Rajeev Chockalingam is currently working in Mumbai and hopes to retire in a farm house near his hometown, Coimbatore, a tier II city after the next 10 years. However, he wants to ensure he has enough funds to support this retirement and also make his retirement dream come true, without having to resort to debts… Read More »
Home buyers are always looking for the best home they can buy with the resources and time available with them. Now, more than ever, real estate prices are subdued and buyers are again active in the market. Buying a home is the most exciting and at the same time, tedious task for people. While the… Read More »
When you apply for a loan, banks judge your ability to repay the loan on numerous counts including your age, income, job stability and your credit report, which is a reflection of your true credit worth. You need to understand why this is the case so that you prepare yourself to submit a good application… Read More »
Try and pay the down payment from your own money, savings or by liquidating some assets. Opting for a personal loan can be a costly affair, as interest rates are very high. If you don’t have enough savings or assets to pay up the money, then its wise to wait and build assets and savings… Read More »
Home construction loans are used to finance for the construction of newly acquired home or if you are planning to build a home. But, with so many home construction loans available in the Indian market you should decide the best one that would suit you the most and is favorable to you.
Predicting interest rates is not easy, unless you are an analyst. If you are looking at taking a home loan, understanding the movements of interest rates is even more critical, since you would want to decide whether to take the loan at fixed rate of interest or floating. Hybrid home loan takes away this problem.… Read More »
What if I fail to repay my home loan? Will bank seize my property in case of default? Will I get a negative CIBIL report in case of a default by error? All borrowers and would be borrowers are confronted with these question in mind, as unintentional default by error or omission can happen to… Read More »
A key deciding factor will be to gauge the borrower’s financial capability to pay off the loan. You also need to evaluate objectively whether the borrower can honour such a commitment and not leave you to face the lone battle of paying up their dues in case of a default. If you are confident on… Read More »
She had always wanted to pay off her debt and did not want to depend on volatile market conditions and wait ages before the property became her completely her own with no stake in it for the bank. Of course while she was paying her loan, she did not have to worry too much about… Read More »
Buying a house or even renovating an existing one can cause a big financial strain for an average middle class citizen. Thanks to the growing popularity of home improvement loans; banks are offering users loans to take care of their home renovation work offering financial help along with tax deduction options. Home improvement includes renovation… Read More »