Home loans are loans advanced to assist in the purchase of a house or a flat. To be precise, home loans are secured loans where the borrower pledges the house to be purchased as collateral, which then becomes secured debt.…
Buying a house is perhaps one of the longest relationships you will ever be a part of. This is because a home loan in India can be given up to 30 years. Hence, you need a lot of patience and…
Home loan interest rates have dropped below 7% after a very long time. Many who bought a home loan last year or in 2020 might have got it at higher rates. Now, these people can opt for a Home Loan…
When the loan moratorium was announced, people thought it was a miracle. Now they don’t need to repay the loan EMI until 3-6 months. While the world was rejoicing, the news came out that anyone who opted for the moratorium…
As the lockdown resulted in grave economic fallout, we saw Banks and NBFCs slash interest rates on various loan products. One such product is Home loans. Rates have shown a sharp fall to 7.00% and below making Houses affordable and…
Property rates in India – Very High! Standard of Living – Very High! The Income of Indians – Not very high! This is the age-old problem that every Indian goes through when planning to buy a house Opting for a…
Haven’t you dreamt once to own a house? But property rates are too high for your budget? In general, buying a property is a dream for every Indian household. Our elders have saved their whole lives and invested in land…
On August 31st, the 6-month moratorium given by the Reserve Bank of India will end. This moratorium was initially given for 3 months on repayment of loans. It then got a second extension until 31st August 2020. This moratorium gave…
RBI issued a moratorium period since March to provide relief to loan borrowers. This moratorium period initially was for 3 months and got extended for 6 months. This period ends on 31st August 2020. If you opted for a moratorium…
