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Home loan

Defaulting home loan affects to guarantor credit history

Scorecard: Your Home loan eligibility depends on your credit scorecard

Banks consider your scorecard or track record data from the credit bureau before granting you a home loan. Seeking a loan has become quite a precise task as there are few mandatory aspects to be considered while planning to seek a loan. Before granting a loan, the bank does a thorough check on all the […]

Cost of Changing

Home Loan: Tips to reduce interest rate burden

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, especially as getting a lower home loan rate is quite a challenging task. There […]

Allow Intra-Bank Account Portability- RBI

Now it’s easier for people who migrate from one place to other to transfer their bank account to any state. If you are a migrant and would like to shift your account to another bank, the RBI just made it easy for you. Last week, the RBI (Reserve Bank of India) made it mandatory that […]

Benefits of a Top up Loan

Some of us purchase and own a number of  properties in India. 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 purchased posh properties years ago […]

Know How to Calculate EMI (Equated Monthly Installments)

When a person takes loan from a bank to buy a house for a fixed tenure, 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 money borrowed. EMI amount depends on the following factors: Amount of Loan:  […]

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