Are you approaching your bank for a home loan smartly? Or are you like a needy person waiting for their help and mercy? In the previous decade many used to queue up at the desks of bank managers for their mercy to get home loans approved, and were satisfied with whatever they offer. But things… Read More »
Do you think buying a house is easy now with lots of options available? If so, you are wrong. Buying a property can be one of the most stressful activities of a life time due to the many factors that you have to be careful about while zeroing down the best one. A smooth house… Read More »
As a home loan is a long term loan, it can sometimes be a bumpy financial ride. The reason can be a high interest rate of your bank, unpleasant experience with the bank, or any other. Luckily home loans can be refinanced any time as per the preferences of the customers. Let us look at… Read More »
Applying for a home loan may seem to be a good idea if you are looking forward to buy the home of your dreams. You have all the qualities that make you a favourable home loan applicant such as good credit history and strong professional background, still to your utter surprise, your application gets rejected. Don’t… Read More »
When you apply for a home loan after you are 45, you will not enjoy the maximum tenure benefit as in the case of other borrowers. Assume you decide to apply for the loan when you are 45, and your retirement age is 60 years, then the maximum tenure the bank may be willing to… Read More »
EMI Calculation You need to know the loan amount, processing fee and the interest rate of your car loan, home loan or personal loan. If you plan to prepay your loan, then figure out the exact or approximate amount you intend to prepay and the periodicity of such payments depending on your loan agreement. Use… Read More »
As property values are sky rocketing in the metros and other Tier 2 cities of the country, taking a home loan has become a Hobson’s choice for most buyers. Banks advance 80%-85% of the property value in the form of a home loan, depending on the borrower’s individual borrowing eligibility. As in the case of… Read More »
Borrowing a loan requires careful planning and analysis. When you take a home loan, this becomes all the more important, since the commitment is for a long term. You may end up paying more or getting inefficient service if you choose the wrong scheme or bank for your home loan. There are many mistakes committed… Read More »
