With the increased prevalence of nuclear family and rapid urbanisation, the demand for housing has been growing significantly. Easier availability of home loan in the last three decades has made it possible to buy a house even by a person at the start of his career. With increased fear of bad loans to corporate many […]
The highpoint of the 12-point charter that Prime Minister Narendra Modi unveiled on 2 November as a Diwali gift to the Micro, Small and Medium Enterprises (MSME) sector was undoubtedly the announcement of the availability of loans up to Rs 1 crore within just 59 minutes of filing an online application. Billed as a “transformative […]
It was a dark September for India’s financial markets when they quaked under the debt repayment defaults by Mumbai-headquartered Infrastructure Leasing & Financial Services Limited (IL&FS) and there were fears that the housing finance sector would be convulsed by a resultant liquidity crunch. The ominous Rs91,000 crore ($12.8 billion) bankruptcy of the country’s leading infrastructure […]
Buying a home is one of the biggest dreams of life. However, due to the spiralling real estate costs, you might not have the necessary funds at your disposal to make the full down payment while buying your dream home. Naturally, you will look for home loans to finance your dream home. Today, there are […]
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 […]
With the people buying their home even before getting married becoming a trend it is inevitable for you to take a home loan as the likelihood of you accumulated savings be sufficient enough to pay for the house is almost impossible. The amount of home loan which you are eligible is dependent on two factors. […]