4 Secret Tips to Improve Your Home Loan Eligibility
Posted on September 9th, 2019
When you apply for a housing loan, the first thing that you need to check is your lender’s home loan eligibility criteria.
Here are the top 4 tips to improve your housing loan eligibility to get your loan sanctioned hassle-free –
1. Clear any existin...
Importance of Interest Rate and EMIs While Applying a Housing Loan
Posted on September 9th, 2019
Interest rates and EMIs are two crucial factors that a borrower should consider while availing a housing loan. Interest rates can significantly affect the total cost associated with credit, while an EMI amount affects the financial burden on a borrower...
How the PMAY Scheme Will Help People to Get Home?
Posted on September 5th, 2019
The PMAY scheme is an affordable housing scheme that was introduced by the government in 2015. Under the Pradhan Mantri Awas Yojana scheme, there are plans to construct 22 million affordable houses before March 2022.
Additionally, individuals belongi...
Factors That Affect Your Home Loan Rates
Posted on September 2nd, 2019
Housing
loan interest rates
that are offered directly determined your home loan EMI amounts based
on the credit amount and chosen tenor. Some of the determining
factors of home loan interest rates are as follows –
MCLR
MCLR (Marginal Cost Based
Lendin...
Determine Your Home Eligibility with Online Calculator
Posted on September 2nd, 2019
A home loan is now the basic need of people when dreaming to own a beautiful home. With the increasing cost of living and prices of property, it is emerging hard for people to save such large money to purchase their dream home without availing the loan...
Important things to know about Pradhan Mantri Awas Yojana
Posted on August 29th, 2019
The Pradhan Mantri Awas Yojana came into effect on 25th June 2015, in an attempt to provide affordable housing to the urban and rural poor. The scheme offers subsidised home loans to the economically weaker sections, lower-income group and middle-incom...
Use EMI Calculator Before Finalising the Home Loan
Posted on August 26th, 2019
According to a report by TransUnion CIBIL, India saw a marginal rise in home loan defaults in the last 2 years. Thus, if you are planning to avail a home loan, you must ensure that you can pay it comfortably within tenure to avoid the risk of default.
...
Tips for Utilizing Income Tax Benefits on Home Loans to the Fullest
Posted on August 21st, 2019
Obtaining
a home loan is one of the most important consideration when buying a
house. This is because not only does it determine whether we will be
able to purchase the house or not, it will probably also be the
biggest loan we will take in our lifetim...
Understanding Stamp Duty Charges: Know How to Calculate It
Posted on August 19th, 2019
Stamp duty charges are a
one-time fee that you pay along with your application fee for a
residential property purchase. Also, it is the amount that you pay on
a sales deed or property document while you purchase a house. You can
make use of a stamp
dut...
Parameters to Check Before Transferring Your Housing Loan
Posted on August 16th, 2019
A home loan balance transfer
allows you to shift from your existing lender to a new lender
offering advances at a lower-interest rate. With a home loan balance
transfer, you can also enjoy top-up loan facilities to increase your
loan amount.
Given bel...
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.