CIBIL, a part of TransUnion, is one of the RBI-approved credit rating agencies that are responsible for generating credit scores of individuals and businesses based on the data provided by the banks and lending institutions. CIBIL full form is Credit Information Bureau India Limited. A CIBIL score determines whether an individual is likely to repay his debt or loan in time. Therefore, lenders consider it … Continue reading What is a Good Credit Score? Top 3 factors that affect your credit score
A home loan balance transfer is where a borrower transfers an existing home loan to a different lender. It is vital for borrowers to opt for this facility only after carefully considering the long term benefits and not end up paying more than they would have paid with their existing home loan. Any home loan borrower should therefore know when to opt for a home … Continue reading When to Opt for a Home Loan Balance Transfer?
Credit options like loan against property and home loans have always been the go-to options when in need of substantial financial assistance. Since both loan options have their share of pros and cons, individuals are often confused when it comes to selecting between any particular one of them. To gauge the better option between a loan against property and a home loan, prospective borrowers must … Continue reading Know The Key Difference Between Home Loan And Loan Against Property
It is very beneficial if you can get lowest home loan interest rates or reduce your home loan interest. It will decrease your loan burden. Here are some tricks to help you avail a home loan and lower your home loan EMIs in India: Extending the Repayment Tenor: The benefit of extending the tenor is that it can lower your EMIs. Extending the period of … Continue reading Few Important Tips To Decrease your Home Loan EMI
Be it buying a home and car or funding overseas education, you can easily manage the expenses with the help of bank loans. However, the most important thing related to loans is the EMI – equated monthly installment. It is basically the small monthly amount paid to the bank for repaying the loan we opted. EMP payments consist of both the principal amount and the … Continue reading Here is All About Home Loan EMI and Home Loan NOC
If you are planning to avail a home loan, then you must be aware of the recent change of RBI loan rules and policies. As per the new RBI guidelines, the EMI has gone up. Why did this happen? It is because the latest repo rate has been hiked by the RBI after banks increased their MCLR (Marginal Cost Lending Rate). To understand RBI home … Continue reading What You Should Know About MCLR (Marginal Cost Lending Rate) in 2019?
Are you applying for a home loan? Know all about the home loan sanctioning and disbursement process in India. A home loan is a lucrative option when it comes to funding your construction or buying of a new home. There are several banking institutions and financial institutions out there providing the ease of applying for a home loan in India. However, in order to avail … Continue reading A Quick Guide To Home Loan Sanctioning and Disbursement
Buying a home of one’s own is one of the biggest cherished dreams of any individual. In order to facilitate the realization of this dream, there are a number of lenders available today who provide home loans at very attractive interest rates. Benefits of a Home Loan There are a number of benefits of opting for a home loan according to RBI guidelines for Home … Continue reading Income Tax Deductions that can be Claimed on your Home Loan
The Ministry of Housing and Urban Poverty Alleviation (MoHUPA) launched the Credit Linked Subsidy Scheme (CLSS) in the year 2015. The main aim of launching this project was to provide interest subsidy to existing housing loan subscribers and was launched under Pradhan Mantri Awas Yojana (Urban). Under the Credit Linked Subsidy Scheme (CLSS Scheme), the individual is provided with interest subsidy on housing loan availed … Continue reading A Short Note on CLSS
The Prime Minister of India launched the Pradhan Mantri Awas Yojana in 2015 with an aim to provide affordable housing to all urban citizens by 2022. Under the PMAY scheme, the lower and middle-income groups of society are provided an interest subsidy on home loans under the Credit Linked Subsidy Scheme (CLSS) in India. These loans can be used for construction, purchase or renovation of … Continue reading Here is How To Get Benefits of Home Loan Credit Linked Subsidy Scheme