Atul Monga
Contributor
Advisor
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Home Loan With Overdraft Facility: Meaning & Benefits
What is Home Loan with Overdraft Facility A home loan overdraft is the same as the overdraft limit on the current or savings account where the borrowers can deposit an advance or extra funds. In the case of a home... -
Rising Interest Rates: How To Manage Your Home Loan
The Reserve Bank of India (RBI), in its last monetary policy review on Dec. 7, increased the repo rate by 35 basis points to combat persistent inflation and control the volatility of the rupee. The repo rate is the rate... -
5 Simple Ways To Pay Off Your Home Loan Early
When you think of the word “home loan”, the image that probably comes to your mind is living above your means and repayment woes. But a loan doesn’t have to be something you can’t afford; it can also be an... -
How Repo Rate Increase Impacts Home Loan Borrowers
The current interest rate environment is one of the toughest for borrowers in recent times. Recent increases in the repo rate by the Reserve Bank of India (RBI) have surprised several investors. Although the move is intended to control inflation,... -
How To Get The Best Interest Rate On Your Home Loan
When you’re buying a home, the home loan process can feel like big complex numbers. But in reality, it’s pretty straightforward. Getting the right mortgage, qualifying for a loan, and selecting the right type of financing are just some of... -
Why Should You Refinance A Home Loan?
Should you refinance your home? While this is a personal decision, it often makes sense to get the best mortgage. Refinancing is not a “one-size-fits-all” solution, but with some careful consideration, you can make an informed decision. One of the... -
APR Vs. Interest Rate: What’s The Difference?
When you apply for a home loan or any loan, the terminologies used to describe different types of interest rates may leave you perplexed. Some common questions around what an annual percentage rate (APR) means, how interest rates are calculated,... -
Home Loan Tips For Self-Employed And Freelancers
With the emergence of the burgeoning gig economy thanks to the thriving start-up culture, freelancing has become a serious career choice of late, especially for people who don’t want to be boxed in a typical nine-to-five corporate job. While some... -
Bank Or Housing Finance Company: Which One Should You Choose For Your Home Loan
For everyone, the first choice that comes to mind when looking to finance their home purchase are loans from commercial banks. However, along with banks, there are other options to finance your home loan. Over the past decade, the sector... -
How To Improve Home Loan Eligibility After Rejection
Home loan often have a long tenure nudging lenders to follow robust discipline. They satisfy themselves with a guarantee that the money lent will be repaid without complications. If the lender is not satisfied, they have the right to reject... -
Pradhan Mantri Awas Yojana: What It Is And How To Avail Home Subsidy Under PMAY
The Indian Government’s flagship program, Pradhan Mantri Awas Yojana, widely known as PMAY, was launched in June 2015 with the aim to fuel the concept of “Housing for All”. The scheme works towards making life better for homeless people in... -
What is Loan-to-Value In A Home Loan?
The initial down payment for a house is one of the biggest concerns for a homebuyer. Even paying a small percentage of the property’s value can have a huge impact on your borrowing power and the overall loan cost. The... -
When Should You Balance Transfer Your Home Loan?
A home loan balance transfer is the process of transferring an existing home loan to another lender at a lower rate of interest and other benefits. It is quite similar to availing a new home loan. When a borrower makes... -
Floating Vs Fixed Interest Rate: What Works For Your Home Finance?
Financing a home can be a tedious and long-drawn process to homebuyers. To make an ideal choice, thorough knowledge about which kind of interest rates regime suits your need is important. Your two financing options are fixed interest rate and...