Understanding LTV and its Impact on Your Home Loan

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 […]

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A Detailed Guide on House Construction Loans

  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 […]

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4 Ways to Increase Home Loan Approval for Self Employed Professionals

  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 […]

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These 4 Things can Impact your Home Loan EMI

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 […]

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Section 80EEA Tax Benefit On Affordable Housing: How Much Can You Save?

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 […]

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