In India, everyone dreams of becoming a homeowner. Homeownership is a goal that almost 70 to 80% of people strive for. Homes bring with them a sense of relief. One knows that even if life does not turn out as planned, one will always have a roof over their head and a place where their family can live peacefully. These days, homes can also help … Continue reading Unlocking Home Equity: The Basics of Loan Against Property
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
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
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
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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