The home loan is the most common credit that is available and disbursed all over the country to millions of applicants. Most of the banks require similar documents for providing the home loans which are guided as per directives issued by the Reserve Bank of India. The approval of the loan depends hugely on the… Read More »
Home loan is a long term commitment often spanning over 2 decades and involves substantial amount money which the borrower takes and even more which he pays back in the long term. There are certain conditions under which the borrowers may want to prepay the home loan before end of the agreed term. There are… Read More »
In order to attract more and more customers the housing financiers come with several innovative schemes from time to time. One of such schemes which many borrowers are offered with is called the “No EMI till possession”. Though it might sound an extremely convenient option one needs to study a bit deeper to appreciate the… Read More »
The huge amount of loan that one obtains for acquiring a home for himself is a burden that shall stay for quite some time. With the increasing number of home loans being disbursed a new problem that is being faced at times is the question of who shall pay the home loan in case of… Read More »
At times one may get a call from the finance companies about having been approved of a loan even without applying. This is a situation when depending upon your credit rating the bank offers you a home loan which can be disbursed quickly on application for it. However it needs to be understood that pre… Read More »
There have been times, when there were many fluctuations in the home loan interest rates leading to additional EMI burden on the borrowers. In most cases the banks have extended the tenures in order to accommodate the borrowers the same EMI so as not add on to their monthly financial commitments. In many cases where… Read More »
During the last recession the entire global credit business witnessed a serious resource crunch which led to significant depreciation in the loan disbursal all over the world. The Indian home loan industry also saw a bit of slowdown. Thus in order to attract more and more customers post the global recession there have been numerous… Read More »
Personal loan is one of the easiest and quickest means of raising capital without too much of documentation required. But due to its very nature of being unsecured the interest rates on personal loans are the highest as compared to other forms of loans and credits. Thus one must dwell deeply on the circumstances… Read More »
Deciding the right repayment tenure is important a factor a factor as choosing the right rate of interest to suit your requirements. The repayment tenure in a home loan is a critical factor since the long period involved will substantially increase the total cost of the property being bought with the loan. The fluctuations in… Read More »
Personal loans are being availed today by thousands of earning professionals to meet various requirements in their lives. The ease and simplicity associated with the personal loan along with no restrictions on the end usage makes it extremely popular option to raise funds when there is an urgent need. There are many doubts in the… Read More »