Understand the Ways to Become Eligible for Pradhan Mantri Home Loan Scheme
Posted on July 15th, 2020
Pradhan Mantri Awas Yojana, or PMAY, was launched as an affordable housing scheme by the central government in June 2015. The aim is to build houses for the urban poor in India by March 2022 under the motto of ‘Housing for All’. It is based on a subsid...
Remember These Important Points Before Taking a Top-Up Loan
Posted on July 13th, 2020
Secured credits like home loans come with several borrower-friendly features and benefits, including the provision to avail a top-up loan. Top-up credits are offered over and above an individual’s existing home loan; financial institutions usually offe...
Powerful Guide to Avoid Getting Rejected for a Home Loan
Posted on July 9th, 2020
According to India Ratings, housing loans witnessed a year-on-year growth rate of 14% at the end of the 3rd quarter of the last financial year. It also pegged a quarter-on-quarter growth rate of 3.5%. Such growth comes at the backdrop of several govern...
Understand How Transfering Home Loan Balance Can Get You Extra Funds
Posted on July 6th, 2020
A home loan balance transfer is considered to be one of the most borrower-friendly facilities as it offers several benefits to an individual. From reduced interest rate and a shorter tenor to gaining additional funds, balance transfer has provided imme...
Availing a Home Loan With Low Interest Rates Is Easy in 2020. Know How!
Posted on July 2nd, 2020
Home loans are gaining grounds in the Indian loan market, considering the recent backdrop of increased demand for real estate properties. While government endeavors like the PMAY scheme aim to offer ‘housing for all’ by 2022, financial institutions als...
Worried About the Monthly Home Loan Installments? This Guide Is for You!
Posted on May 29th, 2020
Even with low-interest rates, home loan EMIs can be expensive owing to the high-value financing. Borrowers may find it difficult to pay the same, especially at times of emergencies.Few of the ways they can manage their loan EMIs effectively are as foll...
Home Loan Foreclosure: Best 3 Ways To Do So!
Posted on May 13th, 2020
Borrowers trying to clear their home loan repayments faster can follow any of these options discussed below according to their convenience.Part-prepayment: Financial institutions offering home loans usually allow their customers to pay a lump-sum amoun...
Do You Know How Your EMI for a Housing Loan Is Calculated? Know How!
Posted on May 5th, 2020
A borrower repays home loan amount that he or she has availed from a lender via equated monthly installments or EMI for a fixed repayment period. It consists of two components – principal and interest. The formula that is used by your home loan lender ...
Things to Notice in Tax Benefits on Home Loan
Posted on April 30th, 2020
The Indian real estate industry is growing at a fast pace. The price of housing is also increasing while keeping up with the industry. This has compelled a large number of home buyers to opt for home loans to purchase a residential property. In order t...
Housing Loan Eligibility: What It Means and How to Improve It.
Posted on April 30th, 2020
Potential borrowers should note home loan eligibility criteria to avoid facing rejection. Along with these eligibility factors, one must also focus on improving the chances for loan approval.
Applicants should be an Indian citizen.Age of an applicant d...
This blog is maintained by Anamika Verma who holds a strong experience in financial advising and is known for her in-depth knowledge topics such as loan, fund. house finance. She has written more than 1000 blogs and various tutorials on topics related to home loan, home improvement, home loan interest rate etc. She is also an author at The Finance Town.