Home Buyers

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...

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...

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...

The first step while considering the purchase of a property, the buyer has to ensure that the legal title of the property is clear – Encumbrance certificate says whether there is any lien/charge on the property, or if there are other owners / claimants to the property other than the seller, if the property has been mortgaged or if there is any existing housing loan against the property or if the...

Nothing can match the joy of buying a Home! We all take months to finalize a property, and then invest our hard earned money and lifetime savings in buying a Home.But that’s not where your Home buying journey ends. Most of us are unaware of the post purchase paperwork that we would need to complete.Managing the countless legal paperwork which one requires to do for buying a Home is an extremely lengthy...

Purchasing home can be an expensive affair for the family as it is the ultimate aspiration for most of the Indians. Most people consider real estate to be an important investment and are willing to spend extra to acquire a quality real estate property. Real estate in India is, in fact, the biggest investment that an average person takes up and, in most cases, it takes the higher scale of the expenditure....

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...

When searching for a property, you are likely to come across several new residential projects in Chennai. So, how do you decide which one is the best for you? Well, there are some key factors you need to consider in order to select the right property. The right choice will also depend on your specific needs and preferences. To make things easier for you, here are 10 ways to select the right choice from...