Despite the growing popularity of home loans as the most convenient and financially smart way to get a dream house for your family there are many aspects which most of the borrowers never discuss with their bankers while taking the loan. Even the bankers do not disclose several hidden elements of the loan in fear… Read More »
Many times people looking to buy a home find their eligibility amount just a shade lower than what is required to get them their dream home. In order to help out such people in realizing their dreams the HFCs have come up with an innovative idea of fixing eligibility amount higher than as per conventional… Read More »
The home loan is a long term commitment that involves a fairly large amount of money. At times people who take a home loan may find the amount insufficient to complete the acquisition or construction of the house at a later stage. It is then that the top u0p home loan comes handy. This particular… Read More »
The popularity of used cars has increased significantly over the past few years and has in fact exceeded the number of new cars being bought every year. Since the car is an ever depreciating asset many people find it financially sound to go for a used one rather than invest in a new one. In… Read More »
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 »