Loan-to-Value (LTV) Ratio is one of the factors, based on which a lender sanctions a home loan. Since LTV Ratio is also a one of the determinants of your home loan eligibility, it becomes important for you to understand what it is and how it affects you as a borrower. Read further to delve deep…
Want to close your home loan early? Here 6 Smart ways To Close Your Home Loan Faster and Early.
We, Indians, are averse to debt. Therefore, whenever we have surplus funds, we use it to prepay our loans. However, a home loan should not be seen under the same lens as other lending products such as car loan and personal loan. Unlike other loan products, home loan offers a number of benefits, which might…
Floating vs Fixed Interest Rates – Difference between floating and fixed home loan interest rates. Compare Floating and Fixed Interest Rates.
Pradhan Mantri Awas Yojna (PMAY) – Credit Linked Subsidy Scheme (CLSS) is a government scheme launched with an aim to make buying home easier for: Economically Weaker Section (EWS) Low Income Group (LIG) Middle-Income Group 1 (MIG-I) Middle-Income Group 2 (MIG-II) The scheme offers subsidized home loan interest rates based on your household income. The…
With an intention to strengthen its image as a people’s company, Tata Group has unveiled a new series of structured loans: Flexi EMI Loans. The Group has introduced these structured loans under its financial services arm, Tata Capital.
हिंदी में पढ़ें There is always a fear in borrower’s mind that if something unexpected happens to him/her in near future, who will repay the balance home loan amount. Consumer will not want that the burden of getting home loan to fall on family after his/her untimely demise. Life is unpredictable; this thought becomes recurrent in…
There are various ways to transfer property rights to another person, namely sale, will or gift. While sale deed and will deed transfer methods are popular and widely known in the industry, the gift deed method is a less familiar term for people. A gift deed transfer method is followed when a property owner voluntarily…
