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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.

4 weeks 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.

2 months 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.

3 months 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

8 months 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.

9 months 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.

11 months 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.

1 year 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.

1 year 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.

1 year 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.

1 year 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.

1 year 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.

1 year agoRead More
How is home refinance interest rate fixed in India?

A large number of existing home loan borrowers in India switch their ongoing loans to new lenders to enjoy a reduction in interest rates and consequently, lowering on the home loan EMIs.

1 year agoRead More
What is a home loan refinance calculator & how to use it?

Refinancing a home loan could help you lower the interest rates, thereby reducing your EMIs and overall loan burden. But, ultimately the decision whether you should opt for a home loan transfer is a personal decision.

1 year agoRead More
What Is a Loan Origination Fee? How to pay less on Home Loan?

While buying a home, it is easy to notice that there are many forms of costs that become a part of the entire process.

1 year agoRead More
The Impact of Debt-to-Income Ratio on Home Mortgages

You have a stable income, pay your credit card bills and loan EMIs on time, and boast a good enough credit score.

1 year agoRead More
Secured vs. Unsecured Lines of Credit

A line of credit (LOC) is an open-ended loan which can have multiple uses. It is a kind of revolving loan that is somewhat similar to a credit card.

1 year agoRead More
What is Debt-to-Income Ratio and how does it Impact your Home Loan Eligibility?

You are looking to purchase your dream home. After rounds of selection, you have finally found the ideal place that ticks all the requirements of your dream home.

1 year agoRead More
Home Loans Vs. Home Construction Loans: Which should you choose?

Home Loans Vs. Home Construction Loans: Which should you choose?

2 years agoRead More
Mortgage Loans VS Home Equity Loans

One can be faced with the need for emergency funds at any time. That is what asset management is for. Your assets are your fallback plan in case of emergency. In India house property is an important part of asset management. It is for such emergencies that elders always insist on acquiring a housing property.

2 years agoRead More
The Best Home Improvement Loan

The home is where the heart is! This statement holds true and that is why everyone likes to own a beautiful home, with the best fittings and interiors, etc. Many a time it so happens that while going in for home individuals like to be on the conservative end due to the exorbitant cost of owning a home that they do not factor in the cost for the home beautification.  The need for beautification or improving a home may also come up a few years down the line, after the purchase of the house.

2 years agoRead More

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