Home Loan Archive

All About NBFC Home Loans
September 17, 2024

Non-Banking Financial Companies (NBFCs) have become a popular choice for home loans in India. They offer flexibility, faster processing, and competitive interest rates, making them a good alternative to traditional banks. Moreover, NBFCs cater to a wide range of customers, including those with lower credit scores, making homeownership accessible to…
Home Loan vs Loan Against Property
September 05, 2024

Two options that are frequently considered when it comes to financing are a home loan and a loan against property. Both provide significant financial assistance, but they have different uses and have different terms and restrictions. Making an informed choice based on your unique needs requires knowing the main distinctions…
Everything You Need to Know About Cersai Charges For Home Loan
September 05, 2024

CERSAI charges are fees you pay when taking a home loan to register your property with the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI). This helps prevent fraud and ensures your loan details are transparent. For instance, if you get a home loan from SBI,…
Second Home Loan Tax Benefits
September 04, 2024

Home Loans offer many attractive features. Unlike other types of loans, they feature lower interest rates, longer repayment terms, moderate eligibility criteria, and associated tax benefits. Though home loan borrowers know these benefits, many buyers doubt whether tax benefits on such loans are allowed if taken for the second time.…
Everything You Need to Know About Prime Lending Rates in India
August 27, 2024

It is important for anyone considering obtaining a home loan in India to be informed about the Prime Lending Rate (PLR) and other benchmark rates, such as the MCLR, Base Rate, and Repo Rate. Because they determine the interest rates on various loans, these rates have a big influence on…
All About Franking Charges
August 27, 2024

With numerous extra charges and long documentation processes, getting a home loan to build your dream house can be daunting. However, with proper preparation and deep knowledge of all property-related expenses, you can avoid getting into trouble due to a lack of appropriate documents. Many people confuse stand-duty charges with…
Annual Percentage Rate (APR) - Definition, Meaning with Calculation Formula
August 23, 2024

A loan from any institution is a significant financial move that can affect you and your loved ones. While many banking institutions advertise a provisional interest rate on the borrowed amount, an Annual Percentage Rate helps discover the true expenditure and various annual charges. This amount enables you to budget…
RERA Delhi - How to Register and Impacts of RERA Delhi
July 30, 2024

To safeguard home buyers' interests, the Real Estate Regulation and Development Act was adopted in 2016. Additionally, it encourages the growth of the real estate sector by guaranteeing complete openness. All areas of the country's real estate market are governed and regulated under the RERA Act. Nonetheless, each state has…
Know Clear Land Titles for a Smooth Property Ownership Experience
July 30, 2024

Clear land titles refer to the legal ownership of a piece of land with no pending disputes or litigation related to the property. For home loan applicants in India, clear land titles are of utmost importance as it is one of the essential factors that lenders consider when approving a…
Top 5 Bank for Home Loan
July 30, 2024

Indian borrowers can opt from a wide range of Home loan products available to raise funds for real estate acquisition. The loan recipient must meticulously research the wide range of products available to get the best possible deal in the market. Or you can refer to this piece to thoroughly…