Home Loan

The journey to homeownership can seem like a maze, especially when it comes to meeting the eligibility criteria set by lenders. However, fear not! In this blog post, we'll delve into effective strategies that can boost your home loan eligibility, turning your dream home into a tangible reality. Home loan lenders consider multiple criteria while evaluating home loan applications. Your application may...

In the pursuit of owning a home, many people approach banks for assistance through home loans. These loans aid individuals fulfill their dream of becoming homeowners by providing the finances they need to purchase or construct a home. However, the options for obtaining a home loan aren't limited to traditional banks; non-banking financial companies (NBFCs) also play a significant part in providing...

If you dream of buying a home for a long time through home loan, you might have few questions thatwill not let you sleep. Which home loan repayment option is the best? Which bank or finance offers better service? or you may be struck with which bank first. If you are at the beginning stage read about Factors to consider before applying for a home loan. After finalizing the bank, to apply for a loan, a...

So you have finalized your home! So far so good… Finding the right Home Loan is the next thing in your mind. The interest rate on home loans is one of the primary concerns and deciding factors when finalizing a home loan. There has been a continuous reduction in interest rates by RBI to boost Real-estate sales. A small difference in the interest rates offered will make a huge difference for you...

Buying a home is a big decision or milestone in everyone's life. If you are ready to buy a property, here are the top 5 mistakes to avoid when taking a home loan. Housing loans are the best solution to fill the gap between our financial condition and the future security. Loan borrowers should be cautious in assessing their credit health, comparing the best offers, and negotiating the interest rates....

While taking a home loan the only factor that has an all-encompassing impact is the interest rates charged by banks. However, individual requirements differ and one-size-fits-all theory may not apply to all home buyers and home loan seekers. Here is what you should consider before taking a home loan when buying a property in India: Loan amount Generally, banks and financial institutions offer loans of...

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...

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...

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...