Major Factors You Should know that affects your Home Loan Interest Rates

It is the dream of so many people to either or building a home of their choice. In the event of funds shortage, the facility of home loans has emerged as a viable solution. As per your eligibility and other factors, you can avail of a significant amount. But since it comes with a longer tenor, the home loan interest rate charges are on the higher side. On that note, it would be good to look at a few factors affecting home loan interest...

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Avail Home Loan Subsidy Under PMAY Yojana 2021

 If you are building or buying your first-ever pucca home in India and want to do that using a housing loan, you can save on interest charges. It is because you can avail of a home loan subsidy of up to Rs.2.67 lakh on home loans. It will be as per your income categories of Economically Weaker Section (EWS), Lower Income Group (LIG), and Middle Income Groups 1 and 2. The facility is available under the Pradhan Mantri Awas Yojana (PMAY) of the Central Government of India. Let’s know how much subsidy can you enjoy when you apply for...

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Home Loan Digital Sanction Letter within a few minutes with Bajaj Housing Finance Limited

Were you looking to apply for a home loan to buy your dream home? If yes, you may like to settle for a bank like many more. But applying for a home loan with a conventional letter may take more time for approval and more. But if you opt for the Bajaj Housing Finance Digital Sanction Letter within a few minutes with Bajaj Housing Finance Limited, you may get the digital sanction letter instantly. Want to know more? Read on!What is a home...

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Home Loan Digital Sanction Letter within a few minutes with Bajaj Housing Finance Limited

 Were you looking to apply for a home loan to buy your dream home? If yes, you may like to settle for a bank like many more. But applying for a home loan with a conventional letter may take more time for approval and more. But if you opt for the Bajaj Housing Finance home loan, you may get the digital sanction letter instantly. Want to know more? Read on!What is a home loan digital sanction letter instantly?The Bajaj Housing Finance Limited is a subsidiary of Bajaj Finance Limited, a known non-banking finance company (NBFC) in India. The...

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Best Time to Refinance Your Home Loan: A Complete Guide

Home loans come with remarkably long repayment tenors, ranging from 15-20 years. Such an extended period can entail several changes in one’s financial position and make it increasingly difficult for borrowers to chalk out an effective loan management plan.Consequently, repayment difficulties, plus reductions in home loan rates as seen now, prompt many borrowers to seek refinancing. However, individuals need to time their home loan transfer depending...

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Top Benefits and Uses of Home Loan EMI Calculator

 Securing a lump-sum credit to purchase your dream house might sound appealing. However, it might not be a convenient choice if not planned efficiently. These large sums are accompanied by substantial interest components and can result in hefty repayments. Defaulting on an instalment due to financial constraints in the course of a loan can negatively impact a borrower’s credit score. Using an EMI calculator before applying can help individuals...

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Amazing Tips to Reduce Your EMIs on High paying Home Loan

Are you paying a higher home loan EMIs affecting your outlays? A home loan is a long-term obligation that helps a considerable amount to buy or build a new home. But if you are managing higher housing loan EMI, you don’t have to worry. It is because it is possible to reduce home loan EMI by following a few tips. Read on this quick post!Go for a higher down payment When you apply for home loans, you will not get the entire value of your new home as the loan amount. The maximum you can get is 75-80%. The rest has to be arranged...

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Follow These Easy Steps to Reduce Your Home Loan EMI in 2021

The process to compare different lenders and opting for the lowest interest rates is inevitably the modus operandi of most borrowers while availing a home loan. In order to help prospective borrowers out, most financial institutions offer a home loan EMI calculator where one can check the EMI payable beforehand and check if the same matches his/her repayment capacity. In case you think that the Equated Monthly Instalments will put severe stress...

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Points to be Noted Before Applying for a Home Loan

Owning a residence is a significant financial decision for any borrower. However, purchasing a home requires substantial credit, which a housing loan can cover conveniently.In this regard, first-time buyers need to make an informed decision evaluating the interest rate and repayment capability. Apart from these factors, individuals need to check a few things before making the home loan application.Few pointers to keep in mind before initiating a...

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Important Things to Consider Before Switching for Home Loan

Borrowers often look for different measures that can help them reduce their interest rates and make home loan repayment easier. A home loan balance transfer comes as a great aid for individuals who are unable to bear excessive monthly interest charges and hefty EMIs. This process entails transferring your existing home loan account from one financial institution to another to enjoy lower interest rates and better service terms. However, before...

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