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We all know that tax breaks are available for home loan borrowers, but how many of us are aware that there is a proper procedure to be followed to claim these benefits. To be precise, it requires the necessary documents to be in place before one seeks the tax benefits.
Keshav, 28, is a first-time loan [...]

In a bid to woo customers, many lending institutions have brought out attractive home loan schemes, for example, SBI Easy Loan with a fixed interest rate of 8 per cent for the first year. But how can one decide whether these schemes are really beneficial? Well, the actual benefits in a home loan are known [...]

Many a time, banks reject home loan applications without giving any explanation. This frustrates loan seekers to no end and as the reason is not known, they hesitate to apply to another bank. Here, the loan seekers need to understand that if they are denied a loan even after fitting the criteria described by banks [...]

Getting a home loan nowadays is not an easy task as was witnessed for the last several years. Earlier, various financial institutions and banks were queuing up to lend money on easy terms but now they lay out several conditions before they hand out any money. One of the issues that hits borrowers quite hard [...]

We cannot think of repaying a home loan without Equated Monthly Instalments (EMIs). By depositing the required sum every month, EMIs ensure that the loan repayment is regular, systematic and timely. It is done in two ways: through post-dated cheques (pdcs) and electronic clearing system (ECS). Let us consider the first method here.
Anuj has taken a [...]