Home Loans & Mortgages
This category covers everything you need to know about home loans and mortgages in India. From understanding the application process, interest rates, and EMI calculations to exploring prepayment optio
- Home Loan Prepayment vs Balance Transfer — Which is Better? Prepayment is better than balance transfer in most cases because floating rate home loans in India have zero prepayment charges. U…
- Home Loans for First-Time Homebuyers Getting a home loan in India as a first-time buyer is definitely possible with the right preparation. The biggest challenges are s…
- Best Home Loans for Self-Employed HDFC Bank offers the best home loan for self-employed individuals in India due to its specialized income assessment programs for p…
- How to Choose the Right Home Loan Tenure Choose your home loan tenure by matching your monthly affordability with total interest cost. A 20-year tenure with regular prepay…
- How much should your EMI be? Your total EMI for all loans, including your new home loan, should not exceed 40% of your net monthly take-home salary. This rule …
- Home Loans for Senior Citizens Home loans for senior citizens come with shorter tenure, lower LTV, and a near-mandatory co-borrower or insurance. Pensioners can …
- Home Loan EMI vs Rent — Which is Better? Buying wins if the EMI is less than 1.5 times the rent for a similar home and you plan to stay 10+ years. Renting wins if you may …
- Home Loan EMI vs. Full Payment — Which is Smarter? Choosing between a home loan EMI and a full payment depends on your financial situation. Sticking with EMIs preserves your cash fo…
- 6 Things to Check Before Transferring Your Home Loan EMI Before transferring your home loan EMI, you must check the new interest rate and calculate all associated costs, including process…
- Home Loans for Self-Employed Professionals Yes, you can get a home loan as a self-employed professional in India. Lenders will require more documentation to verify your inco…
- Best Home Loan Providers in India The best home loan providers in India fall into PSU banks, private banks, housing finance companies, digital lenders, and co-opera…
- How much home loan do I need for a Rs 50 Lakh property? For a property worth 50 lakh rupees, you can typically get a home loan of up to 40 lakhs. This is based on the Reserve Bank of Ind…
- 5 Things to Check Before Calculating Your Home Loan EMI Before calculating your home loan EMI, check your real sanctioned rate, all processing fees, maximum tenure based on your age, dow…
- Home Loan EMI is Too High? How to Fix It You can fix a high home loan EMI by refinancing to a lender with a lower interest rate, extending your loan tenure to reduce month…
- EMI Calculation Checklist for New Home Buyers Calculating your home loan EMI involves more than just the principal, interest, and tenure. This checklist helps you account for h…
- Prepayment vs Regular EMI: Which Saves More? Prepayment usually saves more than sticking with regular EMI when home loan rates are above eight percent. A standard fifty lakh l…
- Is Home Loan Prepayment Really Worth It? Prepaying your home loan can save you a significant amount in interest and help you become debt-free sooner. However, it may not a…
- Best Banks for Home Loan Balance Transfer A home loan balance transfer lets you switch your existing loan to a new bank offering a lower interest rate, which can save you a…
- Home Loan Top-up Interest Rate Too High? How to Negotiate A high top-up home loan interest rate is often due to increased risk perception by the bank and current market conditions. To nego…
- Should You Prepay Your Home Loan Early? Prepaying your home loan early is a good idea if you want a guaranteed, risk-free return and the peace of mind of being debt-free.…
- Is Home Loan Prepayment Always Beneficial? Home loan prepayment is not always beneficial. While it saves on interest and offers peace of mind, you might get better long-term…
- Home Loan Balance Transfer vs. Refinancing: What's the Difference? A home loan balance transfer involves moving your existing loan to a new lender for a lower interest rate, keeping other terms the…
- Home Loan Prepayment and Tax Benefits: What You Need to Know Prepaying your home loan reduces your future tax benefits because you will pay less interest, lowering the amount you can deduct u…
- Home Loan Prepayment for NRIs: Rules and Benefits NRIs can prepay Home Loans India freely using NRE, NRO, or FCNR funds. Prepayment is a guaranteed, risk-free return equal to your …
- How Many Home Loan Prepayments Can You Make in a Year? For most home loans in India with a floating interest rate, you can make an unlimited number of prepayments in a year. The Reserve…
- The Ultimate Guide to Home Loan Prepayment Strategies Home loan prepayment involves paying back your loan faster than the required schedule, which can save you a huge amount in interes…
- What is the Process for Home Loan Balance Transfer? A home loan balance transfer involves moving your outstanding loan from your current lender to a new one, usually for a lower inte…
- 10 Things to Check Before Claiming Home Loan Tax Benefits Before claiming home loan tax benefits, you must ensure you are the property owner and have the construction completion certificat…
- How to Maximize Your Home Loan Tax Savings Maximize home loan tax savings by claiming deductions under Section 24(b) for interest (up to 2 lakh rupees), Section 80C for prin…
- What is the Tax Benefit on Home Loan Principal Repayment? You can claim a tax deduction of up to 1.5 lakh rupees on your home loan principal repayment under Section 80C of the Income Tax A…
- How to Claim Tax Benefits on Home Loan for Under Construction Property Interest paid on a home loan during construction cannot be claimed in the year of payment. It must be claimed in five equal instal…
- 5 Things to Check Before Applying for a Home Loan Before applying for home loans in India, you must check five key areas to avoid rejection. This includes reviewing your CIBIL scor…
- Home Loans for First-Time Home Buyers Home loans for first-time home buyers in India work as secured loans repaid over 15 to 30 years. Compare interest rate, processing…
- 7 Factors Affecting Home Loan Eligibility Your home loan eligibility is determined by more than just your salary. Key factors that lenders in India assess include your age,…
- Best Home Loans for Women Entrepreneurs Best home loans for women entrepreneurs match income type to lender flexibility. SBI Her Ghar leads on overall rate and reach, HDF…
- Home Loans for Government Employees Government employees in India can get home loans at 25 to 75 basis points below the standard rate, higher LTV, and longer tenure. …
- What is a Home Loan Prepayment? A home loan prepayment is when you pay back a part or all of your home loan earlier than the scheduled date. This action reduces y…
- How to fix issues with your PMAY subsidy application Facing issues with your PMAY subsidy application can be frustrating. You can fix most problems by identifying the specific error o…
- How much subsidy for a 2 BHK flat under PMAY? The subsidy for a 2 BHK flat under PMAY is not based on the number of rooms but on your income category. Under the active EWS/LIG …