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.
cibil score

7 Easy Steps to Check Your CIBIL Score Online: A Complete Guide

For your financial security, it’s critical to keep a strong credit score. Lenders frequently use your credit score, which represents your creditworthiness, to determine if you qualify for loans or credit cards. Credit Information agency (India) Limited, a leading credit agency in India, provides credit scores to people. To keep track of your financial situation, it is easy, quick, and vital to check your CIBIL … Continue reading 7 Easy Steps to Check Your CIBIL Score Online: A Complete Guide

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Income Tax

Exploring the Benefits of Home Loans in Income Tax

Purchasing a home is a significant milestone for many individuals in India, and to achieve this, home loans have become a popular choice. While the advantages of financing a home purchase are well-known, the potential tax benefits linked to home loans often go unnoticed. In this article, we will explore the tax benefits provided by home loans in India, shedding light on their positive impact … Continue reading Exploring the Benefits of Home Loans in Income Tax

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Income Tax

Income Tax Benefits on Joint Home Loans: Latest Updates

Numerous individuals and families in India appreciate the goal of possessing a residence. However, due to rising real estate costs, owning a home frequently demands financial assistance in the form of a home loan. To encourage and enable homeownership, the Indian government provides a variety of tax incentives geared specifically for home loans. These incentives are intended to encourage individuals and families to pursue their … Continue reading Income Tax Benefits on Joint Home Loans: Latest Updates

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Income Tax

Requirements for Claiming Tax Benefits for Joint Home Loan

Home loans are big-ticket loans. Therefore, borrowers must be extra careful when availing of these loans. They should borrow only what their income allows them to comfortably repay. Further, they must also make sure they meet their lender’s home loan eligibility requirements. Sometimes, borrowers want to borrow a home loan amount higher than what their income makes them eligible for. Similarly, sometimes, some borrowers have … Continue reading Requirements for Claiming Tax Benefits for Joint Home Loan

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Income Tax

Section 80EE of the Income Tax Act: A Boon for First-Time Home Buyers

Purchasing a house is a cherished aspiration for numerous individuals, yet it poses its own set of difficulties, including the financial burden it carries. Fortunately, the Indian government has implemented various programs and provisions to aid homebuyers in alleviating their financial burden, and one such provision is Section 80EE of the Income Tax Act and income tax slabs.  Introduction to Section 80EE The Indian government … Continue reading Section 80EE of the Income Tax Act: A Boon for First-Time Home Buyers

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Loan Against Property

Balance Transfer of Loan Against Property

Looking for a balance transfer of your existing loan against property to save on the interest? Well, it is easy and possible! But what is a loan against property balance transfer? A loan against property balance transfer is a process where a borrower can transfer his existing outstanding principle loan amount to another financial institute/ bank/lender to avail better features. The most advantageous feature is … Continue reading Balance Transfer of Loan Against Property

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Loan Against Property

Loan Against Property: Features & Benefits

As the name suggests, a loan against property is a type of loan where a borrower can leverage his commercial, residential, or immovable property to acquire funds in lieu of it. A loan against property is a secure loan and the funds availed here can be used for any type of financial emergency, be it for business, personal or medical purposes. This credit tool is … Continue reading Loan Against Property: Features & Benefits

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Loan Against Property

Quick Ways to Enhance your Loan Against Property Eligibility

If you are facing a cash crunch and are wondering what to do, it is time to relax! The good news is that now you can leverage your existing commercial, residential, or immovable property to avail of a loan against it easily. It is quite easy to get a loan against property, provided you meet all the requirements and the eligibility criteria. Since these are … Continue reading Quick Ways to Enhance your Loan Against Property Eligibility

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Loan Against Property

Pros & Cons of a Balance Transfer of Loan Against Property

A loan against property is a great way to finance sudden lump sum expenditures when you do not have the funds to do so, but own a property that can be leveraged to get the funds. Here any property, be it residential or commercial, can be pledged to avail loan against it. The borrower’s loan eligibility, CIBIL score, and property conditions are some key points … Continue reading Pros & Cons of a Balance Transfer of Loan Against Property

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Home Loan

Tips to Understand Property Loan Interest Rates

Facing an urgent need for funds, but don’t know what to do? Well, it is simple! There are several credit tools available in the market today, but which to choose among them is the decision that will affect your financial future. A property loan is such a tool that allows you to borrow lumpsum funds at reasonable interest rates for a longer loan tenor. The … Continue reading Tips to Understand Property Loan Interest Rates

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