Tag: Home Loan

Home Loan

Home Loan NOC: Everything You Need to Know for a Smooth Transition

NOC refers to the No Objection Certificate. This important legal document is also sometimes referred to as a No Dues Certificate. It’s a document that states that the home loan borrower has paid all home loan EMIs as well as successfully repaid both the interest and the principal component of their home loan and therefore, they are now the rightful owner of the property against … Continue reading Home Loan NOC: Everything You Need to Know for a Smooth Transition

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cibil score

Achieve Optimal CIBIL Score for Loan Approval

Those planning to apply for a loan must make sure they have a CIBIL score of 750 or above. Such a CIBIL score indicates high repayment capacity and creditworthiness and therefore, leads to quick loan approval. It also allows borrowers to have high negotiating power and ask for better terms and conditions on their loans. If your CIBIL score is below 750, here are a … Continue reading Achieve Optimal CIBIL Score for Loan Approval

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Home Loan

Essential Documents Required for a Smooth Home Loan Application

Over the last few years, the demand for home loans has increased significantly. This is primarily because home loans allow borrowers to buy a home and pay for it slowly and conveniently over a loan tenor that works best for them. Home loans also offer home loan tax benefits and borrowers can avail of these benefits to save money each financial year. Further, home loans … Continue reading Essential Documents Required for a Smooth Home Loan Application

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Home Loan

Statutory Liquidity Ratio (SLR): A Crucial Metric for Financial Stability

The Reserve Bank of India governs all commercial banks and lenders within the country and as per one of the RBI guidelines, all banks and commercial lenders operating within the country must maintain a certain portion of their time and demand deposits in the form of liquid assets before they can start lending out money to borrowers. Lenders must maintain this deposit within their vaults. … Continue reading Statutory Liquidity Ratio (SLR): A Crucial Metric for Financial Stability

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Home Loan

Determine Your Borrowing Potential with Home Loan Eligibility

Home loans are a long-term commitment. These loans go on for years and therefore, one must be extra cautious while availing themselves of home loans. The tenor for home loans extends between 15 to 30 years. Further, since home loans involve a substantial amount of money, borrowers must borrow carefully and after taking into account their income and repayment potential. All lenders offer online handy … Continue reading Determine Your Borrowing Potential with Home Loan Eligibility

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Home Loan

Ready to Settle? The Ultimate Guide to Taking a Home Loan

If you are planning to avail yourself of a home loan, here is a handy guide on things you should know and remember.  1. Most people do not know that home loans are a type of secured financing. The property one buys with the home loan availed of serves as collateral. In case of loan default, the lender can sell the pledged property and recover … Continue reading Ready to Settle? The Ultimate Guide to Taking a Home Loan

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Home Loan

Demystifying the Home Loan Process: A Step-by-Step Guide to Secure Your Dream Home

Home loans are a type of secured loan. These loans are secured by the residential property that the borrower bought with the loan money. The home loan lender keeps the property papers with them until the borrower has repaid their loan in full. Once the home loan borrower has entirely repaid the principal amount along with interest, the lender removes the lien of hypothecation from … Continue reading Demystifying the Home Loan Process: A Step-by-Step Guide to Secure Your Dream Home

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cibil score

Crucial Minimum CIBIL Score for Home Loans: Get Approved with Confidence

Over the recent past, the demand for home loans has increased significantly. Home loans are a convenient way of buying a home today as they allow borrowers to afford their dream home and pay for it in a comfortable and hassle-free manner in the form of home loan EMIs spread over a tenor that works best for them. Unfortunately, the growing demand for home loans … Continue reading Crucial Minimum CIBIL Score for Home Loans: Get Approved with Confidence

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Income Tax

Unlocking Housing Loan Tax Benefits: Maximize Savings on Your Home

If you are planning to avail yourself of a home loan, familiarize yourself with the various home loan tax benefits available to borrowers as these benefits can help one save considerably on taxes. In this article, we discuss the various tax benefits available on home loans. So, read on. Home Loan Tax Deductions on the Principal Component of the Home Loan Borrowers repay their home … Continue reading Unlocking Housing Loan Tax Benefits: Maximize Savings on Your Home

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Home Loan

Everything to Know about Home Loan Top-Up

A home loan top-up is an added loan that borrowers can take on top of their existing home loan. It can be used for several purposes, like home renovation, consolidating high-interest debt, funding children’s education, etc. In India, financial institutions offer this credit at attractive interest rates. This article will offer a brief overview of all one needs to know about home loan top-ups and … Continue reading Everything to Know about Home Loan Top-Up

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