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Looking To Repay A Loan? Here Are Some Facts Worth Considering First

Banks & NBFCs go all out to woo potential borrowers. They advertise their interest rates, fees, and other charges to attract borrowers to their loan offerings. Borrowers too are constantly looking to avail credit for a number of reasons. Personal loans, credit cards, home loans, car loans, education loans, and many other loan products are available to borrowers to meet their financial needs.

2 weeks agoRead More
Six benefits of a top up home loan

Home loans are long term loans that extend up to 30 years. These loans are a great way to get cheap funding to own a home. A home loan also offers other additional benefits to the borrowers. One such facility is the top-up home loan.

2 weeks agoRead More
Should you pay off your home loan before investing for retirement?

This dilemma of paying off the loans or investing and saving for retirement has been a major cause of concern for the strata of people who are salaried in the economy. The salaried individual will avail of a loan and select an EMI that he can comfortably pay from his earnings.

2 months agoRead More
6 Factors That Affect Your Home Loan Eligibility

A Home Loan is a credit facility provided by banks and NBFCs to individuals wanting to buy a house or land, build a house on their plot, or for home renovation and maintenance needs.

4 months agoRead More
Should you Add a Co-Applicant to Your Home Loan?

A home loan application being rejected can cause many troubles, one of the major ones being the inability to achieve your dream of owning a home.

6 months agoRead More
10 Do’s & Don’ts While Applying for a Home Loan Online

Buying a home is a lifetime dream for many. A home is both a financial and emotional asset. It is a place we can call our own - a space where we can enjoy, relax and build a lifetime of memories with our family. It is also a worthy financial investment that we can leave as a legacy to our future generations.

8 months agoRead More
What is the Ideal Credit Score for a Home Loan in 2021?

In any home loan application, the lending bank checks the applicant’s credit score to determine his/her creditworthiness. The bank reaches out to credit bureaus to know the applicant’s credit score. While there is no minimum credit score for home loans in India, a score of 750 or above is considered ideal for easy home loan approvals.

10 months agoRead More
10 Smart Tips to Get Your Home Loan Approved Quickly

You’ve been searching for months, looking at property website after website, going on numerous site visits and finally, you have found the dream home for you and your family! Congrats! You've got just one more hurdle to cross before you settle in your dream home – getting the home loan approved.

10 months agoRead More
Taking A Joint Home Loan With Your Sibling? Evaluate the Pros and Cons First.

Home loans are a huge commitment with a substantial loan amount and a considerable interest rate. It can be very beneficial to take home loans jointly with your sibling, spouse or parents, as the loan responsibility is shared.

11 months agoRead More
Which Is The Best For A Home Loan – Bank or HFC?

New home buyers often get confused about whether they should apply for a loan from a housing finance company (HFC) or a bank. The liquidity crisis brought about by the Covid-19 pandemic has hit the non-banking finance companies (NBFCs) hard.

12 months agoRead More
Top 3 Benefits Of Taking A Joint Home Loan

A home is a lifetime investment for many in India. So, the buyer wants to ensure that the house they buy meets all their requirements - convenience, location, size, quality of materials used and more.

1 year agoRead More
Smart Ways For Home Loan Borrowers To Protect Themselves Against Interest Rate Hikes

A home loan is the only option for many of us to fund our dream home. Shopping for the best home loan in the market is a meticulous process. The current home loan market is very competitive and most banks offer similar interest rates.

1 year agoRead More
How To Calculate The Amortization Schedule Of Home Loans?

As consumers, we take different types of loans at different stages in life and for different needs. Whether it is a mortgage loan for buying a home, an auto loan for buying a vehicle, or a personal loan, most loans have two aspects in common

2 years agoRead More
Compound Interest Waiver Scheme: Understand The Benefits & Check If You’re Eligible For The Cashback

In a massive relief to individual and MSME borrowers, the Union Government has announced a waiver of the compound interest incurred by loans during the moratorium period from March to August.

2 years agoRead More
Top 7 Home Loan Repayment Options Available to Homeowners

Home loans are one of the biggest financial commitments made by an individual. Owning a house is a dream for most and this is why home loans are very popular in the loan market. With the availability of multiple home-loan providers in the market, today the borrower is the king.

2 years agoRead More
Why Refinancing Is A Bad Idea?

Home loan refinancing is not always the best idea, even when interest rates are low and friends and colleagues are talking about who fetched the lowest interest rate. Before you begin the long process of gathering pay stubs and bank statements, think about why you are refinancing.

2 years agoRead More
What is the credit score required for home loan refinancing?

Home loans are undoubtedly one of the biggest debts that individuals will pay in their lifetime. The size of an average home loan is 30 lakhs or more and extends for 10 to 30 years. Generally, home loans are repaid in the form of monthly EMIs.

2 years agoRead More
What is home refinancing?

Home refinancing is the process of replacing an existing home loan with a new loan. Normally, people refinance their home loan to reduce their monthly payments, lower their interest rate, or change their loan program from an adjustable-rate home loan to a fixed-rate home loan.

2 years agoRead More
10 Things to Know about Home Loan Refinance

Home loans are one of the biggest financial burdens for an individual in his/her life. It’s a long-term loan that ranges, on an average, from ten to thirty years. Besides the principal, a home loan EMI also includes the interest component.

2 years agoRead More
How to refinance a home mortgage with poor credit scores?

One frequent question among home loan borrowers is, "Can I refinance my home loan with bad credit?" The short answer is – of course, you can, but it may be difficult. For the long explanation on how to refinance a home mortgage when your credit scores are not that good, continue reading below.

2 years agoRead More
Are home loan interest rates likely to reduce in 2020?

On 27th March 2020, the Reserve Bank of India reduced the repo rate by 75 bps (basis points) as a measure to protect the economy from the ravaging impacts of the Coronavirus lockdown.

2 years agoRead More

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