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
40 articles- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 6 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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.... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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 min read
- Best Home Loans for Salaried Employees The best home loans for salaried employees in India are from SBI, HDFC, ICICI, LIC Housing, and Bajaj Housing Finance. SBI ranks f... 5 min read
- 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... 5 min read
- 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... 5 min read
- 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,... 5 min read
- 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... 5 min read
- 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.... 6 min read
- 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... 5 min read
- 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... 5 min read
- 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... 5 min read