Home Loan vs Loan against Property
Home Loan vs Loan against Property – what is the difference between mortgage loan & home loan? How Loan against property or mortgage loan differ from home loan?
Top 10 Banks & HFCs for Home Loan Balance Transfer
Top 10 Banks offering best Home Loan Transfer Rates – Best Home Loan Transfer Offers in India, Compare home loan transfer rates of all banks.
Credit Linked Subsidy Scheme (CLSS)
In June 2015, under Pradhan Mantri Awas Yojana (PMAY), Ministry of Housing and Urban Poverty Alleviation (MoHUPA) introduced Credit Linked Subsidy Scheme (CLSS) for individuals to own their dream home. CLSS is an interest subsidy scheme under PMAY that is given to people for home construction, purchase, extension and improvement. It is one of the components...
Why Banks Are Tightening The Rules Around Home Loan Overdraft?
Recently, the news about banks holding back on new home loan overdraft accounts has been floating in the market. Banks that are not completely closing this product are looking forward to tightening the regulations around it such as ceiling the money in overdraft account. So why is this happening? Why are banks shying away from...
HOW TO BUILD YOUR DREAM HOME – A STEP BY STEP FINANCIAL GUIDE
Buying a home is a once in a lifetime decision and one of the biggest dreams in life for many of us. Every individual has a desire of buying a home of his own. It is one of the most important financial decisions for any individual as it involves a lot of planning, execution and...
How is Housing For All by 2022 mission boosting the Housing Sector?
How is Housing For All by 2022 mission boosting the Housing Sector? Check the benefits and Impact of housing for all scheme launched under Pradhan Mantri Awas Yojna (PMAY) and the mission to achieve Housing For All by 2022.
Ways to plan your Home Loan Down Payment
Whenever you borrow a home loan, lenders such as banks and Non-Banking Financial Companies (NBFCs) usually shell-out 80% of your property’s worth as a loan amount. The remaining 20% of the property value is to be paid by you. This 20% amount is called your Down Payment. For example, you are buying a property […]
Are you Eligible to get a Home Loan Subsidy?
Are you Eligible to get home loan subsidy? The announcement of the central government’s ‘Housing For All by 2022’ initiative came clubbed with the Pradhan Mantri Awas Yojna (PMAY) scheme focussed on the urban poor (Economically Weaker Sections (EWS), Lower Income Groups (LIG)) and later, also on the Middle Income Groups (MIG) of the society.
GST Regime: How will it impact property prices and home loan in India?
With the revolutionary ‘Goods & Services Tax’ or GST effective from July 1, 2017, most industries are waiting to see the impact it brings. One such industry is the real estate industry. While GST is expected to bring in more transparency in real estate, there is speculation whether it will ultimately lead to decrease in […]
5 Smart Ways to Pre-Pay Your Home Loan
Want to pre-pay your home loan? here is 5 Smart Ways to Pre-Pay Your Home Loan. Read more to know how to reduce home loan burden.