cibil score

Securing Your Future: The CIBIL Score for Home Loan Approval

Homeownership is one of the top life goals for the majority of Indians. A home is not just an asset that is sure to bring great returns in the future but it also brings along with itself a sense of stability and security. Further, over the last few years, with demand exceeding supply, landlords have become quite unpredictable. They increase rent as and when they … Continue reading Securing Your Future: The CIBIL Score for Home Loan Approval

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Home Loan

How Prime Lending Rate (PLR) Impacts Your Home Loan Interest Rates

You are planning to buy a home. You have done your research, decided the lender you wish to avail yourself of a home loan from and saved enough to easily be able to clear the down payment. You now approach your preferred lender and are surprised to learn that they plan to charge you a home loan interest rate much higher than you imagined. You … Continue reading How Prime Lending Rate (PLR) Impacts Your Home Loan Interest Rates

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Loan Against Property

Property Loan Eligibility: A Comprehensive Guide for Homebuyers

Loans against property are a type of secured loan. These are loans that people avail themselves of by pledging a residential or commercial property or land as security. Since the loan is backed by collateral, which the lender can sell for the recovery of the loan money in case of a loan default, the risk for lenders is quite low in the case of these … Continue reading Property Loan Eligibility: A Comprehensive Guide for Homebuyers

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Loan Against Property

Choosing a Property Loan Tenor: Your Path to Financial Freedom

Loans against property, also commonly known as property loans, are a type of loan offering that home loan borrowers avail of against a property they own. This property could be residential or commercial. The LTV ratio for these loans can go up to 70% of the pledged property’s current value. Private lenders generally sanction a higher loan amount than public banks. Thus, loans against property … Continue reading Choosing a Property Loan Tenor: Your Path to Financial Freedom

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home loan balance transfer

Should you Choose a Home Loan Balance Transfer to Maximise your Savings?

Home loan balance transfer refers to a facility through which the existing balance of a home loan can be transferred to another lender offering a lower interest rate. This can effectively reduce the overall monthly repayments and total payable interest. However, it is not so simple. There are several things to consider before the borrower chooses a loan transfer. This article aims to shed light … Continue reading Should you Choose a Home Loan Balance Transfer to Maximise your Savings?

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Loan Against Property

Navigating the Mortgage Loan Application Process with Ease

Mortgage loans are loans availed of against collateral. Outside of India, both home loans and loans against property come under the broader category of property loans. However, within India, the term mortgage loans is synonymous with property loans. Several factors have contributed to the popularity of these loans, such as low-interest rates, high loan sanctions, long tenor and zero end-use restrictions. Individuals who own a … Continue reading Navigating the Mortgage Loan Application Process with Ease

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Loan Against Property

Leverage Your Assets: How to Apply for a Loan Against Property

Are you worried about your child’s higher education abroad? Or perhaps in need of urgent funds to kickstart your startup company? Then a loan against property (also known as property loans or mortgage loans) could be your best bet! The process to apply for loan against property is simple. However, for first-time borrowers, the whole application and documentation process may be a bit confusing. This … Continue reading Leverage Your Assets: How to Apply for a Loan Against Property

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Home Loan

Stay Informed: Today’s Repo Rate and Its Impact on Loans

Repo rate is the rate at which the Reserve Bank of India lends credit to all commercial banks against their treasury bills. The Monetary Policy Committee decides the rate every two months. The repo rate today stands at 6.50% after an increase of 25 basis points from 6.25% on June 8, 2023. The RBI repo rate and the rate of interest charged on various loans offered by … Continue reading Stay Informed: Today’s Repo Rate and Its Impact on Loans

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home-loans
Home Loan

NBFC vs. Banks: Unraveling the Key Differences

When it comes to investment, savings, or borrowing of funds, the two major financial institutions people look up to are banks and Non-Banking Financial Company (NBFCs). Both institutions are involved with the loan business and the acquisition of stocks/shares/bonds/securities/debentures issued by the Government of India. However, a comparison between the two reveals major differences in their features. This article explores NBFC and bank difference, so … Continue reading NBFC vs. Banks: Unraveling the Key Differences

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cibil score

A Comprehensive Guide to Checking Your CIBIL Score Using Your PAN Card

The CIBIL Score is a three-digit number between 300 and 900 that all lenders check before approving a loan application from a borrower. They check the CIBIL score as it gives borrowers an idea about the loan applicant’s creditworthiness and repayment capacity. The CIBIL history is calculated based on five factors: repayment history, credit utilization ratio, age of credit history, credit mix and dependency on … Continue reading A Comprehensive Guide to Checking Your CIBIL Score Using Your PAN Card

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