How to Reduce Your Home Loan Interest Rates

Home loan is a facility that has been offered by banks, Non-Banking financial companies, financial institutions, lenders etc. in order to support people’s dream of purchasing and living in their own houses.  The home loan is offered usually for the longer period and with a larger amount. Repayment of the loan amount becomes a huge burden for the people as it often hampers their monthly budget. Here, Finance Buddha, has come up with certain tips that will help you to reduce your home loan interest rates. Try to choose short loan tenure:- The short duration of the loan always ensures … Continue reading How to Reduce Your Home Loan Interest Rates

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Home Loan for an Under Construction Property

Ashutosh has decided to buy an under construction property for which the builder has already paid 4 installments out of 10 linked installments. Ashutosh wants to understand the steps to avail the home loan for an under construction property along with guidelines that have to be kept in mind for the smooth & secure functioning. Indian real estate industry have been facing the problems in near past and the developers have been facing the crunch. The developers have been thus forced to divert the money from the pre-launch projects to the almost nearly finished projects. However, now a day, more … Continue reading Home Loan for an Under Construction Property

What are the Documents Required for Home Loan Balance Transfer?

Living in the own house is a dream of almost each and every person. To support and help the people fulfilling the dreams, the banks such as HDFC bank, ICICI bank, SBI bank, Financial Institutions such as Bajaj Finance, NBFCs etc. have extended their hands to support people’s dream of own home and started providing home loan facilities. The borrower can check the eligibility criteria online and apply for the housing loans by following certain simple steps. The rate of interest, monthly instalments and duration to repay the loan may differ according to the different housing loan providers. The borrower … Continue reading What are the Documents Required for Home Loan Balance Transfer?

HOW DOES YOUR PERSONAL CREDIT RECORD IMPACTS YOUR HOME LOAN

The credit score is an important aspect when it comes to loan. For the home loans, it plays even major role because the home loan is a loan consisting of long tenures as far as repayment is concerned. In a way, a credit score is a 3 digit numeric summary of entire credit history for you. It usually varies from 300 to 900 numeric score. The credit score is dependent on the credit history. You can obtain the same from CBIL by paying nominal charges and come to know about your credit score before you apply for the home loan. … Continue reading HOW DOES YOUR PERSONAL CREDIT RECORD IMPACTS YOUR HOME LOAN

HOW TO GET A PERSONAL LOAN IN BANGALORE AT LOW-INTEREST RATE

Loans are a way to close down your expenses through the immediate funding drafted by the banks to you. We are living in an era, where a consumer can get a loan within 10 seconds of the application of the Online Loans. It can also take time in some circumstances. It totally depends on the bank the consumer is dealing with and the benefits provided by the bank. It is a mere surprise for the banking industry as they observe the shift in the trend of borrowing by the consumer. Consumers are shifting towards the borrowing of loan which is … Continue reading HOW TO GET A PERSONAL LOAN IN BANGALORE AT LOW-INTEREST RATE

How Existing Borrowers can reduce their Home Loan Interest Rates

It is a dream of each and every person to purchase the own house and live in the “Dream Home”. The banks, NBFCs, Financial Service Providers and the other lenders are aggressively reducing the interest rates for the home loan to support the customers in order to avail the facility of the home loan as far as new home loan customers are concerned. But, if you are an existing borrower, then here we are giving you some guidelines with the help of which you can also get the benefit of the reduced home loan interest rate. The customers, who have … Continue reading How Existing Borrowers can reduce their Home Loan Interest Rates

PERSONAL LOAN FOR YOUR STARTUP BUSINESS

Funding the startup an aspect of the business where most of the entrepreneurs have to survive through the struggle. While you have just entered the business world you need a lot of funding to survive the initial years. The first option to opt for financing the business for any entrepreneur is bootstrapping. If the bootstrapping doesn’t work out well then banks are the primary source of funding the business in the initial period i.e. business loan. Many of the startup business don’t fall fit for the business loan due to the initial period of their business where they have no … Continue reading PERSONAL LOAN FOR YOUR STARTUP BUSINESS

Business Loans for Retailers:: What You Need to Know

The retailers have to opt for the various small or big loans to manage the business retail outlet. The retailers need to avail the business loans for variety of purpose such as to buy the furniture or fixtures, to purchase the inventory, to maintain the regular cash flow for the business, to maintain the regular functioning of the business etc. However, before applying for the loans, there are certain things which are to be kept in mind as far as the retailer is concerned.  The careful analysis and assessment can reap the real benefits of the business loans for retailers. … Continue reading Business Loans for Retailers:: What You Need to Know

Why HDFC Bank Home Loans are so popular?

Owning some space or a piece of land is a great thing and with the help of HDFC home loans anyone can afford if you have the desire. This bank has tailored loans for salaried and self-employed individuals. This tailor-made approach helps everyone buying a home easier than ever. From low rate of interest to attractive offers, everything is customized for each customer according to their requirements. Apart from helping in owning a house through home loan, the bank also offers technical and legal support, these includes advice from financial experts, financial counseling and so on. All these assistance will help … Continue reading Why HDFC Bank Home Loans are so popular?

Affordable Home Loan from ICICI

When it comes to buying a dream home don’t settle for anything except the best. ICICI bank is offering home loans to ensure you get a chance to build a dream home at affordable rates. In India getting a home loan is not tough, but it is considered that you are lucky if you can get a home loan from ICICI bank. The facilities and benefits offered by this bank is very impressive and it is the very reason every third person who is looking to take home loan prefers ICICI bank. Highlights of ICICI Bank Home Loans are: This … Continue reading Affordable Home Loan from ICICI

How do Banks Calculate Interest on Home Loans?

All who have taken home loan and everyone who is planning to take a home loan in the near future will be keen to know how banks calculate interest on home loans. This piece of article is here with answers for all your questions related to calculating interest on home loans. Equated Monthly Installment (EMI) is the combination of amount which is part of principal loan amount for repayment plus rate of interest on the home loan. Just like basic mathematics, banks use specific formula to calculate rate of interest and EMI on the home loan. This is considered on … Continue reading How do Banks Calculate Interest on Home Loans?

Which bank is best for home loan?

When it comes to buying a home, there is lot of research and investigations involved. Apart from looking for good rate of interest on the home loan, people also look for best bank that is safe, reliable and offers various other facilities. At times, borrowers are fine to spend some extra penny through interest in case if the service offered is excellent. Any time you decide to get into a home loan it is important to keep in mind that this will be mostly the longest debt in your life. Thus it is essential to check each and every aspect … Continue reading Which bank is best for home loan?

Advantages of Axis Bank Personal Loan

UTI bank is also known as Axis bank and this is the third largest private sector bank in India after HDFC and ICICI bank. What makes Axis bank best in India is the exclusive features and facilities offered by the bank to all customers across the country. Axis bank Online loans can be used for multiple purposes. Whether it is to go for a vacation, to renovate the house, for daughter’s dream wedding, personal loan can be easily used. Personal loan details specific to Axis bank: Axis Bank Personal Loan Interest Rate 11.25% – 24.00% Check Best Offers Lowest EMI Rs. … Continue reading Advantages of Axis Bank Personal Loan

BANKS V/S NBFC – WHICH IS BETTER FOR HOME LOAN BALANCE TRANSFER?

Where should I go for my home loan balance transfer, Banks or NBFC? It is one of the questions which makes every borrower in the situation of doubt and throw him into an enigma. When this situation arrives in the home loan balance transfer the borrower should be patient about it and not deal with it like he has to catch his last train which is departing from the station i.e. running. The approach in these matters of home loan is to first break words with your current bank regarding your proposal of lower interest rates and if they disagree … Continue reading BANKS V/S NBFC – WHICH IS BETTER FOR HOME LOAN BALANCE TRANSFER?

THINGS TO KNOW ABOUT HOME LOAN BALANCE TRANSFER

Interest! It is not the only thing a borrower should know while in process of home loan balance transfer. A home loan balance transfer is a process which involves a lot more activities than just saving interests. It involves a set of activities to be conducted before transferring the home loan balance to another bank.  Well, first of all, let us know about home loan balance transfer. The process in which a borrower transfers the home loan balance from one bank to another in exchange for the benefits availed to the borrower by the other bank. Borrowers are hardly aware … Continue reading THINGS TO KNOW ABOUT HOME LOAN BALANCE TRANSFER

Balance Transfer to Reduce Your Home Loan Burden

Living in your own dream home is the dream every person has. The banks such as HDFC Bank, AXIS Bank, ICICI Bank, Kotak Mahindra Bank, Ratnakar Bank and the financial institutions such as Bajaj Finance, Edelweiss Home Loan, Cholamandalam Home Loan etc. have extended their services to provide the home loans to the customers. The home loans are the very important feature of the banks, financial institutions and NBFCs. The home loan is being provided at the affordable interest rates and for the longer duration. The home loan interest rate varies from 8.5% to 9.75%. The customer can assess the … Continue reading Balance Transfer to Reduce Your Home Loan Burden