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Ayush Mishra38 minutes ago copy link You have some extra money and want to foreclose or pre-pay the home loan. But, before making pre-payment it would be better to consider all the aspects related to it. It is possible that by investing that amount you may get more benefits than the benefits received from pre-payment….
If the land papers are in your mother’s or grandmother’s name, the bank may refuse to grant the loan solely on your name. (News18 Hindi) According to property expert Pradeep Mishra, in such cases, it is advisable to apply for the loan with your grandmother or mother as the co-applicant Building a house or renovating…
Fixed Interest Rate Regime for Home Loans Vs Floating Regime. Given the current inflationary pressures and the prolonged period without rate cuts, a rate cut is anticipated by the end of the year. Therefore, opting for a floating rate at this time could be more advantageous. I have a home loan of Rs 50 lakh…
Home Loan Tips: Buying and owning a home is a dream of many. People often use their savings clubbed with a loan to purchase their home. However, home loans are not always cheaper if someone pays for a tenure of 15 or 20 years, the amount almost gets doubled due to the high-interest payments. Saving…
Do You Want to Foreclose Your Home Loan? Know This. When considering foreclosure, you will end up saving a significant amount in interest; however, you will have to manage a large sum immediately to manage foreclosure. I have a home loan of Rs 55,00,000 at an interest rate of 9.5 per cent, originally taken for…