Financial Innovation in credit products is the order of the day. Recently, I came across Bajaj Housing Finance myEMI home loan product. How is this product different from existing home loan products? Let’s find out. Bajaj Housing Finance myEMI Home Loan Product Under this product, you can choose your EMI subject to the following conditions.… Continue Reading
The loan amount is already decided. You do not control the interest rate. The only aspects where you have discretion are: Loan Tenure Pre-EMI or Full EMI Regular home loan scheme OR Home-saver loans (such as SBI Maxgain) #1 Choosing the Loan Tenure We have this tendency to close the home loans as soon as… Continue Reading
Standard Chartered Bank recently introduced an interest-only home loan product. Well, no loan gets repaid if you just keep paying the interest. Therefore, in this product, you do not need to repay any principal for a few years. The regular EMI starts on the completion of principal moratorium period. In this post, let us discuss… Continue Reading
It is a new year and it is raining new home loan schemes. LIC Housing Finance has launched 2 new home loan schemes in January 2020, “Pay when you stay” and “6 EMI waiver”. In this post, let’s find out about these schemes in detail. LIC Housing Finance: Pay When You Stay Home Loan Applicable… Continue Reading
For most young professionals, buying a house tops the list of priorities. Even those who do not believe real estate makes for a good investment, do not have second thoughts about purchasing a house to stay in. Not only does it give you the comfort of living in own house, it also provides financial security… Continue Reading
When we book an under-construction property, the only outcome that we think of is getting possession of the property in a few years as promised. You either plan to set up your home there or bet that the price will go up quickly. Have you planned for any other eventualities? Likely not. In other words,… Continue Reading