boost your home loan eligibility

5 Tips to boost your home loan eligibility

With RBI's decision to keep the Repo rate unchanged interest rate on home loan continues to be lowest for almost a decade now. So here is the tips to boost your home loan eligibility and buy your dream home now. Home loan lenders consider multiple criteria while evaluating home loan applications. Your application may get rejected when you fail to meet those. But by knowing the back end process of home...

Channel Partners

Why to go with the Channel Partners?

What is channel partners? A channel partner can be defined as a company that partners with a manufacturer or vendor to market and sell the manufacturer’s/vendor’s products, services, or technologies. This is usually done through a co-branding relationship. Channel partners may be distributors, vendors, retailers, consultants, technology deployment consultancies, and other such organisations.The...

Home loan transfer: Factors to consider before shifting lenders

Banks and housing finance companies (HFCs) have been able to offer home loans at rates starting from 6.75-6.9 percent a year. Existing home loan borrowers servicing their home loans at much higher interest rates may consider home loan transfer to other lenders at lower interest rates and/or better service terms. However, the decision of existing home loan transfer to another lender has to be a...

Thinking about buying property in an auction?

Buying property in an auction can save you a lot because These are basically mortgaged properties of defaulters and the bank is auctioning them to recover the dues. When a bank auctions properties, it generally garners huge interest as these properties are believed to be auctioned at a lower price. Another advantage could be getting the property at a place where no new supply is likely to come in....

Understanding the Rights of Tenants and Landlords

What are your rights when you rent a house? What can a landlord do when faced with unruly tenants? Renting is a tricky task, one that leaves renters and landlords feeling equally frustrated many times. But a good understanding of the Model Tenancy Act (MTA) can help you know the rights of tenants and landlords well. Introduced in 2019 by the Ministry of Housing and Urban Affairs, the MTA aims to...

tax benefits

Better Tax Benefits for Property Investments 2020

Real estate continues to be one of the most preferred investment choices for securing and amplifying one’s monetary assets and tax benefits. In addition to generating regular cash flow, investing in a real estate property also opens the treasure chest of tax incentives on everything from apartments, villas, to vacant plots. Property investment is an excellent way to create residual income,...

Home Loan

4 Tips to Help You Close Your Home Loan Early

A home loan is a long haul obligation, considering the fact that its repayment might stretch up to 30 years. This loan helps you own a house along with availing tax benefits; however, it also impacts your present and future finances. Therefore, you should pay off the loan as soon as possible by carefully managing related factors like repayment tenure and monthly instalments. If you plan to foreclose...

Everything about property tax in Chennai – 2020

In Chennai, you can pay your property tax or ‘sotthu vari’ online and offline. The due date for payment of the tax is September 31 and March 31 every year. Read on, to know the process How to pay property tax online in Chennai Property tax is one of the major sources of income for the government. Every state government and corporation has the responsibility to decide these rates. In...

Home loan rates fall to below 7%. Five tips on how to reduce your EMI burden

This is the time one should consider switching his home loan to a PSU bank to avail of the benefits of lower home loan rate.  Home loan rates have fallen to as low as 6.7% as public sector banks have mostly passed on the repo rate cut announced by the Reserve Bank of India over the last four months. PSU banks including the State Bank of India are now charging between 6.7-7% interest rate on new...

How to arrange funds for the down payment for a house

How can a buyer, who does not have sufficient liquid money, arrange for the down payment to buy a house? We look at some of the options one can consider The Corona virus pandemic has forced many people who live on rent, to start considering a home purchase. Even in a post-COVID-19 world, remote working would become common in our professional lives, while being at home and maintaining distances...

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