4 Tips to Help You Close Your Home Loan Early
Want to close your home loan early? Here 6 Smart ways To Close Your Home Loan Faster and Early.
Important Points to Consider Before Prepaying Your Home Loan
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…
Home Loans: Floating vs Fixed Interest Rates
Floating vs Fixed Interest Rates – Difference between floating and fixed home loan interest rates. Compare Floating and Fixed Interest Rates.
How to Avail Home Loan Subsidy Under Pradhan Mantri Awas Yojana?
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…
Tata Capital’s latest offering: Flexi EMI Loans
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.
Home Loan Insurance: Ways to Protect your Home Loan
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…
How is RLLR different from MCLR?
The Reserve Bank of India (RBI) had introduced Marginal Cost of funds based Lending Rate (MCLR) on April 1, 2016, to make up for the limitations of Base Rate, which was the lending rate benchmark at that time for all retail loans extended by commercial banks. However, the delay by banks in passing on the...
Housing Loan Terminology Decoded
If you are in the market, looking out for a home loan, you may be having a hard time understanding the complicated home loan terms—especially if you are new in the market. To help you make an informed decision with a clear mindset, here are some of the key terminologies associated with a home loan....
Stamp Duty on Gift Deed of the Property
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…
2 Minute Guide to Renting vs Buying a Property
Renting vs Buying: From an investment perspective, cost involved perspective and tax benefits. 2 Minute Guide to Renting vs Buying a Property.