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 […]
Taking a home loan is one of the biggest decisions in a person’s life. Those who want to buy their own home, think of taking a home loan. However, it isn’t as easy said as done. Most people are not aware of all of the formalities they need to go through when taking a home […]
Almost every borrower devotes their efforts trying to find the cheapest home loan. After all, who wants to spend more than they have to on a housing finance? However, in their pursuit to cut costs, many borrowers find themselves tethered to inferior finance solutions. Keeping this in mind, the following article will go over some […]
How to choose the best housing loan deal? There is no such place like home on this earth. It’s the place where you create memories with your loved ones and it reflects your personality. When you choose your dream home, you do a lot of brainstorming, make a careful inspection, about the area, amenities, […]
Not everyone who applies for a home loan is eligible to get approved for one. No matter how easy it might seem, getting your home loan approved is not a walk in the park because it requires careful research and acquiring thorough knowledge about the home loan, home loan interest rate, and other factors. Thus, […]