Earlier getting a home a loan was easier as the lending companies or banks were competing with each other to attract maximum borrowers through attractive schemes and offering teaser home loan. But now Reserve Bank of India (RBI) announced a series of monetary measures that tightened the norms for home loans. The RBI also sought [...]
Property
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How To Avoid Rejection of Home Loan application
Tuesday, November 16th, 2010Selling Under-construction Property saves tax
Tuesday, November 16th, 2010If you are intending to sell the flat soon after taking possession, it is better to carry out the sale while the flat is still under construction. The Property is regarded as a capital asset and any gains arising from the sale of property is assessed under the head ‘Capital Gains’ as per the Income [...]
Home Loan Amortization For Periodic Payments
Thursday, July 8th, 2010Amortization is the process of clearing out your home loan by making periodic payments. Amortized loans are different from other loans due to the way the amount and the structure of each payment is determined. The word “Amortization” or amortisation comes from Middle English “amortisen”. This term means to deaden or kill, as in to [...]
