Tips to make your Home Loan Balance Transfer easy

Tips to make your Home Loan Balance Transfer easy

Home loans are long term loans which have a repayment tenure going up to 30 years. During the repayment tenure, you might find another home loan which has a lower rate of interest. Needless to say, a lower interest home loan would be cheaper to repay but can you opt for such home loans? Yes, there is a facility called the balance transfer facility which lets you transfer your outstanding home loan balance from one…

Read More

How a loan can improve your CIBIL score?

CIBIL score is a very important consideration when you are looking to avail credit whether through a loan or a credit card. In fact, your credit score decides whether the lender would allow you a loan or not and if the loan is allowed, what would be the interest charged for the same. If you have a good score you can avail a loan easily and that too at affordable interest rates. That is why…

Read More

Loan Against Property Vs Business Loan: Which is better funding option

A need of fund arises at any point of time in life. Nowadays, we prefer banks and NBFCs to overcome the requirement of funds as they help in meeting the immediate requirement of funds. Different types of loan options are available in the market such as a business loan, loan against property, home loan, personal loan etc and with these various options, it becomes very difficult to choose which type of loan serve you in…

Read More

CLOSING YOUR HOME LOAN? ENSURE THAT YOU COMPLETE THESE IMPORTANT TASKS

CLOSING YOUR HOME LOAN? ENSURE THAT YOU COMPLETE THESE IMPORTANT TASKS

Paying off the home loan is a big relief for many of you as you get free from the burden of regular EMIs and close a big loan. The house becomes debt-free and completely yours and you pay off an important liability. Closing the home loan occurs in two instances. One, when the last EMI is paid. Two, when you prepay the home loan interest rate. Prepayment of the home loan means closing the loan…

Read More