Category: Home Loan

Home Loan

Eligibility Criteria to Avail Quick Loan Against Property

Loans against property are an excellent way of arranging money in case of an emergency. Under this type of loan, a borrower pledges their residential or commercial property as collateral in return for loan money. Though the risk involved for the lender is minimized by the collateral present, lenders are still strict about borrowers meeting their property loan eligibility requirements to reduce the chances of … Continue reading Eligibility Criteria to Avail Quick Loan Against Property

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Home Loan

Step-by-Step Guide to Apply for Housing Loan in India

These days, most homebuyers avail of a home loan to fund the purchase of their home. Even those who can afford the upfront cost prefer to take the home loan route, simply because housing loans allow borrowers to keep their savings safe for a rainy day and pay for their home in a convenient manner. Further, home loans are the cheapest of all loans — … Continue reading Step-by-Step Guide to Apply for Housing Loan in India

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Home Loan

Calculate EMIs and Avail of Benefits with a Home Loan Calculator

Those planning to avail of a home loan to fund the purchase of their home must mandatorily use a home loan EMI calculator to plan repayment as well as other things. A home loan calculator is an online tool that allows borrowers to calculate their EMIs for their desired loan amount. The basic home loan calculator requires borrowers to enter three different values: desired home … Continue reading Calculate EMIs and Avail of Benefits with a Home Loan Calculator

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Home Loan

How Does Interest Rate Affect your Home Loan?

The Reserve Bank of India was formed with the sole intention of helping the country build a stable financial system. One of the key functions of the Reserve Bank of India is that it helps maintain a stable economy as well as keep inflation under control. The RBI does so with the help of the Repo Rate. The Repo Rate is the rate at which … Continue reading How Does Interest Rate Affect your Home Loan?

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Home Loan

How to Keep a Perfect CIBIL Score for a Home Loan?

TransUnion CIBIL is the most popular credit rating agency in India and the credit score it assigns borrowers is known as the CIBIL score. The CIBIL score is a three-digit number between 300 and 900 that indicates a borrower’s creditworthiness and ability to repay their loan on time. The higher a borrower’s credit score, the better their ability to repay the loan money. Lenders consider … Continue reading How to Keep a Perfect CIBIL Score for a Home Loan?

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Home Loan

A Borrower’s Checklist for Choosing an Indian Housing Loan

These days, almost everyone who buys a home, avails of a home loan to fund their home purchase. Property prices have increased tremendously over the last few decades and it is now impossible for middle-class and middle-age people to buy a home solely with their savings. Home loans offer certain advantages too. They offer tax benefits that allow home loan borrowers to save a considerable … Continue reading A Borrower’s Checklist for Choosing an Indian Housing Loan

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home loan balance transfer

Points to Consider Before Transferring a Home Loan Balance

Home loan balance transfer refers to the process of transferring one’s home loan from one lender to another offering better loan terms and conditions, such as a lower interest rate, longer repayment tenor, better service, etc. You should go for home loan balance transfer as it is a useful facility, one must keep in mind certain things before opting for this facility. In this article, … Continue reading Points to Consider Before Transferring a Home Loan Balance

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Home Loan

Reduce your EMI Amount with these New 5 Ways

A home loan will allow you to buy your dream home without the stress of arranging money from other sources at a high interest rate or depleting all of your savings. Lenders are eager to provide home loans to qualified applicants at attractive interest rates, long term tenors, affordable EMIs, sizable sanctions, and the vast amounts of tax benefits of housing loans. The monthly instalments … Continue reading Reduce your EMI Amount with these New 5 Ways

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Calculator, Home Loan

Importance and Benefits of Home Loan Calculator

Ever-increasing real estate prices have made it impossible for people to buy their dream home without seeking external financial assistance and when it comes to monetary help, buyers only have two options. They can either borrow money from family and friends or they can loan it from a bank. These days, the majority of homebuyers take home loans to buy real estate, primarily because home … Continue reading Importance and Benefits of Home Loan Calculator

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