Example: Amit Kumar, a 27 year old works in an MNC. He has been house hunting since the past few months. Recently he finalized on a house which costs around 40 lakhs. He has enough savings for a home loan…
When you plan to purchase your dream home, taking a home loan automatically becomes an important decision. Factors like size of the property, area, city, pricing etc are weighed by the person. However the decision of taking a home loan…
Home loan prepayment is defined as early repayment done by borrower. A person can either do in part or full repayment of home loan. The reason is to lower the interest burden or to clear the loan all at once.…
There are many types of home loan repayments. We at Ruloans want to create awareness among the audience so they can decide the repayment type as per their needs. In the post “Step up and Step down Repayment Plan for…
A home loan is a long term relationship between the borrower and lender. Due to it being a secured loan type, the lender offers customized repayment solutions which can help reduce EMI burden off the borrower. There are many flexible…
Rainy season takes the summer heat away and brings the much needed pleasant weather for everyone. Mostly people don’t prefer to walk out and roam around often during the monsoons. One other thing that also doesn’t take place is people…
Availing a home loan in itself is a long process. Ask anyone who has opted for a home loan and you would know that there is a lot of paperwork and the process takes more time. When all ends well,…
A home loan is considered as a long term loan as these can go around 5-20 years depending on many factors such as a high loan amount, higher rate of interest and lower EMI options. It is considered good if…
Buying a home is one of the biggest dreams that exist in Indians. For us, it’s a matter of pride and prestige to call it as “our own home”. Buy vs. Rent doesn’t stand a chance as most of us…
A home loan can be availed with a suitable credit score and many other requirements. Below listed are few criteria which need to be fulfilled in order to get a loan. The list can be more or less depending from…
