An E home loan is one of the most applied financial solutions to help you buy or build a new home. But when you avail of a home loan, you also have to deal with interest charges payments. And if you choose a longer tenor, you may have to pay a higher rate E home loan interest rate. On that note, let’s check out ways you can enjoy E home loan interest rates in this post!Go for a shorter tenor If you want to avail of a lower E home loan interest rate, you should choose a shorter tenor. Doing that may increase your EMI amount,...
Monday, 10 May 2021
To Do-list for Availing Home Loan at Lowest Interest Rates
Home loans are unsecured debts that come with a lower rate of interest. Still, since it is a long-term obligation, many people pay extra interest charges. But it is possible to opt for a lowest home loan interest rate after following a few handy tips. Read on!Here’s how you can enjoy lower home loan interest ratesBegin with a higher down paymentThe first thing you can do to lower your home loan interest rates is by putting down a higher...
Tuesday, 4 May 2021
Things to be Noted Before Applying for a Home Loan
Are you willing to apply for a housing loan and move or construct your dream home? If yes, the first thing is to meet your lender’s eligibility conditions. Many people don’t consider a few factors before applying for a home loan and suffer. Let’s check out a few aspects that you need to note while apply for home loan in this post!Maintain a higher CIBIL scoreIf your CIBIL score is robust, nothing can stop you from getting the housing loan approval for a large amount. You can also do that at a lower rate of interest and pay...
Monday, 3 May 2021
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...
Thursday, 29 April 2021
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...
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...
Wednesday, 28 April 2021
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...
Thursday, 22 April 2021
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...
Wednesday, 21 April 2021
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...
Thursday, 15 April 2021
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...
