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Having a home is considered a synonym for prosperity and status in India, which is why a lot of people are keen on purchasing their own residential property as soon as possible. However, a home could mean differently for people. For some it could be a flat or an apartment, for some others it could…
Read More Top 5 Different Types Of Home Loans
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Photo Credit: Phil Hearing – https://unsplash.com Buying a house seems like a straightforward process. You find the right place and get a mortgage loan to make a purchase. However, in various regions, home prices are too low to apply for traditional home loans. This is where small-dollar mortgage loans come into the picture. Definition of…
Read More Take advantage of Small-Dollar Mortgage Loans to buy Low-Priced Homes
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Well, the Pandemic has been a blow to the financial and economical aspects of all the sectors. Home loans have seen a rise of 10% in customers. The benefits of a home loan are tempting enough to make a dream home this 2021. Home loans in 2021 are supposedly going to be beneficial with interest…
Read More How much loan can be extracted from your Salary?
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Photo Credit: Vecislavas Popa – https://www.pexels.com While buying a dream home can be physically and financially exhausting, maintaining it can be equally strenuous. To make your home look attractive, it is essential to remodel, renovate, and improve it with time. To refurbish and modernize as per your taste, you require funds. If you do not…
Read More Top Reasons to Get a Home Renovation Loan during This Festive Occasion
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A home is a quintessential financial security an individual can have. From securing the financial future of your children to being used as a security against loans, home can also provide you with an economic retreat. With rising real estate costs, owning a home is still a dream for many. Home loans can make it…
Read More Avail PMAY Subsidy on Your Home Loan
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Have you been planning to build your dream home for years? Constructing a home requires a significant amount of capital. Not everyone has such cash handy. Even if some people do, it might not be a wise option to use it all at once since no one can predict the future and might need the…
Read More Know More About Home Construction Loan and Its Benefits
Home Loan Insurance
During the final stage of getting a home loan, lending institutions will suggest you buy a home loan insurance plan. This is an insurance product that is meant to provide your family with financial support to repay the loan in case of unfortunate events. Therefore, in case of your untimely demise, disability or temporary job…
Read More Home Loan Insurance or Term Insurance: Which is Better to Protect your Home Loan?
Down Payment for Home Loan
You might have heard the phrase ‘dream home’. We all have it but very few of us can afford it! According to a census conducted in 2011, it was seen that 69% of urban families own a house. If you fall this percentage then be happy! Else you still have a long road ahead to…
Read More What To Do When You Don’t Have Money For Down Payment?
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On 7th August 2019, the Reserve Bank of India has cut down the repo rate from 5.75% to 5.4%. This was the fourth time that RBI reduced the repo rate this year. This cut down is intended to support the growth of the economy. This could also give a boost to PMAY, a scheme introduced…
Read More Will Home Loan Interest Rates go Down in Future? Down Payment for Home Loan
Buying a dream home usually makes it to the top of every individual’s priority list. However, with skyrocketing real estate prices in top cities and even small towns, buying a home becomes quite a pricy affair. Therefore, to assist middle-class buyers in fulfilling the distant dream, the NBFC and banks have introduced numerous home loan…
Read More Tips for Arranging Down Payment for Home Loan