Buying a home is life’s greatest joy. But realising this dream and making it a reality are not easy. You have to follow certain procedures carefully. These are not difficult but they require your time and attention. A major component of buying a house is getting a good Home Loan. The housing loan process starts with submitting the required Home Loan documents to your lender. You also have to get the necessary checks done and pay the required fees. Once your loan approval comes through,...
A home loan is an amount of money an individual borrows from a bank or financial institution to purchase or construct his dream home. A home loan is considered as a contract agreement between the moneylender and the borrower that allow the borrower to acquire some money to buy or construct their own home. However, before applying for the home loan, it is very important for a borrower to be aware of some very important home loan terms. Let’s discuss them one by one.
Owning a home is one of the significant achievements of an individual. A house is the most important resource in a person’s life, which you would need to shield from any mishappening. There is always a sense of fear in the home loan borrower’s mind i.e., if any unexpected incident happens in his life, then who will pay the remaining home loan amount. No borrower would want the pressure of home loan would fall on his/her family. Subsequently, it is suggested that the borrowers go...
Want to apply for a Home Loan, but don’t have much idea of the document required for Housing Loan, eligibility and many more unexpected factors? Let’s provide you a quick bite into the world of Housing Loans.
So, before we jump to the documents required for Home Loan part, won’t it be good if you know something about the Home Loan and things around it? Let’s go!
What is a Home Loan?
A Home Loan is money or the capital or wealth which a bank or a non-banking...
There's no better time than now for the prospective home-owners who have been looking to dabble in the real estate market. Regarded as the country's largest lender by assets, State Bank of India (SBI) has announced another steep rate cut following RBI’s fourth consecutive repo rate cut this year. For the uninitiated, the repo rate can be described as the interest rate at which the RBI lends money to commercial banks.
MCLR Cut – August With effect from 10th August 2019, SBI...
Today, getting a dream house is incomplete without getting a home loan. Thus, getting an ideal loan is as important as finding an ideal home for you and your family. In a competitive world, there are not less than 50 home loan lenders who are keen on giving home loans to people looking to buy a home seeking these groups. However, the big question that comes into the picture, whom (lender) should you choose for getting your home loan. After all, taking a home loan is announcing a long-term...
As a self-employed professional, you know how running and sustaining the business along with your life is a challenging task. Amidst all, when your responsibilities for managing both the aspects are different and sometimes even higher, as you are running a company and employees are depending on you. The longer the days, the tougher will be the work, but you make it happen because you love your business.
Another challenge for the self-employed professional is when you are trying to obtain a...
Loan Against Property Eligibility
Loan against property (LAP), is one of the alternatives of personal loan, that a customer can avail by keeping their property as mortgage with the loan lending bank or financial institution.
Banks provide loan against both commercial and residential property. Although such property is mortgaged to the loan lender, but the customer can still continue using it for residential or...
In the present day economy, a Personal Loan can easily be categorised as one of the most sought after credit types. This can be easily justified by some of the inherent benefits that a personalloan offers, which include-
Freedom of End-Use
Up to 5 Years of Repayment Tenure
Flexible Repayment Options
More often than not, in order to obtain a Personal Loan, you may be required to furnish the following...
A low rate of interest is the only factor that customers look for when finding a loan. Hence, financial institutions also compete with each other for offering attractive interest rates. You can avail loans under two categories – secured and unsecured. The interest rates of these are considerably different.
Unsecured or collateral-free loans don’t require the customer to pledge an asset with the lender. However, these loans come with considerably higher interest rates....
Your loans, credit card dues, and other existing debts can be a burden to your finances over a period of time if you aren’t able to make timely payments or make payments in full. On the other hand, even if you are clearing your dues on time and staying on track with EMI deadlines, nothing feels as good as getting debt-free completely does. To achieve this you must plan your finances effectively and combine it with resources such as loan against property in India. You can apply for this...
Unemployment is one of the biggest evils that our populous country has been grappling with. While the education system is progressing, there is still a large chunk of the population that is still sitting at home unemployed. As per the statistics reported by the Periodic Labor Force Survey, the unemployment rate was close to 5.3% in rural India and about 7.8% in urban India in 2017-18.
Herein it is good to know about certain government loan schemes which the unemployed youth...
Are you going to buy your dream home using a home loan facility from a leading bank and NBFC?
If yes, then you can now avoid all hassles of matching multiple formalities such as meeting your lenders and wasting your time.
Yes, it is possible when you apply for a housing finance on a home loan app of your preferred lender.
With a home loan app in action, you can enjoy many benefits right from applying to paying EMIs to making pre-payments to foreclosing a loan before the tenor and much more....
Are you dreaming of a new vehicle? Or perhaps you need extra money for your dream destination wedding or you planning for your long due vacation? A personal loan is a financial solution to meet all those desires or requirements. Quick disbursal of funds, minimum documentation, no collateral requirement, flexible repayment method and fast approvals make it an ideal financial solution.
A personal loan is an unsecured loan that can come handy during times of need. An unsecured loan is given...
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