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 […]
The current Coronavirus pandemic has shaken up the Indian realty sector. Although the situation is gradually improving and retail sales have started to clock in, homebuyers are in a different kind of dilemma. Does choosing a ready-to-move property have distinct advantages over an under-construction one? Let us cut to the chase and give you the […]
A home loan is a pretty big commitment for everyone that takes away a chunk of your monthly earnings for a long period of time. If an opportunity comes up where you can save on your loan repayment, it makes perfect sense to save grab it. The answer lies in Home Loan Refinance. Basically, refinancing […]
From being a rarity, Smart Homes have become pretty common in the Indian real estate market. Numerous residential products in the country now boast of amenities that can regulate all the appliances with a single remote. For instance, smart plugs can regulate lighting and set timers for water geysers. You can manage everything by using […]
The Pradhan Mantri Awas Yojana (PMAY) is one of the most prominent initiatives taken by the Government of India to ensure ‘Housing for All’. The scheme is a social welfare program launched in 2015. It aims to make housing affordable to economically weaker sections and the middle and low-income groups. The beneficiaries under this scheme […]
The Coronavirus pandemic has been declared to be a global health crisis. It has had significant impacts on the economy of the country and the real estate market is also bearing a massive blow. However, the market experts are of the opinion that this can prove to be a positive time for homebuyers who can […]