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

Demystifying the Home Loan Process: A Step-by-Step Guide to Secure Your Dream Home

Home loans are a type of secured loan. These loans are secured by the residential property that the borrower bought with the loan money. The home loan lender keeps the property papers with them until the borrower has repaid their loan in full. Once the home loan borrower has entirely repaid the principal amount along with interest, the lender removes the lien of hypothecation from … Continue reading Demystifying the Home Loan Process: A Step-by-Step Guide to Secure Your Dream Home

Unknown's avatarHome & Loans BlogLeave a comment
Loan Against Property

Loan Against Property Interest Rates: The Ultimate Guide

Loans against property are a type of secured financing. In these types of loans, a borrower borrows money against a collateral. Residential and commercial properties or a piece of land can serve as collateral in the case of these loans. Loans against property are considered low-risk loans by lenders as the lender can legally sell the pledged property for loan recovery if the borrower fails … Continue reading Loan Against Property Interest Rates: The Ultimate Guide

Unknown's avatarHome & Loans BlogLeave a comment
cibil score

Crucial Minimum CIBIL Score for Home Loans: Get Approved with Confidence

Over the recent past, the demand for home loans has increased significantly. Home loans are a convenient way of buying a home today as they allow borrowers to afford their dream home and pay for it in a comfortable and hassle-free manner in the form of home loan EMIs spread over a tenor that works best for them. Unfortunately, the growing demand for home loans … Continue reading Crucial Minimum CIBIL Score for Home Loans: Get Approved with Confidence

Unknown's avatarHome & Loans BlogLeave a comment
Loan Against Property

Leveraging Property for Education: Exploring Loans Against Property

Education has become insanely expensive. A recent survey has revealed that private education from age 3 to 17 costs somewhere around Rs.30 Lakh and putting a child through private college requires one to spend upwards of Rs.1 Crore. Therefore, these days, new parents start investing in mutual funds and other high-return saving instruments with a horizon of at least 20 years. However, 20 years ago … Continue reading Leveraging Property for Education: Exploring Loans Against Property

Unknown's avatarHome & Loans BlogLeave a comment
Home Loan

Understanding Repo Rate: Impact on Home Loans and Borrowing Costs

Lenders across the country borrow funds from the Reserve Bank of India for lending purposes. Now, lenders can borrow money without pledging any security or by pledging government securities, such as cash and gold. When commercial lenders borrow money by pledging government securities, the Reserve Bank of India charges interest in the form of the Repo Rate. Repo is the short form for Repurchase Agreement. … Continue reading Understanding Repo Rate: Impact on Home Loans and Borrowing Costs

Unknown's avatarHome & Loans BlogLeave a comment
Income Tax

Unlocking Housing Loan Tax Benefits: Maximize Savings on Your Home

If you are planning to avail yourself of a home loan, familiarize yourself with the various home loan tax benefits available to borrowers as these benefits can help one save considerably on taxes. In this article, we discuss the various tax benefits available on home loans. So, read on. Home Loan Tax Deductions on the Principal Component of the Home Loan Borrowers repay their home … Continue reading Unlocking Housing Loan Tax Benefits: Maximize Savings on Your Home

Unknown's avatarHome & Loans BlogLeave a comment
Home Loan

Everything to Know about Home Loan Top-Up

A home loan top-up is an added loan that borrowers can take on top of their existing home loan. It can be used for several purposes, like home renovation, consolidating high-interest debt, funding children’s education, etc. In India, financial institutions offer this credit at attractive interest rates. This article will offer a brief overview of all one needs to know about home loan top-ups and … Continue reading Everything to Know about Home Loan Top-Up

Unknown's avatarHome & Loans BlogLeave a comment
Loan Against Property

Factors Affecting Property Loan Repayment

A loan against property or property loan is one of the most feasible options that one can opt for at a time of financial crisis. As the property loan rates are economical, they are quite popular among borrowers. However, before deciding to opt for this loan, prospective applicants must be aware of the current property loan interest rates to make an informed decision. The property loan … Continue reading Factors Affecting Property Loan Repayment

Unknown's avatarHome & Loans BlogLeave a comment
cibil score

How to Check Your CIBIL Score and Why You Should Do It Regularly

An individual’s CIBIL score is one of the first things that lenders check when a person applies for a loan. The CIBIL score is a three-digit number ranging from 300 to 900. This number is important as it reflects a person’s repayment capacity. A good credit score, i.e. anything in the range 750 to 900 indicates high creditworthiness and ability to repay loan money on … Continue reading How to Check Your CIBIL Score and Why You Should Do It Regularly

Unknown's avatarHome & Loans BlogLeave a comment
Loan Against Property

Loan Against Property Interest Rate: How to Calculate Your Monthly Payments

A loan against property, also referred to as a property loan, is a type of secured loan under which a borrower avails of a loan by pledging a residential or commercial property as collateral. Some lenders also accept land as collateral. Loans against property have become a popular financing option these days. Several different reasons work in the favour of these loans. To start with, … Continue reading Loan Against Property Interest Rate: How to Calculate Your Monthly Payments

Unknown's avatarHome & Loans BlogLeave a comment