The NDA government credits its Goods and Services Tax (GST), alongside demonetisation, as two of its most pathbreaking reforms. While opinion on these undoubtedly seminal measures is divided, there is little doubt that their implementation by the government has been nothing short of disastrous and they have yet to benefit the public in the manner […]
One major reform the government has brought into the unstructured and unregulated housing sector has been the Real Estate Regulatory Authority (RERA) Act that came into effect on 1 May 2017. The impact of RERA on individual home loan buyers has been very significant, as it has been with every other stakeholder in the realty […]
Do you think you do not need a life insurance. Here’s why you may want to rethink. Imagine you are the breadwinner in your family and suddenly you were to be taken away from them. Your income flow to the family will freeze. Would your savings be sufficient to take care of your family’s needs […]
Reserve Bank of India (RBI) has come out with guidelines asking Indian Banks to keep adequate capital to meet wide areas of risks, including those that can damage their reputation, as apart of Basel II norms. The guidelines issued on Supervisory Review Process (SRP) ask banks to make provision for risks relating to credit concentration, […]
The Reserve Bank of India (RBI) will conduct an annual review of the payment and settlement systems to ensure that customers receive timely, cheap and dependable service. The first review is proposed for the year-ended March 31, 2007. Business Standard reports that the review will be based on parameters like timeliness of customer service, cost […]
Buying a home of your own is the ultimate dream of everyone. Most of the people prefer going for buying an under construction property due to various reasons like ability to pay the down payment at one go. There are many who do not want to take the risk of default by the builder in […]
Any property which one buys can be bought in your single name or can be bought jointly with other persons. There are no restriction as to the number of persons who can become joint owner of a property to be purchased. The person with whom buy can buy property jointly can be your relatives or […]
With so many housing finance companies and bank competing with each other for the home loan pie, the home loan borrower is a pampered lot and is confused as to whom to approach to borrow money for buying the house. There are many factors which one needs to consider before one ticks on specific lender. […]
Any lender while granting any loan is interested in getting the money advanced back. While granting home loans, banks and housing finance companies evaluate your ability to repay the home loan on the basis of the income presently generated by you and the period for which the income will continue to flow. Generally banks grant […]
With home loan becoming very important part of the process of buying a house, one should know what are the important factors in determining whether you will get a home loan or not. This also helps you in finding out the overall amount of home loan you will get. The age and regular flow of […]