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Home loan

home loan

What happens when a borrower delays the loan repayment?

Each time a bank or a financial institution lends the money, it expects the money to be returned. This is the same policy amongst each and every bank and a lender. However, in most cases when a person does not repay the loan amount even after the due date, every bank adopts necessary measures in […]

home loan

Reasons why banks reject a loan

Loans are the initial way givers for any type of investment. They are available in various packages and with innumerable options. However, if a person wants to seek a loan, there are few requirements and procedures which should be followed by him. Most of us are unaware about the critical reasons where a bank rejects […]

Reverse Mortgage: A new concept in Indian real estate

What is reverse mortgage? A reverse mortgage is opposite of a home loan and is available to the senior citizens. In home loan or any typical mortgage, one borrows money and then pays it back over a period in the form of Equated Monthly Installments (EMIs). While in reverse mortgage, the owner of the house […]

Tips: Home Loan Transfer

A home loan plays an important role in making your dream of owning a home come true. Home Loan amount varies from person to person depending on the repayment capacity, age and income, dependents and so on. The loan is available to those who are eligible for a contract such as any person who is […]

Home loan borrowers should track repo rate movements

 Any home loan borrower should keep a track of the fluctuations in repo rates. In the past few months the Reserve Bank of India (RBI) has reduced the repo rates which have further decreased the interest on home loans. With the repo rates being lowered the cost of funds for banks is reduced which eventually drops […]

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