Home loan

Articles and Resources about Home loan

Home Loan: Tips to reduce interest rate burden

Tuesday, May 22nd, 2012

How many of us fret when thinking about the home loan amount we have to repay? Well, if we are clever enough, we can find lower home loan rates but we need to know the tactics of acquiring a lower home loan rates as getting a lower home loan rate is quite a challenging task. [...]

Benefits of a Top up Loan

Monday, April 30th, 2012

Most of us purchase various properties in India and own several other properties as well. This is the situation when our business is booming and we’re having a great profit. But what happens when our business declines and we are in a grave state to make ends meet? There are various examples wherein people have [...]

Know How to Calculate EMI (Equated Monthly Installments)

Monday, April 30th, 2012

Buying a home is a dream of every Indian. When a person takes loan from a bank to buy a house for certain tenure, in that case he has to pay EMI (Equated Monthly Installments). EMI is the term used for the monthly payment made by a borrower to the lender towards interest and principal [...]

RBIs New Credit Policy is Beneficial for Home Buyers

Sunday, April 29th, 2012

The RBI (Reserve Bank of India) which slashed its new credit policy after a gap of three years for 2012-2013 has benefited the home buyers to a greater extent followed by 13 hikes in the last year The policy states that the short term lending rate has been reduced to 8 pc from 0.50 pc, [...]

Home Loan Protection Plan to Protect Your Home Loan

Wednesday, April 25th, 2012

With the upsurge of the real estate sector and the purchase of properties in India, seeking a home loan has become a clichéd aspect. Your home loan comprises of one of the most imperative assets in your life, i.e. your home. You might have insured most of your assets like your property, automobiles, gadgets and [...]

Maximum Down Payment for Home Loan can Lower your Interest Burden

Tuesday, April 24th, 2012

Every one has a desire to own a dream home or property in India.  Pursuing a Home loan from a bank or any other financial institutions will increase your chances of owning a dream home or apartment in India. Home Loan down payment reduces the lender’s risk and normally range from 15 per cent to 20 per [...]

Tips to Acquire Home Loans in India for Affordable Housing

Wednesday, April 18th, 2012

If you’re seeking for a home loan to buy a property in India, you need to know the basic principles of the home loan offering and their fluctuating rates. Before acquiring a home loan, you need to consider factors like which type of loan you should go for? Which scheme will fit in your budget? [...]

Home Loan Rates Sinking Downwards

Monday, April 16th, 2012

Buying a property in India is the biggest investment for home buyers and the Reserve Bank of India may have cut policy where the bank or your lending company may reduce the EMI or the loan tenure. Since the last few weeks two leading banks in India have reduced the interest rates even without waiting for [...]

Union Budget 2012 Impact on Real Estate in India

Wednesday, March 28th, 2012

The much awaited budget of 2012-13 which was recently presented by the Honorable Finance Minister had no drastic changes for the Real Estate sector as compared to the previous year’s budget. As expected, the personal income tax slab has been hiked and 1% interest subvention scheme continues for an affordable housing in India. According to [...]