What is margin money in home loans?
Margin money in home loans, is the amount that a borrower pays as down payment. While buying a property, the portion of the total cost that has to be financed from the buyers’ own … READ FULL STORY
Margin money in home loans, is the amount that a borrower pays as down payment. While buying a property, the portion of the total cost that has to be financed from the buyers’ own … READ FULL STORY
Under its Pradhan Mantri Awas Yojana, the central government has been offering PMAY subsidy to those building, constructing and buying homes in India. This guide will help you understand how the PMAY subsidy works … READ FULL STORY
To offers relief to borrowers in India in the backdrop of the Coronavirus pandemic, the Reserve Bank of India (RBI) offered a six-month moratorium on term loans and credit card payments in India in … READ FULL STORY
In addition to your basic KYC documents (like your proof of address and identity) and property documents (like chain of documents and title deeds of the land), the home loan lender asks you to … READ FULL STORY
PF withdrawal for house purchase Salaried people, who are in the middle of arranging funds for their future home purchase have an additional avenue to fund their plan. They can withdraw from the balance … READ FULL STORY
ICICI Bank home loans are one of the most popular borrowing options, because of the attractive ICICI home loan interest rate. In case you have also applied for ICICI home loan, you can check … READ FULL STORY
Where to find the HDFC PAN number for home loan? You can find the PAN number of your bank or financial institution in the home loan interest certificate. HDFC home loan PAN number … READ FULL STORY
If you are lucky enough to have a personal or family property in this day and age, you can avail of almost all types of credit financing tools by mortgaging your property. The value … READ FULL STORY
Applying for a loan is an easy way to finance a house purchase. Terms like ‘mortgage’ and ‘mortgagor’ are quite often used in the context of home loans. Mortgage is a common way to … READ FULL STORY
Your financial health is the biggest deciding factor, when investing in a property. In addition to the cost of the property, there are other fringe costs that you have to bear, including the stamp … READ FULL STORY
The ongoing economic turmoil caused by the novel Coronavirus pandemic in India has resulted in increased home loan EMI payments failure, forcing banks to resort to other recovery processes. One of these is the … READ FULL STORY
What is a subvention scheme? A subvention scheme is a tripartite agreement among the buyer, developer, and the bank providing a home loan for purchase of a unit in an under-construction project. Under this … READ FULL STORY
Banks offer plot loans that enable you to purchase a piece of land and construct a house of your choice. Just like availing any other loan, such as home loan,a borrower needs to decide … READ FULL STORY