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Home loan

Karnataka Govt Plans to Pay Interest-Free Home Loan

Bengaluru: The Karnataka Govt plans to revisit existing affordable housing schemes that offer subsidies on home loans and replace them with interest-free home loans. This is part of the government’s mission to support PM Modi’s ‘Housing for All‘ scheme. The government plans to build 19 lakh houses in 30 months. If everything goes as per […]

Prahalad Singh

FinMin asks RBI to consider one-time recast of developer’s Loan

In an effort to relieve the inactive realty sector, Modi govt is looking at yet another way to revive it. And it is true. The real estate sector plays a key role in the country’s economy, without which the economy can’t bounce back. That is the reason the Prime Minister’s Office and the Finance Ministry […]

Prahalad Singh

Govt Launched CLSS-Awas Portal For Tracking PMAY Application

About Credit-linked Subsidy Services Awas Portal (CLAP): On 25th November 2019, the Union Govt launched the Credit-linked Subsidy Services Awas Portal (CLAP) under Pradhan Mantri Awas Yojana-Housing for All (Urban). Now, people seeking to avail housing subsidy under the PMAY (U) will be able to track the status of their applications. At the launch of the […]

Prahalad Singh

Find a Home Based on your Salary

Owning a home is a dream nurtured by almost every individual. However, in the home buying journey, selecting a budget is the most herculean task. Thus, in order to solve this problem, CommonFloor has tried to analyse ‘how much worth house you can afford’ based on the salary you draw on an annual basis and […]

Yadunandan Batchu

Six Reasons Why Your Home Loan Application Can be Rejected

Majority of us do not take our loan application seriously, especially if we are salaried employees with a decent monthly income. However, lenders today are extremely cautious and a stringent procedure is followed by all banks before a loan is approved and credit is disbursed by them, thanks to a 320.50 per cent increase in […]

karthik.k

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