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Home Loan

What documentation you need before apply Home Loan : Pre-requisites of Home Loan

in Loans n You

ShareThe realty prices have gone up so much over the years, that everyone cannot afford to buy his or her `dream home`, without a home loan. With home loans available on EMI basis, more and more people from all income groups are applying for it, for purchasing their house. So would you also like to [...]

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Home loan swap window to help out interest rate hikes

in Loans n You

Share The government may seek changes in the prepayment rules to enable a home loan borrower to shift to cheaper lenders if his bank raises interest rates soon after disbursing the loan. The government wants banks to provide a two-month window to their new borrowers to shift to some other bank without prepayment penalty if [...]

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Government planning to change Prepayment charges for home loans

Personal Finance

ShareSumeer is a Bangalore based IT professional. He took Rs 40 lakh Home Loan in year 2008 from a leading Indian bank. Within in 3 months of his disbursement, bank has increased interest rate 3 times so Sumeer is paying now 2.25 % higher. He is nearly paying Rs. 50,000 pa more interest. It has [...]

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Did You Know? | How much home loan are you eligible for?

Loans n You

ShareTwo most important factors that decide the amount of home loan are your income and repayment capacity Home Loan Eligibility criterion: Two most important factors that decide the amount of home loan are your income and repayment capacity. Factors such as qualification, age, dependants, assets, liabilities, credit report, savings and the stability and consistency of [...]

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