Debt creates stress and frustration in life. It is wise to clear off your debts as soon as possible. If you are not able to clear your debts on time, debt consolidation can be a rational choice. Debt Consolidation translates to taking a lump sum amount as a single loan to clear off your multiple […]
5 Reasons Why You Should Avail Instant Home Loan Top-up A Home loan top-up loan is an addition to your existing loan taken for construction and renovation purposes. The amount can be used for purchasing furniture, renovation, extension, or construction of your residential property. It is availed by those who have already taken a home […]
Some financial terminologies are often misunderstood by most people. The terms Loan Closure and Loan Settlement are used interchangeably; however, the meanings are entirely different. When the lender closes the loan after receiving the complete instalments, it is known as loan closure. Whereas, when a borrower exposes his inability to pay the loan amount to […]
Rent payment is a fixed expense in your monthly budget and one that must be done on priority. You may defer other unnecessary or avoidable spends but paying rent cannot be skipped. If you are facing an insufficiency of funds, then rent payment can become challenging. One of the most popular trends these days for […]
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 […]