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home loan in india

Is having debt good for your credit score?

With the banking regulator insisting on fair and transparent lending practices, it is becoming mandatory for every lender to look at your credit score before it can decide whether you are eligible for a loan and at what interest rates should the loan be disbursed to you. Lenders access your Cibil report and score to […]

nikunj.j

Home loan Approval-In-Principle

Things you need to know about Home loan Approval-In-Principle

Not many people are aware that home loan denial can be avoided by checking for Home loan Approval-In-Principle. Mr Swapnil and his wife Meena spent more than six months finding their dream home. From short listing various projects to selecting the ideal location, the couple finally managed to reach a good price they deemed affordable […]

Tax Benefit on Home Loan & the Important Income Tax Act

Easy availability of home loans for various tenure periods has helped a large number of people in realizing their dream of owning a home. Apart from providing a flexible repayment approach for purchasing one’s home, home loans also help individual tax payers by offering various tax benefits. Let us look at various tax benefits offered […]

Offset balance home loans offer a twofold advantage for the home loan borrower

Offset balance home loan saves the borrower from parting with large sums of money in case of a loan prepayment. Home loan is a popular financial instrument that has made it possible for people with all financial back grounds to purchase their dream home. While home loan offers a wonderful opportunity to buy a home […]

Essential documents required while applying for a home loan

You see an advertisement of a beautiful lake view villa with all luxurious amenities and wish to own it; the price also looks ideal. As you feel it is the right abode for you and your family, the next step would be to approach a bank for a home loan. However, there are certain documents that are […]

CommonFloor Editorial Team

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