Category: Home Loan

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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How to Decide an Ideal Home Loan Tenure &EMIs?

Most of the people are aware of the tool called housing loan EMI calculator, which helps in getting the EMI amount one needs to pay. This is based on the amount of loan taken, the tenure of the loan and the prevailing interest rates on the home loan. As interest rates are at the discretion of the lending agencies, it’s only the tenure and the amount of loan that one can play with. One would like to use the housing

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Build Your Dream Home with HDFC Housing Loan Facility

Settling down in life is synonymous to many things. For some, it could mean getting a job, while for others it could be having a home of their own. Others might want to add a car to the wish list. We keep trying to settle down and things keep getting added to the list. Even so, owning a house is a milestone everyone wants to achieve in their life. It is a place to call your own, a place where

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Tips to Manage Your Home Loan EMI’s in an Efficient Manner

Getting a loan for your dream home is not a tough job if you have the savings for a down payment and a good credit score. A substantial income can also get you a decent amount as loan. But, when it comes to the repayment of the loan through EMIs, it can become tricky. You can calculate the EMIs using a home loan EMI calculator and pay these meticulously and in an organized manner for a long time. So, you can

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