Home loans are a significant financial commitment, and the interest rate you pay on your loan can have a substantial impact on your overall expenses. In India, where home loan interest rates are typically higher than in other developed countries, finding ways to reduce your interest rate can save you a considerable amount of money over the life of your loan.… Read more

When it comes to home loans, banks often exhibit a preference for salaried borrowers over self-employed individuals. This preference stems from a combination of factors that influence the bank’s assessment of creditworthiness and risk management. Let’s delve into the underlying reasons behind this preference.… Read more

A nonperforming asset is a category of loans or advances that have defaulted or are in arrears. … Read more

Purchasing a home is a significant milestone, but for self-employed individuals in India, securing a home loan can be a complex process. Unlike salaried individuals, the income of self-employed professionals and business owners tends to be less predictable. However, with a clear understanding of the home loan process and the eligibility criteria tailored to self-employed individuals, homeownership can still be within reach. In this blog, we’ll walk you through the key steps and considerations in securing a home loan if you are self-employed.… Read more

Buying a home is a significant milestone in one’s life, and in a diverse country like India, it often involves choices between purchasing an existing property or constructing a new one. To finance these different paths, individuals typically consider two types of loans: home loans and home construction loans. While both serve the purpose of owning a home, they are distinct in terms of their application, disbursal, and usage. In this blog, we’ll delve into the key differences between home loans and home construction loans in India.… Read more

Purchasing a home is a significant milestone in one’s life, and for most people, it requires securing a home loan. When you take out a home loan, there are several documents and processes involved. One crucial document that borrowers should be aware of is the “Notice of Intimation for Home Loan.” In this blog post, we will explore what this notice entails, why it is important, and how it impacts your home loan journey.… Read more

Can you acquire a business loan if you want to operate your company in a rented space? The answer is a loud ‘yes,’ because the likelihood of securing the loan depends on various variables other than whether or not you own your premises. Nowadays, you can quickly apply for loans online and submit all of your paperwork, which results in quick approvals and administration.… Read more

The Reserve Bank of India (RBI) may raise its benchmark lending rate again in April 2023, after inflation stayed much over its acceptable limit in February 2023. The next fiscal policy meeting of the RBI MPC is set for April 6, 2023.… Read more