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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Avail Your Dream Home with Lowest Home Loan Interest Rate in 2021

Your dream home in 2021 maybe just a home loan application away! A home loan facility helps you get a large amount as per your eligibility. Since a housing loan is secured, it comes at a lower rate. But repaying over a longer tenor may increase your interest charges.  If you wish to avail yourself of the lowest home loan interest charges, this short post will help you know more! Read on!Go for a shorter tenor Opting for a...

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Want To Enjoy Home Loan Tax Benefits? Follow These Points

Do you have an active home loan account or want to apply for one? You should be aware that you can also enjoy some home loan tax benefits. If you want to know how to avail yourself of housing loan tax benefit, here is a short post!Home loan tax benefits and conditions to avail of them On the principal home loan amount You enjoy a maximum of up to Rs.1.5 lakh on repaying the principal component of your home loan. You can claim...

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You Must Know About What is Loan Against Property?

The loan against property is one of the secured finances available in India and offered by leading banks and NBFCs in major cities. If you need a large amount to cover your different needs, you can keep your property as the collateral to do that. In this case, the loan is given against the value of your property. Most lenders may provide you with a loan value of up to 75-80% worth of your property. And the best part about it is that...

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What are the factors that affect loan against property eligibility?

Potential borrowers need to fulfil all loan against property eligibility requirements to avail such credit without hassle.Some of the factors that influence these eligibility are discussed below.Factors affecting LAP eligibilityCredit historyCredit history or CIBIL score is a crucial parameter that affects the LAP eligibility significantly. This factor substantiates a borrower’s repayment capability and creditworthiness. Most lending institutions...

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Easy Ways To Calculate Your Housing Loan EMIs through EMI Calculator

Despite having home loan eligibility, many people do not apply for housing finance. It is because they are unaware of an exact home loan EMI payable over a tenor. But it is possible to calculate home loan EMIs in advance. All that you have to do is – use the housing loan EMI calculator. Let’s know how to use the home loan calculator for EMI in this short post!What is a housing loan EMI calculator?A home loan EMI calculator is an online tool...

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Know the Factors before Applying for a Home Loan

Do you wish to apply for home loan and avail of a significant amount to construct or buy your dream home? If yes, you are not alone! Many people apply for home loans and still face rejections. It is because they don’t consider a few factors affecting housing loans. Read on and know more!Research for best home loan deals onlineWhen it comes to applying for a home loan, you may come across many offers. It may confuse you on which one to go for....

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You Should Know How Top-up Loan Works on a Home loan

When you need a large amount, it is common to avail of a loan to cater to your needs. But when you already have a home loan or have recently opted for the home loan balance transfer, you may avail of a top up loan. A top up loan is offered above and over your current home loan. Based on your home loan eligibility, you can know about an available housing loan amount. Using the top up home loan calculator on a lender’s website, it is possible...

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