Home Loan Processing Fees and Charges
What are the Costs Involved in Taking a Home Loan? application fee, processing fee, pre-payment charges, legal fee, CERSAI Charges, documentation fee etc.
Home Loans: Floating vs Fixed Interest Rates
Floating vs Fixed Interest Rates – Difference between floating and fixed home loan interest rates. Compare Floating and Fixed Interest Rates.
Missed home loan EMI? What will be the consequences?
A home loan allows you to finance your dream home quickly. However, due to its enormous size and long tenure (usually up to 30 years), keeping up with regular EMI payments becomes challenging for many. Despite planning for loan repayment, you may miss your home loan EMI payment due to unforeseen circumstances, such as job...
3 Tips to Help You Close Your Home Loan Early
Want to Close Your Home Loan Early? Here 3 Smart Ways That Can Help You in Closing Your Home Loan Faster and Early.
Loan-to-Value (LTV) Ratio: Meaning, Importance and Calculation
Home loan is a secured loan that requires you pledge the property to be purchased/ constructed/ renovated/ extended as collateral with your lender. But you do not get the entire value of the asset pledged as a loan and this is where the LTV ratio comes in the picture. What is Loan-to-Value (LTV) Ratio in...
SBI Realty Home Loan: Interest rates, Eligibility, Documents, Fees & Charges
State Bank of India has launched its online platform for homebuyers- SBI Realty. SBI Realty provides home loans for the purpose to purchase a plot for construction of a dwelling unit. The construction should take place within 5 years from date the loan has been sanctioned.
Tips to Enhance your Home Loan Eligibility
How much amount of home loan you are eligible for? How to increase your home loan eligibility? Here are the tips to enhance home loan eligibility.
Co-borrower vs Co-owner vs Co-applicant
Co-borrower, co-owner and co-applicant are the terms that some people use interchangeably. However, each of these terms has its associated legalities and financial obligations related to home loans. Therefore, you must know what these terms mean and how they are different. Who is a Co-applicant? A co-applicant is a person who applies for a home...
Is it essential to file an ITR to avail a home loan?
To purchase your dream home, you will need to make a substantial financial investment. If you do not have the funds available, getting a home loan is the best option. A home loan provides you with the necessary funds and gives you a longer tenure to repay the amount. However, getting a home loan has...
Home Loan Closure Checklist
There is nothing more overwhelming than paying your entire home loan and becoming a proud homeowner. And while you are celebrating the end of your home loan EMIs, you must understand all aspects of home loan closure. A home loan is not considered closed unless your lender declares the same, and therefore, we have curated...