Banks and NBFCs are lining up to raise their Home loan rates at the Marginal Cost of lending Rate (MCLR) which is being raised owing to the economic conditions and high inflation. The decision is not just from one bank but every lender including Housing Finance Companies. Rising interest rates have an impact on the […]
5 steps to avoid falling into higher Home Loan rates! Read More »
Owning a Home of your dreams takes work. With the rising cost of home purchases in urban areas, it is difficult to get home loans to fund the purchase. Not just finding the perfect to build your family, but also finding the right lender to provide a loan for the purchase. Finding a spacious home
Apply for Joint Home Loan – Benefits, Eligibility, and Tax Savings Read More »
There is a lot of effort that goes into being eligible to get a Home Loan to finance your dream home. Maintaining a good credit track and repayment over the years to come to the stage of applying for a Home Loan. Even after that, loans get rejected especially Home Loan even though the credit
The Government of India has extended multiple deduction options for taxpayers in different segments. To enable housing for all, the interest paid on the home loan is exempt from Income tax calculation. Also, to reduce the tax burden on salaried employees, House Rent Allowance (HRA) to a certain extent depending on the place of residence
Can House Rent Allowance (HRA) be claimed together with Home Loan Interest? Read More »
In most residential projects, the developer does not own the land on which the construction is taking place. There are pre-signed contracts between the developer and the landowner regarding the shareholding in the projects where they both individually enjoy the price setting in most cases. Whether it is apartment or villa projects, both developer and
Spotted Landowners Share Flats available? Understand before buying. Read More »
Timing is the most important thing when you sell a house or a property. Else, you will end up paying hefty taxes. To understand how timing affects the tax you have to pay, let’s understand the tax structure on profits from the sale of the property. The profit made by selling a property is called
Beware of tax Implications on Selling a Property Read More »
It’s a mix of pleasure and relief clearing off your Home Loan. Now, you own the home without any overheads hanging. No EMI dedication from the coming month. The effort you took over the years right from Applying for the loan, Down payment, and sincerely paying your EMIs every month has born a sweet fruit
Home Loans can help a lot of people achieve their dream of buying a Home. The demand for Home loans has spiked over the last two decades making it a popular option to finance Home buying. There are many Banks, Housing Finance Companies (HFCs), and Non-Banking Finance Companies (NBFCs) extending Loan facilities for buying Homes.
Taking a Home Loan is a long-term responsibility that extends upto 3 decades. So, before making a commitment to owning a house, you need to evaluate from all angles to make sure you are ready to apply for a Home Loan. Evaluate your income, expense, existing loans, and most importantly how to deal if about
About to default on Home loan? Know the Consequences! Read More »
Home Loans unlike short-term loans such as Vehicle Loans, Personal loans, etc are much more responsible and have a long tenure. It needs utmost commitment towards repayment else you lose your money as well as collateral assets. The first question that comes to everyone who intends to buy their dream home is how to fund
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MONEY MANGO and it’s partners reserve the right to reject any application at any time in accordance to its policies. To qualify, a borrower must be a Indian citizen and meet our financial partners underwriting requirements. To check for an applicant’s eligibility, our lending partner will request your full credit report from one or more credit bureaus. Not all applicants eligible for loan and payment assistance. To qualify you must have a responsible financial history and meet other conditions. Loan and other services eligibility displayed are indicative, actual will depend on number of factors. If approved, your tenure will depend on a variety of factors, including sanction amount, repayment capacity, a responsible financial history, years of experience, income, home-loan to value ratio and other factors.
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Got Execute d 35 lakh construction loan of Haqpatra property near Many at a Tech Park Govindpur Bangalore North. Thank you so much To Money Mango.