We come across the term debit regularly in our daily lives, particularly when dealing with monetary transfers or banking activities. Even our ATM card, which we use to withdraw currency and pay bills, is known as a debit card. So, what does the term debit mean, and how does it apply in the world of […]
Category Archives: Home loan / Finance
Margin Money in Home Loans
Tags: Home LoanReal Estate
Applying for a home loan is one of the most effective ways to determine the price range for your dream home. In India, most financial institutions would grant a mortgage for up to 80% of the value of the property. In some situations, if you have a present relationship with the lender, you may be […]
How to utilize your provident fund to help you buy a house
Tags: Home LoanReal Estate
The Provident Fund (PF) steadiness may be a fantastic avenue for a salaried character looking to purchase assets to raise funds. According to the PF withdrawal laws for asset purchases, you can withdraw up to ninety percent of your PF balance for the purchase of a home or the construction of a home on land. […]
Should I pay off my mortgage early or invest the money elsewhere?
If an individual applies for a house loan, he normally examines his present earnings and files for the loan that is appropriate for him. Nevertheless, if the borrower’s business increases, she or he is more likely to accumulate a surplus.
What’s the difference between a bank rate and a repo rate?
Tags: Home LoanReal Estate
Home purchasers are frequently informed on how the Reserve Bank of India’s (RBI) repo rate drop may affect home loan interest rates. Whenever the banking regulator lowers the bank rate, they can hear precisely the same thing spoken. It might cause people to mix up the phrases bank rate and repo rate.
How can someone with a poor CIBIL score acquire a home loan?
Tags: Home LoanReal Estate
Your CIBIL score is an important factor in evaluating whether or not a bank would lend to you.
What Exactly Is a Lien?
Tags: Real Estate
Lending money is dangerous, hence why lenders frequently safeguard their investments using liens, which are legal documents that enable lenders to reclaim a piece of property if the borrower fails to repay the loan. If the lender secured the loan with a lien, you are unable to make your monthly payments, and the lender has […]
The RBI maintains repo and reverses repo rates at their current levels
Tags: Real Estate
The Reserve Bank of India (RBI) has decided to keep the repo rate at 4% for the eleventh time in a row, and the reverse repo rate at 3.35 percent, in order to continue its accommodating policy stance.
Everything to know about CERSAI
Tags: Real Estate
Purchasing a residence is a highly costly endeavor. It takes several thousand, if no longer crores, to become a household proprietor in today’s day and age. If buying a home wasn’t expensive enough, most buyers must rely on domestic loans to complete the transaction.
Is a Home Loan Moratorium the Best Option?
Tags: Loan Moratorium
We’ve all known of a ‘home loan moratorium,’ or a ‘loan moratorium,’ as the case may be.
