Category: Home Loan

PMAY- Check Your Eligibility for Pradhan Mantri Awas Yojana

The Pradhan Mantri Awas Yojana was launched in June 2015 by the government of India to provide affordable housing and home loans. It aims to target the economically weaker sections and low-income groups of the society. The government envisions to build affordable ‘pucca’ houses with electricity supply, sanitation, and water facility through this scheme. The scheme was proposed with the intention of transforming the slum areas by building houses in collaboration with private developers for the slum dwellers. Moreover, it

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EMI for Home Loan- How Much You Can Afford? Check Here!

Home loans come with a high amount; which consequently leads to high EMIs. EMIs or Equated Monthly Instalments needs to be paid until the end of the repaid tenure. The biggest question that a customer needs to answer before applying for a home loan is the affordability with regards to its EMIs. Why is it difficult to find out the right EMI for an applicant? Applicants tend to go for a higher loan amount when an ideal property comes along;

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Check Eligibility for Home Loan and Calculate EMI by Online Calculator

Owning a house is not less than a dream come true. However, purchasing a property is easier said than done; given its size of the investment. Contrary to the common misbelief, financial institutions do not provide the whole price of the property. Instead, you have to pay at least 20-30% of the property’s market value from your pocket. So even if you cannot afford the entire price of the house; you will have to acquire a minimum of 20% to

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Eligibility Criteria for HDFC Bank Home Loan Approval, Check Here

HDFC Bank offers home loans to customers which make it easier for people to dream of purchasing their own home. It also provides anHDFC loan calculator to help applicants calculate the EMI. You can check your eligibility through this HDFC Home loan interest calculator as well. But there are certain points that reduce your eligibility of applying for a loan. Here are some of them. 1. Credit score The most significant factor influencing your eligibility criteria is your credit score.

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Housing for All – PMAY – Pradhan Mantri Awas Yojna 2019

Pradhan Mantri Awaas Yojana or PMAY is a government of India initiative which aims to provide affordable housing to the urban poor. Launched in 2015, this scheme targets of building around 20 million houses by March 2022. PMAY has two components; PMAY-U and PMAY-G/ PMAY-R. The former stands for Pradhan Mantri Awaas Yojana (Urban) and is for the urban poor. The latter stands for Pradhan Mantri Awaas Yojana (Gramin) and is for the rural poor. PMAY is converged with other

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Do You Want to check Eligibility for Home Loan ? Check Here for Complete Details

Having one’s own house is something everyone dreams of. But it is a huge investment given the rising price of real estate. However, many financial institutions offer home loans at competitive interest rates that make it easier for you to afford the dream you’ve been harboring. But, every financier lends only 70% to 80% of the total purchase amount. You are required to pay the other 20-30% from your own money as down payment. This poses a major question on

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PMAY – Pradhan Mantri Awas Yojana, Housing for All Scheme

India such a large country having 1.3 billion people, World’s largest democracy. Unfortunately, India still lacks behind in terms of homes available for people according to the global index of having homes. Bread, Clothes & Home are few essentials things of any common individual’s life. When it comes living, these are considered as a must to have things. Bread & Clothes can be arranged easily as far costing is concerned but Home, it is tough to get it for poor

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Features and Benefits of SBI Bank Home Loan

A home loan is a key to happiness for many who dream of a home of their own but are not likely to have enough savings to purchase a house outright. A home loan gives them a means of funding the house with whatever savings they have managed at the point with the option of repaying the amount over a period of time in the form of Equated Monthly Installments (EMI). SBI has various schemes on offer. You can evaluate

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Understand the Merits and Demerits of Availing Home Loan Balance Transfer

To have a home to call one’s own is a human desire. Man lives and works very hard to achieve this dream, but not everyone can save up enough to buy a home outright. Home loans make this dream achievable for everyone. If you can save up some money for your home, the banks and other lending institutions are willing to immediately fund the rest of house for you at low rates of interest and you can repay the amount

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How to Make Best Use of HDFC Home Loan EMI Calculator?

Availing a home loan is the best way to accomplish your dream of owning a house. With too many banks and financial institutions providing home loan options, it is also easy to get one. There are online tools like HDFC home loan EMI calculator, which helps in understanding the liability that one will get into for a particular amount and tenure of this loan. These calculators not only help in understanding how to calculate home loan EMI, but if utilised

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