A Notice of Intimation (NOI) is an essential legal document filed during the process of availing a home loan. It serves as a formal notice to the sub-registrar’s office about the mortgage of the property to the lender, thereby securing the loan. In India, filing an NOI has become mandatory under Section 89B of the […]
Notice of Intimation (NOI) for Home Loan: Documents, Process, and Importance Read More »
Introduction In India, buying a home is a significant milestone, often requiring substantial financial investment. To make home ownership more accessible, various types of home loans are available to cater to diverse needs. Understanding the types of home loans, their eligibility criteria, and interest rates can help you make an informed decision. This blog will
Types of Home Loans in India – Eligibility & Interest Rates Read More »
Navigating the intricacies of tax deductions can be challenging, especially when it comes to home loans. Section 80EEA of the Income Tax Act offers specific benefits to individuals taking out home loans. Understanding this section’s details, eligibility criteria, and limits can help you make the most of these tax benefits. Here’s a comprehensive guide to
Section 80EEA – Deduction Limit, Eligibility & Tax Benefits on Home Loan Read More »
Did you know that the average home loan processing fee can be as much as 1% of the loan amount? For a loan of ₹50 lakh, that’s ₹50,000 right out of your pocket before you even start making your home loan payments. Luckily, many lenders are now offering nil processing fees for home loans, significantly
Benefits of Nil Processing Fees for Home Loan Seekers Read More »
Securing a home loan is often a significant milestone in one’s life, marking a step towards realizing the dream of owning a home. Among the various options available, opting for a home loan from a government bank can offer distinct advantages. Let’s delve into what makes this choice appealing and why it might be the
Home Loan from Government Bank – Understanding the Benefits Read More »
In today’s financial landscape, qualifying for a home loan can be complex, particularly for those who earn their income in cash. While traditional employment and salaried jobs provide clear documentation for lenders, cash income presents unique challenges. However, securing a home loan for cash income is achievable with the right strategies and preparation. This guide
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When you purchase a home, you can take out two types of insurance policies: home insurance and home loan insurance. While both provide financial protection, they serve different purposes. In this blog post, we’ll explore the differences between home and home loan insurance, their benefits, and how to choose the best home loan service in
Difference between Home Insurance Vs Home Loan Insurance Read More »
Purchasing a home is one of the most significant milestones in a person’s life, often requiring substantial financial assistance in the form of a home loan. However, the process can be more complex when it comes to properties under a General Power of Attorney (GPA). This blog aims to demystify the steps and requirements involved
Home loan for GPA property Read More »