Is It Good to Take Home Loan to Save Tax in India?
Posted on Wednesday, May 8th, 2024 |
Summary: With features such as flexible tenure and high loan amounts, home loans are ideal for purchasing or constructing a house. Home loans in India also offer borrowers tax savings under the Income Tax Act, 1961. Borrowers can claim tax deductions on the principal repayment, interest repayment, and stamp charges under different sections of the…
Read moreHow Much Home Loan Can You Get Based on Your Salary?
Posted on Tuesday, May 7th, 2024 |
Summary: A home loan is a secure and convenient way to purchase your dream house. To determine your home loan amount, lenders consider your salary and job stability. The amount is also influenced by factors like age, credit score, existing liabilities, and property value. Choose IndusInd Bank for favourable terms to achieve your homeownership dreams…
Read more5 Ways to Reduce Home Loan EMIs
Posted on Saturday, November 25th, 2023 |
There are ways for both new and existing home loan borrowers to reduce their loan EMIs. These include a. choosing a longer repayment tenure b. making a bigger down payment c. negotiating for a lower interest rate d. making prepayments e. opting for home loan balance transfer. IndusInd Bank home loan is marked by a…
Read moreHow is Loan Against Property Different from Home Loan?
Posted on Saturday, July 29th, 2023 |
While a loan against property enables borrowers to use their owned property as collateral for obtaining a loan, a home loan is specifically designed to facilitate the purchase of a new property. When financing a dream home or major expenses, two common options often come to mind: Loan Against Property (LAP) and Home Loan. While…
Read moreWhat are some tips to save money on home loan repayment?
Posted on Thursday, January 12th, 2023 |
Buying a house is one of the biggest aspirations in our lives. For most of us, home loan is the only way to achieve this dream. While availing a home loan does not take as long; repayment of home loan is a lengthy affair – especially if the EMI is low and spread across a…
Read moreShould I pay off my home loan or invest?
Posted on Friday, January 6th, 2023 |
Priyanka bought a new apartment a few years back and availed a home loan to buy her dream house. She now has an additional Rs. 15 lakhs in hand, and is confused if she should use this money to pay off her home loan or invest it. The elders in Priyanka’s family advised her to…
Read moreShould you put your savings onto your Home Loan?
Posted on Monday, January 2nd, 2023 |
Buying a house is one of the biggest financial decisions that we make, therefore it is critical to consider all the factors in play. When you take a home loan to buy a property, you look at the tenure and the interest rates that banks have to offer. But it is equally important to consider…
Read moreCan I get a 90% Home Loan?
Posted on Friday, December 30th, 2022 |
For decades, buying a home has been seen as the hallmark of success and a major life milestone. It’s likely to be the biggest purchase that one makes in their life. But buying your dream home can be a very expensive affair. The residential property prices across 8 major cities of India (Delhi-NCR, Mumbai, Bangalore,…
Read moreEssential Home Loan Factors To Consider Before Choosing Your Lender
Posted on Monday, December 5th, 2022 |
Are you approaching the milestone of purchasing your dream home? Congratulations on deciding on one of the biggest investments of your life. To make it a possibility, you will require substantial financial support and planning. Instead of liquidating fixed deposits or selling off your market holdings, a better idea would be to take a home…
Read moreReasons Why Your Mortgage Applications Get Rejected
Posted on Thursday, September 22nd, 2022 |
Owning a house is a milestone that most aspire to achieve, and the easiest way to get one to your name is to take a home loan. Even though home loans are more accessible than ever, banks still consider many factors before approving a home loan application. If a lender has rejected your home loan,…
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