Know About Home Loan Prepayement: RBI Rules & Charges
Posted on April 27th, 2020
The repayment tenor of home loans usually continues for a longer period compared to other forms of credits. A long tenor can lower the payalbe EMIs, but it also denotes more payable interest. To negate that, you can opt for a home loan part-prepayment ...
Do You the Benefits of Home Loan Switchover? Know Them Now!
Posted on April 27th, 2020
A home loan balance transfer allows borrowers to switch lenders. The process involves transferring the outstanding loan balance from the existing lender to a new one. Here are a few advantages why most borrowers opt for a housing loan balance transfer....
Handy Tips to Deal With Increase in Housing Loan Rates Like a Pro
Posted on April 13th, 2020
As a housing loan is mostly provided on floating rates, it can become a substantial burden in case the rates increase. However, borrowers can follow a few tips to reduce their rates and interest. To reduce the impact of rising home loan rate, follow th...
Everything You Need To Know About A Credit Card Insurance
Posted on April 8th, 2020
A 27% increase in credit card circulation paired with a boosted total transaction value on credit cards by about 30% from 2017-18 to 2018-19 brought in the need to purchase credit card insurance policies. It addressed an unprecedented rise in the numbe...
Thinking to Re-Finance Your Home Loan During Corona Outbreak? Read These Points.
Posted on April 8th, 2020
Along with keeping track of changing interest rates, borrowers are advised to note several other factors that are equally important when considering a home loan balance transfer. There are several points which you need to know about home loan balance t...
Follow These 3 Tips to Decrease Home Loan EMI
Posted on March 27th, 2020
The tenor and interest payable on a home loan determine the installments a borrower has to pay every month. Nonetheless, it is advised you use an EMI calculator for a house loan to assess the due interest and principal amount beforehand.
Here are is a...
4 Ways to Ensure Your Housing Loan Application Isn’t Rejected
Posted on March 27th, 2020
Financial institutions set a few housing loan eligibility criteria to avoid financial risk while lending. Applicants are only approved after they fulfil all these conditions.
Some other ways to ensure loan approval-
Good CIBIL scoreOne of the most i...
Work on These Factors to Get Your Home Loan Approved in Delhi
Posted on March 24th, 2020
Delhi is one of the largest commercial hubs and among the most populated regions in India. To help individuals with the required line of credit, most financial institutions offer home loan in Delhi at affordable interest rates.
How to receive approva...
Need a Home Loan in Jaipur? Take Care of These 5 Factors
Posted on March 11th, 2020
Potential borrowers of a home loan in Jaipur should keep a few crucial factors in mind to be able to choose the best offer for them. Additionally, keeping these factors listed below in mind also aids in when applying by making the whole process straigh...
Understand Tax Benefits on Home Loan Under Different Sections
Posted on February 28th, 2020
As per the Income Tax Act, 1961, every Indian borrower can avail home loan tax benefits of up to Rs.1.5 lakh annually on the principal amount repaid for their housing loan. It is vital that borrowers claim such exemptions and reduce their financial bur...
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.