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?
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?
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?
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