Rising real estate values and tax benefits attached, attract most of the home buyers to a housing loan. With reduction in interest rates and a slowdown in the real estate prices, many are planning for a housing loan. The Lender will insist on certain documents before releasing the housing loan. But what are the documents […]
Ajay was dreaming of moving to his new flat in Navi Mumbai during this Diwali, as promised by his builder 2 years back. But the situation is such that he has to wait for atleast 1 more year for the flat to be ready for occupation. He was happy in booking this flat at the
Avoid under construction property, if it is for self occupation Read More »
Top up home loans for emergency Pankaj was suffering from the burden of the increase in the interest rate of his existing home loan for the last 1 year. Last month, he was forced to spend close to 5 lakhs to treat his sick father, for the treatment related to some heart ailment. He managed
Home loan transfer Nikhil is in a dilemma! He is having an outstanding loan of 25 Lakhs from a PSU bank and the current interest rate is 12%. But SBI is now offering loans in the range of 10.25 -10.40%. His bank has not offered a similar rate so far. Nikhil is seriously thinking of
Switching Home Loan to SBI may not be a good option Read More »
Most of us are either having a home loan or are planning for one to purchase that dream home. This article is an attempt to demystify the basic home loan terms. Eligibility for home loan The amount of loan is decided mainly based on the value of the property and your repayment capacity. The lender
How a government bank can do like this? This was the comment by Gokul, when I discussed about his home loan. He is a home loan customer of a PSU bank which offered 8.25% fixed interest for the first 3 years. The loan was 25 lakhs for 20 years with an EMI of Rs.21, 302/-.
Will you repay 76 Lakhs for a home loan of 25 Lakhs? Read More »
In the current situation of the real estate market, it is very difficult to buy a house or flat without a housing loan especially in Metros and Mini Metros. It is a good loan because you are building an asset with the loan and getting income tax benefits also. But you must be careful in
