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
Obtaining a home loan can be a substantial financial commitment, and selecting the appropriate loan is crucial, as it can significantly impact an individual’s finances in the long run. Among the various factors that one should consider when applying for a home loan, the interest rate holds utmost importance. The interest rate determines the cost of borrowing, which directly impacts the monthly EMI (Equated Monthly … Continue reading Comparing Home Loan Interest Rates: Tips to Get the Best Deal
A home loan is a secured loan that individuals can acquire from banks or financial institutions to finance the purchase or construction of a house. The loan is secured against the property being purchased, which serves as collateral, and the borrower is required to repay the loan amount in EMIs (Equated Monthly Installments) over a specific period, typically ranging from 25 to 30 years. Due … Continue reading Everything You Need to Know About Home Loan Interest Rates and Eligibility
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?
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
Those planning to buy a home must avail of a home loan to fund their purchase. Home loans allow borrowers to keep their savings safe for a rainy day and still be able to afford the home of their dream. Further, home loans come with home loan tax benefits that allow borrowers to save a lot of money over the tenor of the loan. The … Continue reading Important Factors Impacting Interest Rate of Home Loan
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