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Margin Money in Home Loan

A certain sum of amount which the borrower deposits initially, to either the bank or a non-banking finance company from whom they are trying to obtain a home loan is called as the Margin money. Lenders treat the contribution of The margin money for a home loan from a borrower is accepted as a sign …

9 Rules to Follow Before Applying for a Personal Loan

Technology has changed the face of loan application process. Advertisements online and on various media offers easy loans at the quickest disbursal. But one has to be wary of and not fall into this trap. Here are the 9 Excellent Rules to follow when taking a Personal Loan Limit your borrowing to your requirements – …

Financial Planning in your Forties

“Too many people spend money they have not earned, to buy things they do not want, to impress people they do not like “– Will Smith. Every phase of life comes with different sets of financial challenges and opportunities. The twenties, is most carefree time of your life where financial planning is never in the …

A Brief on Capital Gain Tax

Any profit or gain that emerges from the sale of a ‘capital asset’ which can be either property or any investment, is called as capital gain. This gain or profit falls under the category of income, so you will have to pay tax for that amount in the year in which the transfer of the …

An overview on Pre payment of Home loan

Generally, Home loan is offered for long tenure and a larger amount. It is a huge financial burden for the borrower and if it is not planned appropriately, it will lead to great financial burden and debt. Repayment plan of the home loan can lead to financial benefits to the borrower by reducing the interest …

Planning on Applying for Home Loan with a Co-Borrower?

People are rapidly applying and benefiting from Home loans. There has been a tremendous rise in home loan applications in recent years. Many borrowers prefer applying for a joint loan as they can avail various benefits, such as a higher loan amount, income tax rebates, better credit scores, etc. When applying for a joint loan, …

7 Options for Home Loan Repayment

Banks and NBFCs offer many customized repayment options to suit the borrower’s loan requirements. Some provide flexibility in repaying the loan, others are linked to the stages of the house construction. If carefully planned, these can increase the repayment capacity of the borrower along with tax benefits. Check Loans online before you take any decision. …

6 ways to increase Credit Score after Loan Settlement

The most important step you should take to improve your credit score is by paying down the balances for all your accounts. This would steadily improve your credit score and your creditworthiness. Any uncommon or unknown situation like a medical emergency or a financial crisis, which brings in extra expenditure is still your responsibility. You …

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