Joint Home Loans – The Pros, Cons and Myths!

Buying a house isn’t easy today if you are living in a metro city like Mumbai, Pune, or Delhi. It’s nearly impossible to pay the full price of a house unless you have massive savings or an existing real estate that you can resell. This is the reason why most people take home loans, or […]

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Do you know the hidden truth behind ‘Pre-approved loans’ in India

Have you ever received a phone call from your relationship manager telling you that, there is a pre-approved loans especially for you? A lot of people get excited about this fact, that there is a special offer for them and that the bank is ready with the red carpet waiting top hear a – “Yes, […]

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4 important things to complete when you Close your Home Loan

It’s a dream of most of the homeowners to own a house without any loan on their head. It’s a great moment in their life, when they pay the final EMI of their home loan or pre-pay the full outstanding balance and clear the home loan fully. It’s a moment of pride and happiness. It’s […]

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How Top up loans are good alternatives of Personal Loan ?

Imagine you already have a home loan and now after few years of payment, you again need some extra loan for some purpose? What would you do ? One would ideally think of applying for a fresh loan from scratch and might get it too .. But there is a faster option to get a […]

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6 tricks to increase your Home loan eligibility and learn how its calculated by banks ?

Today you are going to learn how much home loan amount you are eligible for. I will show you how banks calculate your home loan eligibility and what are some of those factors which can impact your loan eligibility. At the end, I am also going to share some tips you can take to increase […]

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Why you should collect NOC (No Objection Certificate) once your loan is complete ?

Once you pay off your loan, a big responsibility is off your mind and you feel relaxed. Its a moment where you do not want any further run around and want to now move on to other things in life. And this is exactly why most of the loan customer do not collect a document […]

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Do not close your Loans – If you want to improve your credit score!

Do you have a loan and want to close it as soon as possible? I know the answer is YES! . Everybody wants to get rid of debt and want to enjoy a debt free life. But, what if I give you a good enough reason to not close your loan and keep paying your […]

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4 things to do, when you are forced to buy a Policy with Home Loan !

Have you even seen cases where when a person wants to get a home loan, and the bank or the lender says that taking some kind of ULIP policy or some other kind of insurance product is mandatory if you want the loan to be approved? Most of times, banks impose this restriction in the […]

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Prepayment Charges abolished by RBI

This is a little old news. RBI has finally abolished Prepayment charges or penalty on home loans with floating interest rates. Borrowers can now transfer to new lender which provides them less interest rates without paying any kind of charges or penalty. Damodaran Committee on customer service in banks, RBI) has been observed that banks have […]

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Which is the best bank for Home Loan ?

Taking a Home loan is a big task in itself and one of the biggest financial decisions. Home loan is the longest debt in our life. At times 10-20 yrs, which makes demands a long term commitment. Each month you have to pay your EMI, sometimes you have to prepay some part of home loan, […]

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