Top 6 factors that can affect home loan interest rates

When it comes to applying for a home loan, you need to pay interest rate charges. A longer tenor may lead to the payment of higher home loan interest charges. Many people do not consider aspects that can affect their housing loan interest rate charges. On that note, let’s check out a few factors that can affect your home loan interest rate!Credit scoreCredit score plays an important role when it comes to your finally offered housing loan...

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Steps to check your name in PMAY List 2021

The Pradhan Mantri Awas Yojana is a beneficial scheme initiated by the Indian Government. It allows intending homebuyers to avail CLSS home loans and other benefits. However, borrowers must note that they will receive an application number after applying successfully. This registration number is needed while checking the PMAY list. Steps to check PMAY listEligible borrowers can follow the steps below to check their names on this list. For...

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Know the Eligibility Criteria before Availing Home Loan in 2021

A home is where the heart is. Everyone dreams of having their own home. Many people apply for a home loan to fund their housing aspirations. But not everyone is eligible enough to get home loan approval. It is because one needs to abide by the home loan eligibility criteria before they avail home loans. On that note, let’s know the standard home loan eligibility criteria in this post before you avail home loans in 2021. Read on!  Standard...

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Top Factors Pushing Housing Loan Market in India

In these challenging times of global economic crisis where businesses and markets have seen a drastic downward phase due to the rapid arrival of the COVID-19 virus on the horizon, it has significantly harmed the Indian real estate sector that was already affected by issues such as cash constraints, regulatory and procedural reforms. However, given the current situation, it is reassuring to see that experts believe the house loan industry in India...

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Here Are 4 Things to Consider When Applying for a Housing Loan

If this is your first home loan, you may have many questions, and there's a good possibility you'll overlook certain important considerations. We've done the legwork for you and compiled a list of everything you need to know before applying for a housing loan in India- The eligibility criteria- For home loans, different lending organisations have different eligibility standards. The age brackets for loan approval and the income requirements...

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Lesser-known Pointers That Can Affect Their Home Loan Rates

If a family wishes to buy a house with the help of home loans in India, they may do so and move into the home of their dreams. However, the option comes with house loan interest, which the borrower must pay in addition to the EMI amount during the loan term. It means that their home loan EMI has a long-term impact on their income and expenses. They might get the lowest home loan interest rate if their CIBIL score is higher. They can pay lower EMIs...

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Top Factors that Can Increase Their Home Loan Eligibility

Borrowers need to meet certain eligibility criteria for getting housing loan from banks and financial organisations. The eligibility criteria set by banks and Housing Finance Companies are too high to reduce the number of non-functioning assets of the financial organisations. These eligibility criteria include a good credit score, work experience, the person’s income, previous loans if any, citizenship, and much more. In addition, various documents...

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Less Known Pointers that Can Affect your Home Loan Rates

A home loan is a secured option that comes with a longer tenor. Opting for a longer tenor may reduce your home loan EMIs. It may help you to manage other outlays in the month easily. But, you also have to deal with a higher home loan interest rate. But other than a longer tenor, many less-known factors also affect the interest rate of home loan in India. Let’s know more in this quick post so that you can avail yourself of the lowest...

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Know the Facts about PM Awas Yojana and its Subsidy

The Pradhan Mantri Awas Yojana (PMAY) is a housing scheme of the Central Government of India. Under this PMAY housing scheme, there is a provision to build affordable houses all over India. They are to be constructed using eco-friendly and sustainable technologies. Besides this, the Pradhan Mantri Awas Yojana also offers an interest subsidy on home loans. Under this, it is possible to enjoy a home loan subsidy of up to Rs. 2.67 lakh...

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Top Key Factors that are Boosting Home Loan Markets In India

 There is no denying the fact that the world is facing an unprecedented economic crisis owing to COVID-19. Even during this bad time, experts believe that home loan markets in India would experience a CGAR of around 22%. But, what are the factors responsible for driving the home loan market even during this dull period? One of the factors being held responsible is the improving living conditions of people in India. On that...

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Check Your Home Loan Eligibility with Home Loan Eligibility Calculator

Do you wish to avail of a home loan and have no idea about the exact eligible amount? If yes, you don’t have to worry! It is because you can calculate your precise eligible amount using the home loan eligibility calculator. Read on and explore more!What is a home loan eligibility calculator?The home loan eligibility calculator is an online tool that helps you know your actual eligible housing loan amount. This way, you can be confident...

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Get The Latest Updates On PMAY Scheme and PMAY List 2021

The Pradhan Mantri Awas Yojana (PMAY) is the housing scheme of the Central Government of India. The PMAY scheme was launched in 2015 by PM Narendra Modi. The PMAY was launched as a housing scheme to provide affordable homes to the poor population of the country in rural and urban areas. With a tagline of ‘Housing for All by 2022’, it intends to build affordable houses using sustainable technologies. Besides this, if you have PMAY eligibility,...

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