Banks offer housing loans to prospective borrowers, based on their capability to repay the debt. Financial institutions ascertain the loan applicant’s creditworthiness by checking various data related to his/her financial history and the manner … READ FULL STORY
With the repo rate now at 4%, home loan interest rates are below the 7% level. However, you may not be eligible for this low interest rate. So, it is crucial for home loan … READ FULL STORY
To boost demand in the real estate and construction sector, which employs the largest number of people in India after agriculture, the Reserve Bank of India (RBI) has reduced its lending rate to 4% … READ FULL STORY
The Coronavirus pandemic and the series of lockdowns to contain its spread, have thrown the dreams of many home buyers into disarray. The government and the Reserve Bank of India (RBI) have announced … READ FULL STORY
A pre-approved loan is an instrument that is used by banks, to attract customers to avail of its facility without much hassle. Generally, there is a fair amount of uncertainty for home buyers, till … READ FULL STORY
If there is a failure in the home loan EMI payment, the bank may send you a legal notice and consider you as a loan defaulter. Recently, the government of India strengthened the laws … READ FULL STORY
Selecting the house of your choice may take its own time but you need to plan for the finances to fund the purchase, in advance. Obtain your credit report It is almost impossible … READ FULL STORY
It is important to do your homework well, before you apply for a home loan. There are many reasons due to which a loan application can be rejected by a bank. Also, you may … READ FULL STORY
Home loans have become an invaluable tool, for most people looking to buy a home. However, the process can turn into a nightmare, if the borrower commits certain mistakes while applying for the loan. … READ FULL STORY
With the increasing aspirations of the young generation, along with astronomical prices of houses, most home buyers today, seek to avail of home loans to fund their property purchase. However, there are various factors, … READ FULL STORY
There are various factors that determine whether you will get a home loan or not. Consequently, it is advisable to know your home loan eligibility in advance, so that you can plan the purchase … READ FULL STORY
Several banks are now offering aggressive home loan products, such as EMI waivers and interest rate discounts, with the aim of converting fence-sitters into home buyers. Among the various types of home loans, fixed … READ FULL STORY
Your credit history and credit score used to play a decisive role in determining whether you would get a home loan or not and it would stop there. You would get a home loan, … READ FULL STORY
