Urban Money Blogs

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…

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…

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…

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…

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…

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…

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…

In 2024, India's housing market reached a 12-year high, with sales increasing by 7% to over 3.5 lakh units across eight major cities. This surge was driven by increasing demand for premium homes, particularly in the ₹2-5 crore segment, which saw an 85% annual growth. Despite these developments, home loan…

A home loan is a financial product that helps people buy or build their dream homes without paying the full cost upfront. The bank or lender provides the money, which the borrower repays in monthly instalments, including interest. These loans often require proof of income, ID, and property details. Understanding…

Foreclosing a home loan allows borrowers to repay their loan before the end of their tenure, offering an opportunity to save on interest payments. However, this process often comes with home loan foreclosure charges, which vary based on the type of loan and lender policies. Understanding the impact of these…