Home Loan: Hello friends, welcome back once again. It feels like you have a good home, but lack complete funds to build it. In such cases, people need to take a loan from a bank, which is called a home loan. A home loan is a loan taken from a bank or financial institution to purchase a home, build a house, or renovate a house. Interest rates are charged on home loans, and this debt is repaid monthly in...
Home Loan
The value of homes has surged so much that buying your own house requires assistance in the form of a home loan. Many individuals fail to pay attention to the interest rates while taking a home loan for their house. In such scenarios, they end up with expensive loans. However, if you are looking to secure a home loan and gain additional benefits from it, this information is crucial for you. Seeking...
Some suggest that buying a house isn't necessary and that renting is advantageous. While some believe that owning a house is essential, staying on rent comes with various financial losses and multiple issues. However, neither argument reveals the complete truth. Today, we'll explain the whole truth about whether, when, and why one should buy a home or continue renting in detail. In reality,...
If you want to lower your home loan interest rate, you will need to send just one email to the bank. Consequently, it will assist in changing the interest rate on your home loan. Home Loan EMIs are the most significant expense for both salaried individuals and professionals. In such situations, if your EMI is reduced through an email, it will help you. You will need to send an email to your bank,...
Whenever you take a loan, you are required to pay the Equated Monthly Installments (EMIs) within a specified time, otherwise, penalties are imposed by the bank. However, many times situations arise where paying the EMIs becomes challenging... Buying a house or a car and taking home or car loans has become common these days. Additionally, people often take personal loans to fulfill various needs....
Getting credit after a loan settlement can be a bit challenging. Consequently, if you need a home loan after settling a previous one, you might have to wait a while. But why is that so? If you're eager to buy your dream home soon after a recent loan settlement, your dream might be a bit farther away. After all, obtaining credit becomes slightly difficult after loan settlement. Therefore, if you...
For the middle class, especially those working, purchasing a home should always be done with thorough planning and calculation. This ensures fulfilling the need for a house without disturbing the household budget. Here's a special formula that can simplify everything. Buying a home is a significant achievement for the middle class, particularly for those working professionals who manage their...
After completing your home loan, it's essential to know certain things. Many people forget to collect several documents related to their homes from the bank after they finish repaying their home loan. Therefore, if you have taken a home loan, find out which documents you need to request from the bank. Owning a dream home of your own is a common aspiration for many. However, purchasing a house...
How To Improve CIBIL Score: You might already know that when you approach a bank for a loan, the first thing they do is check your CIBIL score. Your loan approval is based on this score. However, the RBI has now made changes to the rules governing the CIBIL score. Let's understand the new rules for the CIBIL score. You applied for a loan, your CIBIL score was checked, but unfortunately, it was low,...
