A home loan balance transfer is the process of moving an existing home loan to another lender at a reduced interest rate with other benefits
LIC Housing Finance, HDFC and Bajaj Finserv are offering home loan at interest rate in the range of 6.66% to 8.25%
Home loan: A CIBIL score above 750 is the minimum requirement to get your home loan approved without hassles.
Several home loan insurance providers also offer home loans insurance with optional rider plans. It will enhance the cover benefits of basic plans.
RBI Monetary Policy Outcome: The six-member MPC has kept the repo rate steady at 4% with an accommodative stance.
Here are a few factors that you should keep in mind if you are buying a house in your 40s
You’re not alone if you’re in this dilemma. It's certainly a prudent financial decision to pre-pay the home loan at regular intervals.
It is suggested to refinance your loan initially in the tenure if you are getting a good deal from another bank
A smart way to convince the lender about your repayment capacity is to add a co-borrower. This person must have a stable income and good credit score
The best loan offers are reserved for borrowers with credit scores of 750 or more.