Amazing Features and Benefits of Using Home Loan EMI Calculator Online

 Nowadays, planning a home loan is possible in advance. It is because you can use the home loan EMI calculator online and indulge in efficient financial planning. When you are aware of an exact home loan EMI, you can manage your outlays to make way for it easily. Let’s know about the benefits of using the home loan EMI calculator online and the steps to using it!What are the benefits of using the home loan EMI calculator online?You...

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Top Factors That Badly Affect Your Home Loan Interest Rates

One of the most prominent factors deciding your home loan affordability is the interest rate. It definitely does vary across lending institutions, depending on market conditions. However, many applicants might not be aware of how these rates can be negotiated depending on their property characteristics, eligibility, and financial habits. Here are some of the top factors affecting home loan interest rates and ways in which individuals can save on...

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Housing Loan Rates Hiked? Know How to Deal With Them Properly!

Home loans that carry a high credit value and an extended repayment tenure is a long-term interest commitment. The credit form imposes a considerable pressure on a borrower’s financial capacity. A hike in home loan interest rates can become challenging for an individual paying EMIs, especially for a floating interest housing loan.For instance, if one avails Rs.25 lakh at a 10% interest rate for 20 years, total interest payable will be Rs.32,90,130...

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Important Things to Remember While Transferring your Home Loan

Besides lower interest rates, home loan transfer also accompanies a range of benefits like better service, pre-approved offers and many more. However, to leverage the optimum advantage, individuals have to consider a few things. Here are some of them. Time of refinancingIt plays a crucial loan in determining the profitability of this facility. Generally, in the initial stages of repayment, individuals mostly service their interest liabilities....

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Know How to Deal with Hiked Home Loan Rates With Calm

 Home loan interest rate is determined based on the current market scenario. For instance, RBI controls the repo rate that further influences this rate. On top of that, lenders add their spread, and finally, a rate is proposed to borrowers. Thus, individuals who want to get rid of fluctuating home loan interest rates can adopt the following measures. Part-payment Individuals can make full use of the surplus cash if they have to...

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These Factors are Going to Affect Your Home Loan Interest Rates

 Housing loan interest plays a crucial role in determining the cost of borrowing. Thus, it is imperative for borrowers to know the factors that may affect the home loan interest rates. Following are some of them. Loan amount Generally, lenders charge higher interest on borrowing a significant loan amount. Since the interest rates vary with lenders, borrowers need to compare financial institutions to get the best deal. Moreover, they can also opt for a substantial down payment to reduce their EMI component. Interest type Home...

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RERA - the Impact on the Real Estate Sector

In the year 2016, the Indian government came up with the Real Estate (Regulation and Development) Act (RERA). Now, it wouldn’t be wrong to say the introduction of RERA has impacted and brought in some revolutionary changes in the Indian real estate, making it safer and more convenient for home buyers to buy a home in India. However, before talking about the impact of RERA, let's talk about the major challenges faced by the customers. Delay...

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