by Vidya Kumar | Apr 23, 2013 | Home loan, loan, Smitha Hari
A home loan is probably the largest and the longest debt of your life. Nowadays, the concept of joint home loans is becoming popular. So what is a joint home loan? Simply put, a joint home loan is a home loan where there is more than one borrower. Usually a joint home...
by Vidya Kumar | Mar 8, 2013 | Home loan, Smitha Hari
With the Reserve Bank of India likely to reduce key interest rates, it is expected that banks will follow suit, resulting in a drop in home loan interest rates. This may be the best time for you to consider shifting your home loan to a bank which is quoting a lower...
by Vidya Kumar | Jan 31, 2013 | Home loan, loan
If you would know the value of money try to borrow some…Benjamin Franklin A home loan is an amount lent by a bank/financial institution to you so that you can buy your dream home. The house you purchase will be the security for the loan. The ownership deed will...
by Vidya Kumar | Dec 24, 2012 | Home loan, Smitha Hari
A home loan can be the biggest debt in your life. This is because, in addition to the huge principal repayment you make, the long tenure results in a substantial interest outflow. A home loan of Rs. 30 lakhs at 10% interest rate over a period of 20 years will require...
by Vidya Kumar | Nov 17, 2012 | Home loan, insurance, Risk management
While deciding to buy a home, most of you would opt for a home loan. You risk profile increases greatly when you take a home loan, as it is one of the longest debts in your life, requiring a long term commitment. Let’s see how home loan insurance reduces this...
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