If you thought that only people who earn fat salaries and are financially secure, are the ones who are eligible to a loan by financial institutions, then its time you change your perspective. Although it is true that, just by presenting their bank account statement, they will be entitled to hassle free loan availing process,… Read More »
Under the scheme, loan amounts up to Rs 30 lakh would be offered at 9.9 per cent, loans between Rs 30-lakh-Rs 75 lakh at 10.35 per cent and loans of Rs 75-lakh-Rs 1.5-crore can be availed at 10.75 per cent. This scheme provides an option to customers to convert to a fixed rate scheme for… Read More »
Well, it is obvious that, for a great holiday you need deep pockets that can cover up all your expenses that your family is bound to make. But have you thought how handy can a loan come in this kind of a situation? So, this vacation you have thought about a foreign holiday. Greece, Paris… Read More »
With vacations and festivities in the corner, it is generally observed in this period, that there is a sudden surge in the real estate market. Not only from the buyers’ share in the entire property market, there is a good demand for lenders and developers. If you are one of the buyers then make sure… Read More »
This is what any prudent loaner will do. If you want to enjoy lower interest rates on your home loan during the course of your home loan tenure, do not change your lender. Ravi(39) had borrowed a home loan in the year 2005 which was at 5%, now with the inflation, and rising prices, the… Read More »
With the global economic recession, and the resistance of the Indian economy to withstand the global pressure, The realty sector of our country faced a short slowdown in 2008-09. But with the increase in the consumers’ confidence and lower interest rates which the banks provided at that time, the demand for properties began to surge.… Read More »
This is generally in the case of home loan. Let us understand as to how it functions. If you have borrowed a home loan, you will begin to pay your Equated Monthly Installments (EMIs) right after the entire loan amount has been disbursed to you by the bank. The amount of your EMIs depends on… Read More »
Myth 1: Interest rate hikes will lead to higher EMIs Most borrowers are in the belief that with the rise in interest rates, they will be forced to pay out higher EMIs. This is not true. That is just one such option, where you can increase your loan tenor keeping the EMI at the same… Read More »
In 2004, Chennai-based Dr. Raghunath, took a home loan of `7.28 lakh from a private sector bank at 7.5%, even as other nationalized banks were offering higher rates. Today, the same bank is charging him 14.75%. More importantly, the loan that should have been repaid by the time he retires eight years from now has… Read More »
National Housing Bank (NHB) has increased provisions on standard assets from 0.1% to 0.4% on retail home loans given by housing finance companies. The reasons for NHBs move are significant. In the light of increasing inflationary pressure leading to high property prices and increase in interest rates, the demand of borrowers for a home loan… Read More »