Festive times are always considered auspicious for buying a piece of property. There can’t be a better time to buy that dream home than this, when apart from being the most auspicious time of the year, houses are available...
India’s banking system is under tremendous pressure -- total outstanding on mortgages in the banking system stood at Rs 9.08 lakh crore as of September 29. But, this has been no deterrent in financial institutions giving one another stiff...
The home loan documentation procedure has always been a nightmare for many applicants. The voluminous documentation takes a toll, not only on your time, but also on your peace of mind. There are multiple caveats built into such documents. Most...
SBI and ICICI have cut the interest rates on their home loans by 0.10%, with additional benefits for women borrowers. Read on, to know what the current rates are. Leading banks SBI and ICICI, on April 7, 2016, cut their...
Faced with liquidity crunch, realtors' apex body CREDAI on December 6 sought one-time restructuring of loans provided to the sector as well as a dedicated fund for the completion of stalled housing projects.It also demanded reduction in the GST rate for...
होम लोन कस्टमर के लिए अच्छी खबर है। देश के सबसे बड़े बैंक भारतीय स्टेट बैंक ने होम लोन सस्ता कर दिया है। बैंक ने 30 लाख रुपए तक के होम लोन पर इंटरेस्ट रेट 0.25% घटाकर 8.35% कर...
A mortgage is the biggest debt most home loan borrowers will probably ever bear, and their home is probably the most expensive thing they will ever buy. Taking a home loan and mortgage is a time-consuming process. Applicants work on...
In India, taking a home loan is one of the preferable ways you can afford a home for your family, in your 30s or early 40s. Essentially, you receive a significant amount of money as loan amount and commit...
Check out the list of documents required for home loans. Generally, the documents required to process a loan application are almost similar across all banks, however they may differ depending upon specific requirements and other factors. The following documents are required...
As the real estate market begins to perk up, many people find themselves in a good position to start looking for a home. Even though interest rates continue to hover at the lower end of the spectrum, shopping for a mortgage...
Retrenchment, an accident, a prolonged illness or business losses, can all lead to a situation where a borrower is unable to pay his home loan EMIs. Here are a borrower’s options in such a situation: Plan a contingency fund Before you take a...
Lately, we have noticed that a significantly higher number of people are transferring their home loan from one bank to another. But what could be the reason behind this move? Well, it is believed that usually a person undertakes...
Thanks to the RBI's latest mandate (wherein banks would now have to link loans across categories to floating interest rates), new and existing home-owners will get more transparent home loan deals. Home loan borrowers...
It is advisable for home loan seekers to obtain a credit report, before applying for a large loan, such as a home loan. This report, which provides a person’s credit score, can be obtained from any one of the...
Errors in the CIBIL report can be anything, like a mistaken identity, spelling mistake in the name, age, address or PAN card, credit card facilities never availed of, or someone else’s loans/overdues reflecting in your report. Such mistakes can...
Benchmark To Be Revised Monthly | SBI Reduces Rates Home loans have started becoming cheaper.EMIs will fall by over Rs 300 for those who avail a Rs 50 lakh, 15 years loan. The country's largest lender State Bank of India...
Home loan comes to the rescue of first-time home buyers looking to book a property with limited funds for down payment. Availing a home loan also has additional benefits. Read on to know more about the benefits provided to first-time...
If you want to take a home loan, you cannot afford to ignore the Credit Information Bureau of India Limited (CIBIL) score. The CIBIL score helps lenders decide whether to grant you a home loan. Will you lend lakhs of...

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