Home Loan Archive

Top 5 Legal Documents You Need for a Hassle-Free Home Loan Process
June 18, 2025

Getting a home loan can be smooth if you have all the right documents. Lenders need certain legal documents for a home loan to verify your identity, income, and property details. Having these ready in advance can speed up the process and increase your chances of approval. In this guide,…
Home Loan Exemptions : Tax Rebates, High Savings
April 03, 2025

A home loan can not only get you your dream home —it can also help you save on taxes! Home loan exemptions offered by the Income Tax Act (1961) allow borrowers to claim rebates that lower their taxable income. These exemptions range from Rs. 50,000 to Rs. 2 lakh, ensuring…
Home Loan Disbursement Process For Under Construction Property
March 25, 2025

Investing in under-construction properties offers affordability and long-term benefits. It is a popular choice among homebuyers. These properties provide flexible payment plans and potential appreciation in value over time. Opting for a home loan for properties, such as the home loan disbursement process for under-construction property, adds further advantages, with…
Understanding Principal and Interest - An Introduction
March 25, 2025

Money makes the world go round, but borrowing it can sometimes feel like a puzzle. When you take a loan, you hear words like “principal” and “interest” tossed around, but what do they actually mean? Think of it this way: the principal is the amount you borrow, and interest is…
7 Ideal Practices to Accelerate Your Home Loan Repayment
March 24, 2025

Homeowners need to pay off their mortgages. This means repaying the loan amount and interest to the lender over a specific duration. A repayment plan usually involves monthly payments, often called a mortgage or loan amortisation schedule. Payments include two essential parts: the principal, the sum you borrowed, and the…
Top 10 Tips to Secure the Lowest Home Loan Interest Rate in 2025
March 24, 2025

Every individual dreams of buying a home, but securing a low-interest home loan can make all the difference in saving lakhs or crores over the loan tenure. With lending rates fluctuating based on economic trends, financial policies, and creditworthiness, being well-prepared is essential. In 2025, banks and financial institutions will…
Power of Attorney for Home Loans : Types, Application Process & More
March 21, 2025

A power of attorney for a home loan is a legal document allowing a borrower to authorise someone to act on their behalf. It ensures that loan processes continue if the original applicant is absent. Whether you are an elderly citizen unable to physically visit your bank or an NRI…
Home Loan vs Construction Loan : Key Differences
March 21, 2025

Loans are pivotal in business strategy, allowing you to leverage financial resources to expand and diversify your portfolio. In real estate development, using loans isn't just about the necessity of capital. It's about optimising cash flow management and enhancing the potential for project scalability. A home loan or mortgage is…
Boost Your Home Loan Approval : 10 Smart Strategies
March 21, 2025

Owning your dream home can feel like a distant goal when faced with the challenge of home loan approvals. Dealing with home loan criteria, paperwork, and financial checks might seem daunting, but the good news is that success is within reach with the right strategies. This blog will help you…
Collateral vs Mortgage: Unlocking The Best Loan Option For You
March 21, 2025

Two terms often surface when talking about securing loans: mortgage and collateral. While both terms are frequently associated with loans, they serve different purposes. A mortgage is a loan secured specifically by real estate, whereas collateral refers to any asset pledged to secure a loan. Understanding the distinction between these…