Can Repo Linked Home Loans Impact Your Housing Loan EMIs?
Posted on February 28th, 2020
Repo rate is the rate at which the Reserve Bank of India (RBI) lends money to various financial institutions. Often, this rate is altered as RBI cuts down the repo rate or increases it by some basis points. The increase or decrease of repo rates as dec...
Factors That Counts in Basic Home Loan Eligibility Criteria
Posted on February 28th, 2020
Property prices are on the rise, along with the growing demand for residential spaces in urban and rural areas. In such cases, individuals are opting for home loans to avail necessary the funds necessary for the purchase. However, before applying for a...
Know all the Home Loan Documents Required
Posted on February 28th, 2020
Even though lenders have become lenient with their home loan approval application process, individuals still need to meet a few basic requirements to avail such a credit facility.
For example, they need to fulfil a few eligibility norms and submit a l...
How to Purchase and Recharge Paytm Fastag in India
Posted on February 21st, 2020
The government of India implemented the FASTag method to reduce traffic congestion at toll booths. Fastag is an RFID chip-enabled sticker that is affixed on the vehicle windscreen.
A FASTag lane will scan the FASTag sticker on the vehicle windscreen...
Steps to Get Your Home Loan Approved in Mumbai
Posted on February 17th, 2020
At present, home buyers in Mumbai pay 43.3% of their income as EMI in comparison to 42.6% in 2015. Migration due to professional needs has not put an end to availing a housing loan in Mumbai.
Nevertheless, to receive instant approval for home loan cer...
Understand How You Can Get Benefits on Your Top-up Loan on Housing Loan
Posted on February 5th, 2020
Top-up loans, availed over and above an existing home loan, also offer income tax benefits similar to the latter. These tax exemptions are restricted based on loan usage.
Underneath, different sections offering benefits like tax exemption on such a t...
Understand How the Home Loan Rate Is Chosen for You
Posted on January 27th, 2020
Numerous factors are taken into consideration by lenders when they decide the home loan interest rate for their borrowers. Typically, borrowers have the option to choose between fixed and floating interest rates for home loans. While the former does no...
Know the Procedure to Apply DDA Housing Scheme 2020
Posted on January 10th, 2020
The Delhi Development Authority’s housing plan of action for 2019 has on offer 18,000 flats. They have segmented these flats among the LIG, MIG, HIG and EWS categories. These properties are located in Vasant Kunj, Dwarka, Rohini, Narela and Sirsapur. A...
Understand How Your Home Loan Application Is Judged Based on Your Eligibility
Posted on December 26th, 2019
The Indian government has adopted extensive measures post the Budget 2019 to nudge the growth of real estate sector and housing credit. It has furthered Rs.70,000 crore to the financial institutions in India. Additionally, it has also empowered the Nat...
Everything That You Need to Know about RERA Punjab
Posted on December 19th, 2019
Although the real estate sector of Punjab is booming from the substantial investment of private builders, yet there were inconsistencies in this market. Thus, like most states in India, RERA Punjab was formed to promote transparency within its real est...
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.