Buying a piece of land and building their first home is the biggest dream harboured by many Indians. So, when Prabhat told his mother that he was buying a plot of land, she was proud of him, something she did not show when he invested in the flat.
Marriage changes an individual’s life in many ways, bringing a lot of joy, additional responsibilities and worries in small measures as we try to adjust to the new person in our lives. After marriage, both of you might be working or either one of you. This will determine your income source and as for expenses,… Read More »
When Nikhil moved to Chennai for beginning his new work life, he decided to ditch the standard homes and considered purchasing a contemporary penthouse. The rapidly increasing net-worth, enhanced aspirations and the desire of enjoying an affluent lifestyle have played a major role in increasing the number of individuals who invest in these ultra-modern high… Read More »
People looking towards purchasing a new property, which is “free from encumbrances”, may be puzzled to find certain restrictive covenants in the contractual documents, which necessitate a careful approach from their end. They could also find themselves at risk of becoming the owner of a land, which may be subjected to a variety of charges,… Read More »
Victor has taken a home loan of around 25 lakhs. He is regularly paying the EMI. Despite interest rate increases and rising inflation, Victor never defaulted. His savings reduced drastically because of increase in EMI. On top of that he had paid off a lump sum amount of Rs.5L as part of his prepayment to… Read More »
Does it make sense to reduce one burden by taking on another? This is the first question that would be top of mind when faced with the question of whether to refinance an existing home loan. Given the fact that a home loan is the biggest reason for cash outflow in most Indian households, this… Read More »
The home loan agreement is usually a 50 page document that most borrowers do not have the patience to study in detail. However all such agreements have a few tricky clauses that protect the lending institution and may compromise the interest of the borrower! Thus one needs to be aware of these clauses and the… Read More »
When it comes to real estate, Indians believe it to be the most rational, safe and secure class of assets. However, owing to the escalating realty prices in almost every city, investing in it has become costly, challenging and risky affair. Considering the situation, several people yearning to have their own home, are forced to… Read More »
Neeraj, a middle class sales and marketing professional based in Pune, purchased a decent abode in a metropolitan by securing a home loan worth Rs. 24 Lakhs from a leading financier. Divided into easy monthly installments, Neeraj was reducing his liability quite comfortably. Being able to increase his bank balance to Rs.8 Lakh, Neeraj found… Read More »
For Amit, owning a house was one of the fundamental necessities of life. For making his dream come true, he decided to go for a reliable home loan being offered by a popular bank in India. Due to the persistent hard work that Amit had put in, he was finally able to get a home… Read More »