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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 …

Gone are the days when parents expected their children to become their old age stick and be a part of their lives in their old age. And also with changing goals and aspirations children also want to move out of their comfort zone to achieve big in their lives. But, to achieve this so-called “big” …

We all borrow money from our friends, family, relatives or we reach out to Banks/ NBFC’S for funds in the form of a loan. When we borrow from Bank/NBFC we are supposed to repay the debt as EMIs. These EMIs consist of the principal amount as well as the interest part. But what if you …

We all are very well aware of the fact that to borrow a loan from a Bank/ Nbfc or any other financial institution there are certain rules that has to be followed by everyone. Even the lenders have certain policies which they cannot abide, not even for a small amount. Checking a credit score is …

Turnover means how much you earn throughout the year. These earnings are not calculated only on the basis of money but also on the other assets of the business. Other than the building, equipment and the fixtures installed in the premises there are certain other assets that a business owns and must be disposed or …

There are people who are unable to arrange the funds for their down payment and there are people who are blessed to pay for their homes in full in cash. Finding a right property that fits in our budget, further bank and its paperwork and EMI’s for the repayment of the loan seems to be …

Every one of us has a dream of owning a home to provide a sense of security to our family in the form of an asset as well as a memory to our next generation. With rising economy, the prices of properties are also growing. Due to these rising rates and decreasing lending rates, we …

It’s a great challenge to borrow a home loan without a proper guidance. Though various options are available in the market and the borrower can easily go through them via internet. Even after getting the complete information about the basic criteria to borrow, there can be some misleading statements that can misguide or confuse the …

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