Tag: personal-finance

Home Loan

Navigating the Home Loan Journey: Step-by-Step Process

Securing a home loan is a crucial milestone in the journey of homeownership. However, the process can be daunting, with numerous steps and requirements to fulfil. To ensure a smooth and successful experience, it is essential to understand the step-by-step procedure involved in applying for a home loan.  This comprehensive guide will help a borrower through each stage of the process of home loan, from … Continue reading Navigating the Home Loan Journey: Step-by-Step Process

Unknown's avatarHome & Loans BlogLeave a comment
Uncategorized

Navigating the Mortgage Loan Application Process with Ease

In India, mortgage loans are more popularly known as loans against property or property loans. Individuals who own property can pledge it as collateral or security and borrow funds against it. The interest rate on such loans is low for the risk for lenders is minimized by the presence of a high-value collateral. Further, borrowers have the flexibility to choose the loan tenor based on … Continue reading Navigating the Mortgage Loan Application Process with Ease

Unknown's avatarHome & Loans BlogLeave a comment
Home Loan

In a Few Steps, Determine Your Eligibility for a Home Loan

These days, it is impossible to buy a home without taking a home loan. Property prices have increased drastically over the last few years and it is impossible for people to buy a house solely with their savings. Further, people are also growing more and more comfortable with the concept on loans. Most people have multiple loans and do not find it difficult to repay … Continue reading In a Few Steps, Determine Your Eligibility for a Home Loan

Unknown's avatarHome & Loans BlogLeave a comment
Home Loan

Ensuring a Smooth Home Loan Verification Process: Key Steps to Follow

Home loans are big-ticket loans. The ticket size can range from a few lakhs to a few crores. In other words, home loans involve a hefty amount and therefore, lenders sanction them very carefully. Loan applications from only those individuals meet with approval who meet all the home loan eligibility criteria. Further, lenders release the final loan sanction letter and the loan agreement only after … Continue reading Ensuring a Smooth Home Loan Verification Process: Key Steps to Follow

Unknown's avatarHome & Loans BlogLeave a comment
cibil score

Understanding CIBIL Score Ranges: A Comprehensive Guide

CRIF Highmark, Experian, Equifax and TransUnion CIBIL are four credit information agencies recognized by the Reserve Bank of India. These agencies collect information from banks, financial institutions and commercial lenders on credit users and use this information to ascertain their creditworthiness and repayment capacity. Based on their judgement, they assign each credit user a credit score, a number between 300 and 900 that is indicative … Continue reading Understanding CIBIL Score Ranges: A Comprehensive Guide

Unknown's avatarHome & Loans BlogLeave a comment
Loan Against Property

Unlocking Home Equity: The Basics of Loan Against Property

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

Unknown's avatarHome & Loans BlogLeave a comment
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?

Unknown's avatarHome & Loans BlogLeave a comment