house loan interest

Home loans are one of the popular ways to buy your dream home, and lately, it has observed there is been more inclination of banks and non-banking institutes to offer home loan for women applicant thereby motivating them for better empowerment. These measures taken by banks and government sector includes women in all types of financial decision is the step to finally secure the woman of India.   Many lenders are comfortable to offer home loans to women borrowers because they feel women are much more responsible and tend to pay off their dues on time. Stats prove that women are less likely to default in comparison to male borrowers. These independent working women who are slowly and steadily making a mark on the global platform prefer their independent living spaces and therefore opt for housing finance. Women buyers have already constitute around 30-35 % of the urban real estate markets in India.   There are a lot of benefits towards a home loan for women borrowe...

Anyone taking a home loan would want lowered housing loan interest rates . Even the slightest reduction in your rate will bring you substantial savings over the tenure of your loan. However, in the pursuit of lower rates, some borrowers settle for inferior loan products. These loans end-up causing them more harm than good. Keeping this in mind, the following article will provide you 5 tips that will help you reduce your rate without requiring you to settle for sub-standard borrowing instruments. 1. Co-borrow with woman. Borrowing jointly itself has numerous benefits. For instance, you get higher eligibility and quicker approvals, especially if your co-borrower hastheir own source of income. However, co-borrowing with a woman comes with an added advantage – lowered interest rates. That’s right! Women borrowers are provided with lower rates as compared to those applicable for men. And co-borrowing with a woman means you get the same rates as women. If your rate is 8.55%, co-borr...

A house is where your heart lies. Owning a home is one of the biggest financial goals for millions who wish to have their own abode someday. Till a few years back, buying a home was a daunting task wherein the property rates are already skyrocketing, no proper financial resource for funding and even if you find one you had to go through the tedious application and verification process. Traditional finances were way too costly in terms of extremely high-interest rates, stringent payment measure and no flexible for repayments. Borrowing from friends and relative has a chance of creating a rift in the relation. Thanks to the efforts taken by leading private finance companies and banks in India that fund your house with low home loan interest rates , and customized solution to turn your dream into reality.   Thanks to internet facilities you can compare quotes, apply for a home loan right from the cozy corners of your offices or rental houses. You don't have to visit any branches ...

Here are some the points that highlight the benefits of loan against property! No matter how much financial aid you need on emergency level or if you just need some extra funds to do more with your life, the option to take a Loan Against Property(LAP) can really be a blessing. So be it child’s education abroad, to host a fancy wedding ceremony for your child, a well-planned business expansion, funding the dream vacation you’ve been planning for so long or even if you need financial aid for any medical emergency. Indeed there will be an option to opt for a personal loan if the need is fulfilled with it. But if the need is greater, then it is suitable to opt for LAP as it serves comparatively more advantages than the personal loans. The principle of loan against property works as same as mortgage loans but with some added benefits. Basically by keeping your property as a mortgage with the bank, you are provided with a loan amount that’s usually a certain percentage of the mark...

Buying your dream home means spending hours to visit the property site, do background checks, documentation and finally vouch for the best home loan deal. There are leading private finance companies and banks who offer a range of housing finance products like housing loan for a new home or resale property, loan against property, home improvement/renovation loan, loan extension, etc. When you choose your home loan, it’s the interest rate which proves be the crux of the entire loan value. Different lenders offer different interest rates as per their rules and regulations and your credibility.   Since the market is quite competitive these days, you have to be extra careful because one minor mistake can lead to cause a big hole in your pockets. Besides, once it affects your overall credit rating it will be difficult for you to avail of any form of loan in the future as well. To get a better idea on the current home loan interest rates deals, you can peep into newspapers, visit ...