Have you ever considered using a paperless procedure to obtain a house loan? If not, then this can become a possibility now. With digitalisation, various crucial papers, such as credit score and borrowers’ data, have made the system transparent. Further digitization of paperwork might pave way for hundred percent paperless financing for house loans. we provides further information.… Read more
Realtors anticipate a positive influence on house demand from rising home loan rates!
Tags: Home Loan
According to the real estate sector, the RBI’s decision to increase the repo charge may have a little short-term impact on housing demand and a potential increase in home loan interest rates. Many developers predicted an increase in house costs due to rising financing costs for builders. In response to concerns about inflation, the RBI increased the Repo charge by 35 foundation factors on Wednesday.… Read more
A Brief roadmap for RBI repo rate rises in 2022!
Following recurrent inflationary shocks wreaking havoc on the economy, the top bank has abandoned the COVID-supporting measures. As a result, lending rates have returned to pre-pandemic levels.… Read more
A guide to home loan refinance!
1. Determine if you need to refinance.
There are various reasons to consider refinancing, from receiving a higher interest rate to remodeling or expanding, from buying an investment property to debt consolidation. However, you should always determine whether refinancing makes financial sense before deciding to negotiate with a new lender.… Read more
As banks raise lending rates, home loans become more expensive.
Tags: Home LoanReal Estate
The Reserve Bank of India (RBI) announced repeated upward adjustments to the repo rate – the rate at which it loans money to banks – in 2022. Not surprise, the present repo rate is 5.4 percent after three revisions this year since April 2022. Such similar increase is on the way to counteract inflation. This time, the RBI may raise the repo rate by 35-50 basis points, bringing it to around 6%.… Read more
What happens when customers cancel bookings due to project disruptions?
Tags: Home LoanReal Estate
What is the most likely situation if a buyer cancels his flat reservations owing to a delay in project completion? Will he be repaid in full? If so, what about the bank loan he obtained for this purchase? The Karnataka High Court’s most recent decision resolves some of these questions.… Read more
All about applying for Home credit loans!
Another reason someone could need immediate money is to buy anything like a new phone, a dream vacation, a few expensive goods for their home, or something else. A private mortgage can be useful in such circumstances. If your urgent need can be satisfied with less than INR 2,40,000, a private mortgage through Home Credit is available with a reasonable hobby fee. Customized private loans are provided by Home Credit India Financing Pvt. Ltd., a non-banking finance organization.… Read more
How does the home loan application process?
Meanwhile, millions of urban Indians utilise housing loans to purchase the homes of their aspirations. However, not everyone is acquainted with the home loan process. As a consequence, many loan applications are denied, or borrowers discover themselves in a tricky position because they are still unable to repay their commitments.… Read more
Everything you need to know about home renovation loans!
Every house is a reflection of the owner’s character. The majority of homeowners prefer to repair their houses to improve their quality of life, be it for holidays or even other special events. House renovations can indeed be costly; thus, obtaining a personal loan to do so is always a wise decision.… Read more
Your 2022 house loan prepayment guide
Many people explore different ways to reduce or eliminate their debt. One approach that is fairly popular among borrowers is repaying the loan in part or whole before the complete duration of the loan. Although it may assist you in getting out of debt, it can also result in large savings over what you would have paid in interest normally.… Read more
