Planning to buy a house? Have you calculated your home loan eligibility and how much down payment you would need to fund your house? One of our subscribers had asked us to give some tips on how to raise money for down payment. In this article, we explain all aspects of down payment and give

Do you know: All Banks and Financial Institutions check your Credit Score before approving any loan to you? Higher your Credit Score, higher are the chances of loan approval? 90% of new loans sanctioned are to individuals with a credit score of 700 and higher? How to check CIBIL Score (Credit Score)? Well more than

Looking to buy a house? You would need to take care of two major aspects – home search and arranging finances. Both of these processes require substantial time and efforts. If finances can be arranged beforehand, you can focus your time and energy on home search. A Pre-Approved Home Loan is a good option to

Prepayment of home loan can be beneficial to home loan borrowers. But before jumping on it, you should know your “why”? Why do you want to prepay your home loan? It is a myth that all loans are bad. Home loan in particular can be a good form of debt if handled properly. While on

If you are planning to purchase an under construction house with the help of a home loan, you would come across terms such as Pre EMI, Pre EMI interest, EMI under construction, moratorium period etc. For an under-construction property, the most preferable payment plan is construction linked plan in which the bank would disburse loan

Moratorium Period is a term you will often hear about in relation to loans, especially education loans and home loans. But sometimes it gets confusing for a common man to understand the concept and make full use of it. In this article, we will first understand what is moratorium period & capitalization of interest and