The CIBIL score is important as it affects a person’s ability to avail of a loan easily as well as the terms and conditions on which they are offered the loan. The CIBIL score is a three-digit number between 750 and 900 that reflects a person’s creditworthiness and repayment capacity. The CIBIL score tells a lender how difficult or easy it will be for a … Continue reading How Your CIBIL Score Can Affect Your Home Loan Interest Rate
Loans against property or property loans are a popular financing option in India. Property loans are secured by a property – residential or commercial – and hence, are secured in nature. Therefore, lenders offer these loans at nominal interest rates. Further, property loans come with zero end-use restrictions. Borrowers can use the funds availed of under these loans to take care of both personal and … Continue reading Apply for a Loan Against Property Online: A Step-by-Step Guide
The CIBIL score is a three-digit number between 300 and 900 that plays a decisive role in an individual getting approved or rejected for a loan. An excellent CIBIL score, i.e. anything in the range of 750 to 900 guarantees quick home loan approval. Further, such a CIBIL score also allows individuals to negotiate for a low home loan interest rate as well as other … Continue reading 5 Tips for Improving Your CIBIL Score Before Applying for a Home Loan
Whether you are buying a property or are planning to avail yourself of a loan against a property you already own, it is crucial that you know the exact area of your property in a unit that both you and your lender clearly understand. Around the world, different units are used for land measurement. The three most common land measurement units in the Western world … Continue reading Area Conversion Calculator: How to Calculate the Square Footage of Your Property
Home loans offer several tax benefits. Unfortunately, not many home loan borrowers are aware of these benefits even when an individual can claim several tax deductions and save a considerable amount in taxes each year. In this article, we look at home loan tax benefits available to home loan borrowers. 1. Home Loan Tax Benefits Discussed Under Section 80C Under Section 80C of the Income … Continue reading Home Loan Tax Benefits: How to Save Money on Your Taxes with a Home Loan
Loans against property have become quite popular these days. Several different reasons are responsible for the growing popularity of these loans. To start with, loans against property are secured loans and therefore, attract a low rate of interest. The low rate of interest on these loans helps keep EMIs affordable and the total interest payout on the lower side. Further, loans against property funds come … Continue reading Loan Against Property Balance Transfer: How to Save Money on Your Interest Payments
Home loans are a type of secured financing. In the case of these types of loans, a borrower avails of a loan against the property they plan to buy with the loan money. Home loans allow borrowers to realize their dream of becoming a homeowner without feeling financially burdened. One pays off these loans in the form of EMIs. Each EMI consists of a principal … Continue reading The Ultimate Guide to Home Loans and Your CIBIL Score
Loans have become essential in India, supporting people’s financial needs like buying homes, funding education, starting businesses, and managing unexpected expenses. This article provides valuable insights into the different types of loans in India. By understanding these loan options, readers can make well-informed decisions about their borrowing requirements. Personal Loans Personal loans rank among the most favored loan options in India, offering borrowers the advantage … Continue reading New Information on Different Types of Loans in India
Owning a property and leveraging it to get funds can be a boon during any financial emergency. Be it a residential, commercial, or any immovable property, it can be pledged to avail loan against it. As this is a secure type of loan, it is easy to avail and carries a lower rate of interest than other credit tools. Having a longer loan repayment tenor … Continue reading Latest Loan Against Property Eligibility Criteria
As a Chartered Accountant (CA), your CIBIL score is vital for assessing your creditworthiness. It reflects your responsible credit behavior and significantly impacts your ability to obtain loans and enjoy various financial advantages. A higher CIBIL score enhances your chances of accessing favorable loan terms and other financial opportunities. Maintaining a Healthy Credit Utilization Ratio To exhibit responsible credit management as a CA, it is … Continue reading Ways to Raise Your CIBIL Score for Chartered Accountants
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