Home loan articles

Home loan interest rates have inched up to an alarming degree in the last few months. This in turn, has certainly affected the loan eligibility. In such a scenario, it becomes pertinent for borrowers to re-evaluate their options on account of the new eligibility norms. Given below are some ways of enhancing the housing loan [...]

 
Reverse Mortgage: Get more from your house
As we all grow older, our incomes shrink to our pensions, medical expenditures rise while capacity to work dwindles. If you also account for today’s current inflation scenario, it’s hard to imagine a comfortable life after retirement with limited cash flows.
 
But there is one way out of this situation. [...]

We all are quite familiar with a regular home loan account, wherein the borrower pays EMIs every month, comprising interest and principal amount, for the entire loan duration. Here, a borrower may pre-pay a loan, but once pre-paid, he will not be able to withdraw that amount in times of need. But how about a [...]

They say the less you intend to borrow, keener lenders are to provide you loan.  The pre-approved loans that banks offer are a prime example of this phenomenon. Often, you would have received calls from banks, trying to convince you to take pre-approved loans with lower rate of interests, minimum documentation and faster processing, typically [...]

If you are residing outside India and contemplating of availing a home loan to own your dream home in India, it’s for you. NRI homes loans are prevalent in India and made available with as much ease as to a resident Indian. However, these loans are slightly different in terms of eligibility, terms and conditions, [...]

The home loan interest rates have been on a high for quite some time now, disturbing your monthly finances. To add further woes, the scenario is unlikely to change as RBI is contemplating another hike in policy rates due to high inflation numbers for recent months (July @ 9.22 per cent) in its next monetary [...]

If rising interest rates on loan EMIs was not enough to send your overall monthly finances for a toss, inflation numbers for recent months (July @ 9.22 per cent) are in line with market expectations of another rate hike in RBI’s next monetary policy announcement on 16 September. In such testing times when EMI burden [...]

While applying for loans, banks often ask for a guarantor. The need for a guarantor enhances, if the financial eligibility of a borrower is not meeting well with the standards set of bank. But, is it a good to become a guarantor? Let’s find out…
 

What are the kinds of loans for which the bank insists [...]

While scouting for home loan, choosing interest rate is perhaps a biggest dilemma confounding borrowers.  Whether you should opt for fixed rates, which are easy to handle with minimum of fuss or go for floating rates, which are generally cheaper and has better room for negotiation has always remain a million dollar question. The decision [...]

Whether it is haggling from a neighborhood shop or buying stuff in a branded store, we all love to negotiate. We put our negotiating skills on work to make the best of our hard-earned money and give us an instant high. So, why not do the same while buying pivotal personal finance products such as [...]