A complete guide on how to apply for home loan in Gurugram

Do you live in Gurugram and want to apply for a home loan in Gurugram? If yes, you can do that easily online right on the website of your preferred lender.In turn, it can help you to save your time and let you avoid stepping out in COVID-19 times. Read on and know the easy steps to apply for an online home loan in Gurugram! Applying for an online home loan in Gurugram made easy The foremost step is to land on the website of a...

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Eligibility criteria, features and benefits of top-up loan

Do you have an ongoing home loan that you are paying a large interest amount on and want to cover your different needs without managing larger interest rates? If yes, you can switch your home loan to another lender offering a lower rate. This way, not only your home loan interest rate will come down, helping you pay lower EMIs, but even a top up loan. A top up loan will help you manage all other needs at a lower rate and a longer tenor. Let’s...

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Know How to Complete your Dream of Owning a House Using PMAY

It is the dream of everyone to have their own home. But not everyone is able to achieve it. It is because the cost of investing in a home is not under the budget of all. But if you still don’t have a pucca home in India, you can now fulfil your wish today. All that you have to do is – apply for a home loan and enjoy an interest subsidy under PMAY. PMAY stands for the Pradhan Mantri Awas Yojana. It was launched by PM Narendra Modi in...

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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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