Home Loans

When you don’t meet the lender’s eligibility requirements for a home loan and still apply for it, your loan application is likely to get rejected.

Lending institutions give up to 90% of the project cost as home renovation loans. These loans are obtained for repairs or expansion of an existing property. Because buying a home does not necessarily mean purchasing a new plot or a newly constructed house. You can go in for an already existing one.

When it comes to housing options, one of the biggest dilemmas many individuals face in India is whether to take a home loan and pay equated monthly installments (EMIs) or continue renting a property

Embarking on home improvement projects is an exciting endeavour for homeowners. However, financing these projects can often be a challenge. One ready solution for securing funds is through a home improvement loan.

Home loan EMI can form a substantial part of your monthly financial outflow. Home loans are generally the bigger loans and the EMI can go on for years. Let us understand how the home loan EMI burden can be reduced.

You can withdraw your Provident Fund amount to repay your home loan. You can withdraw up to 90% of the EPF amount to repay home loans. The Employees Provident fund can be withdrawn at the age of 55 years for retirement purposes.

CreditFit is a product launched by CreditMantri. You can enhance your credit score and get loans at best market interest rates using CreditFit. We have a team of experts who will give valuable tips for these. Let us now read on to find out more about how to get a loan and the role of CreditFit in getting a loan.

SBI home loan provisional interest certificate can be downloaded from SBI bank’s official website. The certificate can be viewed, printed, and downloaded in a pdf format.

Personal loans for salaried people are mainly dependent on their income and expense factors. Most banks mostly require a minimum monthly income of Rs. 20,000 to approve a personal loan for salaried people.

Home loans for salaried employees are offered by many Indian banks and financial institutions. If you work for a good company and have a stable income, it should not be difficult to get a home loan approved.

Loans are a great way to obtain cash to pay for anything, be it your wedding, vacation, medical emergencies, education, etc. But, loans have a great impact on your credit score. If you make timely payments on your loans, then it will have a positive impact on your credit score.

Consider a scenario where you borrowed a home loan to buy your dream house. You are aware of the repayment schedules and also plan your finances accordingly. You will be paying the EMIs at the decided interest rates.

Buying a home is a major life decision and needs a lot of financial planning. Even a small error in availing a home loan can spoil your dream of owning a house and also disrupt your budget. Home loans are long-term borrowings and are generally a big sum.

Home loans are a long-term commitment, so you should have full clarity on the terms and conditions of the loan before you apply. This will enable you to better understand whether the loan is right for you, and will help you save time and money when you apply.

Probably, the person who aspires to build a new house would have planned for months before applying for a home loan. Priorly planning, doing a lot of legwork, and research helps to avail of housing loans at the best deal from leading lenders in the market. As part of the home loan planning process, the EMI calculation is a must to find the interest rate of your home loan.

Banks & NBFCs go all out to woo potential borrowers. They advertise their interest rates, fees, and other charges to attract borrowers to their loan offerings. Borrowers too are constantly looking to avail credit for a number of reasons. Personal loans, credit cards, home loans, car loans, education loans, and many other loan products are available to borrowers to meet their financial needs.

Home loans are long term loans that extend up to 30 years. These loans are a great way to get cheap funding to own a home. A home loan also offers other additional benefits to the borrowers. One such facility is the top-up home loan.

This dilemma of paying off the loans or investing and saving for retirement has been a major cause of concern for the strata of people who are salaried in the economy. The salaried individual will avail of a loan and select an EMI that he can comfortably pay from his earnings.

Are you planning to take a home loan to buy your dream home? The most important things you need to consider before taking a home loan are the equated monthly instalments and the interest payable.

A Home Loan is a credit facility provided by banks and NBFCs to individuals wanting to buy a house or land, build a house on their plot, or for home renovation and maintenance needs.

A home loan application being rejected can cause many troubles, one of the major ones being the inability to achieve your dream of owning a home.