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home loan repayment

Choose the best option for your home loan repayment.

Which home loan repayment option suits you the best?

Financial institutions and banks offer a number of repayment schemes to suit the needs of different types of prospective borrowers.  This is primarily done with an intention to attract more borrowers and fence sitters. Some of such innovative repayment schemes are given below: Step-up Option:- This suits the “younger generation and new to employment”the most. […]

CommonFloor Editorial Team

Loan facts

Buying an under construction property? Here are some loan facts

Have you invested in an under-construction property and taken a loan amount for the investment? Well, here are few facts which you should know before investing in an under-construction property. Most of the under-construction properties estimate about 20 percent less when compared to the prevailing rates in the locality. While many prospective buyers are willing […]

Income tax benefit of a housing loan: Section 24

What is a home loan? A home loan or mortgage is nothing but the funding for a new home by any bank or a financial institution. Banks disburse loan to the home owner/loan seeker who meet the specified criteria. Basically a home loan is divided into two parts – the principle payment and the payment of interest. […]

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 […]

Maximum Down Payment for Home Loan can Lower your Interest Burden

Every one has a desire to own a home or property in India.  Pursuing a home loan from a bank or any other financial institution will increase your chances of owning a dream home or apartment in India. Home Loan down payment reduces the lender’s risk and normally range from 15 per cent to 20 per cent […]

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