Home loan borrowers come across several criteria given by lenders such as credit score, Form 16, property documents, etc. Another parameter known as Loan to Value is an important ratio used in mortgage lending by financial institutions, banks, housing companies, and non-banking finance companies to assess the risk in lending. LTV is the amount […]
Countries across the globe have been battling the COVID-19 pandemic over the last 7-8 months. The Coronavirus has had a huge impact on the economies of many countries including India. To negate the effects, the Government of India has come up with a financial measure called ‘Atmanirbhar Bharat’. The major objective of this plan is […]
Do you feel that you are paying high interest and charges for your home loan? Do you feel that your monthly EMI on your home loan is turning out to be a burden for you? It is very important that you go through the status of your current loans frequently. Whenever you feel that the […]
House Construction loans are quite different from home loans in several ways. The rules associated with home construction loans before and after the loan approval as well as the associated tax benefits are quite complicated and can offer a good amount of surprise for the loan applicant. The following guide will offer you certain […]
A home loan is most likely the biggest investment that an individual undertakes in their life. As such, it’s important to know the different ways in which you can make the loan repayment easier by making sure you’ve got the lowest interest possible. If you’re getting a home loan, then you have two options. You […]
It’s a common notion that self-employed individuals often find it difficult to get a home loan approved. However, it is so not true. Financial lenders have well-defined requirements and norms and while offering housing loans to self-employed individuals. These eligibility criteria must be met by applicants to avail the loan. The eligibility criteria vary from […]
Repaying a home loan is one of the biggest commitments an individual can make financially. This is largely due to the huge loan amount involved and a very long repayment tenure period. The EMI payments, in addition to other financial expenses, can drain anyone financially and significantly impact one’s lifestyle. Moreover, there are various factors like […]
Owning a house takes a lot of effort and commitment, which is not just restricted to the financial aspect. You zero in on a property, apply for a home loan, prepare the documentation and carry out the transactions. One of the last major hurdles in the homebuying process is to get your property registered. Through […]
Availing a Joint Home Loan can ease up your financial health at any point in time. We can all agree that taking a Home Loan can be the single biggest liability in the life of any individual. Thus applying for a Home Loan in itself requires a lot of consideration. There can be a scenario wherein […]
Section 80EEA governs the additional deduction of payment of interest over home loans and is subject to several conditions. The maximum tax deduction offered under this section is ₹1,50,000 and has been made available from the financial year 2019-20. Key Features of Section 80EEA Eligibility Criteria: The deduction under Section 80EEA is available only to individuals and not […]