loan or chooses to transfer their loan to another lender, lenders lose money. Therefore, until a few years ago, borrowers could not transfer their loans to another lender. However, a few years ago, the Reserve Bank of India passed a mandate. Now, borrowers on floating rates of interest can prepay their … Continue reading Process and Benefits of Home Loan Balance Transfer

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Loan Against Property

Definition of Loan-to-Value and How to Calculate it

A Loan-to-Value (LTV) ratio is one of the most important factors to consider when applying for a loan against property because the amount of money you can receive is determined by your property’s Loan-to-Value ratio. To know better you must first know about loan to value ratio in detail. A Loan-to-Value is expressed as a percentage, and it determines the loan value you are eligible … Continue reading Definition of Loan-to-Value and How to Calculate it

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Income Tax

Top 3 Income Tax Benefits on Loan Against Property

Loans against property or property loans are a type of secured loan under which borrowers pledge a residential or commercial property as collateral. The lenders sanction 60% to 70% of the property’s value as a loan. Since loans against property are backed by security, these loans are sanctioned at low-interest rates. As of today, borrowers can avail of a loan against property at interest rates … Continue reading Top 3 Income Tax Benefits on Loan Against Property

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Home Loan

Guide to Home Loan Sanctioning and Disbursement

Before you apply for a home loan, you should understand how the process works because this will help you understand how a home loan works and what is expected of you. There is a home loan disbursement process that you must go through before you are approved for a home loan, as well as the terms and conditions of the lender you have chosen. The … Continue reading Guide to Home Loan Sanctioning and Disbursement

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Calculator

What is Stamp Duty and Why Pay for it?

Buying your dream home is a once-in-a-lifetime experience because it can be an overwhelming experience that requires an exorbitant amount of money that you will be required to repay over a period of 25-30 years. When you buy a home, you must go through the following steps: shortlisting the property you want to buy, applying for a home loan, meeting the eligibility criteria, documentation, receiving … Continue reading What is Stamp Duty and Why Pay for it?

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Land Area Calculator

Advantages of Using Land Area Calculator in India

What is an Area Conversion Calculator? A Land Area Conversion calculator is used to convert one unit of measurement to another without the need for manual calculations or formulas. Manually converting units of measurement can be time-consuming, and the margin for error is high, resulting in incorrect results.  There are numerous online conversion calculators available these days that can help you convert your required unit … Continue reading Advantages of Using Land Area Calculator in India

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