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 »
Loans are divided into secured and unsecured loans. To address different financial needs, banks and NBFCs offer loans at different interest depending upon the risks involved. A loan against Property is a secured loan product offered to meet big-value credit requirements. Secured loans are high-value loans with real estate property as collateral. The immovable properties
Important things to know before applying for a Loan against Property! 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 »
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.
A secured loan that can be availed for any purpose without any restriction and end use of the sanctioned principal is a Loan against Property. It is similar to all other loans in many aspects but varies in some key features such as being a high-value loan, a long tenure, and collateral of physical assets
Understand How Your Loan against Property is processed! Read More »
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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.