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

Home Loan NOC: Everything You Need to Know for a Smooth Transition

NOC refers to the No Objection Certificate. This important legal document is also sometimes referred to as a No Dues Certificate. It’s a document that states that the home loan borrower has paid all home loan EMIs as well as successfully repaid both the interest and the principal component of their home loan and therefore, they are now the rightful owner of the property against … Continue reading Home Loan NOC: Everything You Need to Know for a Smooth Transition

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cibil score

Achieve Optimal CIBIL Score for Loan Approval

Those planning to apply for a loan must make sure they have a CIBIL score of 750 or above. Such a CIBIL score indicates high repayment capacity and creditworthiness and therefore, leads to quick loan approval. It also allows borrowers to have high negotiating power and ask for better terms and conditions on their loans. If your CIBIL score is below 750, here are a … Continue reading Achieve Optimal CIBIL Score for Loan Approval

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Home Loan

Essential Documents Required for a Smooth Home Loan Application

Over the last few years, the demand for home loans has increased significantly. This is primarily because home loans allow borrowers to buy a home and pay for it slowly and conveniently over a loan tenor that works best for them. Home loans also offer home loan tax benefits and borrowers can avail of these benefits to save money each financial year. Further, home loans … Continue reading Essential Documents Required for a Smooth Home Loan Application

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cibil score

Achieving a Good Credit Score: The Key to Financial Success

All credit information agencies assign credit scores to borrowers. The credit score is a three-digit number between 300 and 900 that indicates a borrower’s repayment capacity and creditworthiness. All lenders check a loan applicant’s credit score before deciding on their loan application. Doing so allows lenders to gauge the risk involved in lending money as well as the chances of loan default by the borrower.  … Continue reading Achieving a Good Credit Score: The Key to Financial Success

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Home Loan

Statutory Liquidity Ratio (SLR): A Crucial Metric for Financial Stability

The Reserve Bank of India governs all commercial banks and lenders within the country and as per one of the RBI guidelines, all banks and commercial lenders operating within the country must maintain a certain portion of their time and demand deposits in the form of liquid assets before they can start lending out money to borrowers. Lenders must maintain this deposit within their vaults. … Continue reading Statutory Liquidity Ratio (SLR): A Crucial Metric for Financial Stability

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Home Loan

Determine Your Borrowing Potential with Home Loan Eligibility

Home loans are a long-term commitment. These loans go on for years and therefore, one must be extra cautious while availing themselves of home loans. The tenor for home loans extends between 15 to 30 years. Further, since home loans involve a substantial amount of money, borrowers must borrow carefully and after taking into account their income and repayment potential. All lenders offer online handy … Continue reading Determine Your Borrowing Potential with Home Loan Eligibility

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Loan Against Property

Simplify and Secure: Step-by-Step Guide to Applying for a Loan Against Property Online

Loans against property or property loans are an excellent way to arrange funds at low-interest rates and for an extended tenor. Property loans allow borrowers to get access to a substantial loan amount. More importantly, the loan money comes with zero end-use restrictions and the borrower can use the money as they like. These benefits have made loans against property quite popular. If you are … Continue reading Simplify and Secure: Step-by-Step Guide to Applying for a Loan Against Property Online

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cibil score

Why Checking Your CIBIL Score Regularly is a Smart Financial Move

Homebuyers planning to avail themselves of a home loan are advised to maintain job and income stability as well as a high CIBIL score to not only enhance their chances of loan approval but also their negotiating power and therefore, the possibility of being able to avail of a loan on terms and conditions that work best for them. A stable income and job are … Continue reading Why Checking Your CIBIL Score Regularly is a Smart Financial Move

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Loan Against Property

Decoding Loan Against Property Interest Rates: Finding the Best Deal for You

Much like home loans, loans against property are also long-term loans. Therefore, it is crucial that one avails of these loans at the lowest interest rates possible. Securing a low-interest rate loan against a property deal is crucial as low-interest rates not only help one keep their EMIs pocket-friendly but also allow keep the cost of borrowing the loan to the bare minimum. In this … Continue reading Decoding Loan Against Property Interest Rates: Finding the Best Deal for You

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Home Loan

Ready to Settle? The Ultimate Guide to Taking a Home Loan

If you are planning to avail yourself of a home loan, here is a handy guide on things you should know and remember.  1. Most people do not know that home loans are a type of secured financing. The property one buys with the home loan availed of serves as collateral. In case of loan default, the lender can sell the pledged property and recover … Continue reading Ready to Settle? The Ultimate Guide to Taking a Home Loan

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