How to Increase Your Home Loan Eligibility?

You have applied for a home loan but you are worried that you may not get the requisite amount. In an earlier post, I had discussed aspects that the banks consider while calculating your loan eligibility. In this post, let’s use the findings of the aforesaid post and see how you can increase your loan… Continue Reading

What Are Step-down Home Loans?

With how much it costs to purchase a house these days, it is not easy for most people to purchase a house outright. Many of us have to take a home loan if we want to purchase our dream house. On our website, we have discussed interesting home loan products. One of those products is… Continue Reading

What Is the Ideal Age to Take a Home Loan?

Most of us don’t have the luxury to purchase a house without a home loan. So, if you plan to purchase a house, you have to take a home loan at some point during your working years. A question that may cross your mind, “What is the ideal age to take a home loan?” Should… Continue Reading

Loan against Car from HDFC Bank

We have discussed several ways of raising funds in times of need. We have talked about many other ways of raising quick funds such salary loans, personal loans, gold loans, loan against securities or mutual funds. In this post, let’s look at another way of raising funds in times of need — Loan Against Car. I am not… Continue Reading

Should You Opt for a Reverse Mortgage Loan?

A Reverse Mortgage Loan (RML) can provide a useful income stream for senior citizens during their retirement. You can monetize your residential property and generate income while continuing to retain the ownership so long as you are alive. I have discussed Reverse Mortgage loans in detail in another post. In this post, I will look… Continue Reading

SBI Loan against Property (SBI LAP)

In an earlier post on Loan against Property, we had discussed the product in detail. In this post, we look at Loan against property product from State Bank of India. SBI Loan against Property (SBI LAP): Salient Features Loan amount up to Rs 7.5 crores Loan Tenure of up to 15 years Loans extended against… Continue Reading

All You Need to Know about Plot Loans

You don’t like apartment life. You want to construct your house on a small piece of land and live there peacefully. Another reason for such a choice could be that you are not getting quality apartments in the city where you want to stay. And this can be a problem in smaller cities. The issue… Continue Reading

All You Need to Know about DHFL New Home Loan

In this post, let’s look at New Home Loan product from DHFL (Dewan Housing Finance Limited). At the outset, I must concede that there is nothing special about this product. It is a plain vanilla home loan product. As simple as it gets. There is no fancy feature in this product that requires a deeper… Continue Reading

What to Do If Interest Rates Continue to Rise?

SBI has increased its MCLR (Marginal Cost of Funds based lending rate) multiple times (1, 2, 3) in the recent months. MCLR is the benchmark for floating rate loans. Therefore, if you have borrowed from SBI, your loan interest rate would have already gone up in the recent months. Never a happy situation for the… Continue Reading

How Much Loan Can I Get?

If you fancy making asset purchases on credit, you would want to be aware how much loan amount you can get. I am not talking about minor purchases where you can simply swipe your credit card. Once the credit card is approved, you can use your card, subject to credit limit, wherever you want. The bank… Continue Reading