This 75th Independence Day, Get Freedom from Paying Rent

The term “freedom” may have various meanings for different people. Freedom is for some people the capacity to travel anywhere at any time. For others, it can be financial independence. Individual house ownership, in our opinion at PNB Housing, is one of the most significant indicators of such independence. An independently owned home means freedom from the whims of landlords and steadily rising rent. A property is the most valuable financial asset and, if owned, it can add tons of financial security especially for...

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How to Get Home Loan Without ITR or Income Proof?

The process of sanctioning a Home Loan is thorough and detailed. It essentially involves scrutiny of an applicant’s eligibility. That includes evaluating all the essential Home Loan documents required – right from KYC documents to income proof, income tax returns, credit reports and property documents. Since all these documents help the financial institutions verify an applicant’s creditworthiness,  they evaluate how much of a risk it is to sanction a Home Loan...

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What is CIBIL Score & How Does it work?

‘CIBIL Score’ or credit score becomes extremely important when assessing home loan eligibility or taking any other form of a loan. Applicants must check their score and figure out if it is above a certain number to understand their eligibility, the likely ROI they will be charged and plan their loan accordingly. To the unaware, a CIBIL score might sound like marks obtained in an important professional examination. But that...

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Here’s Why You Should Opt For Instant Home Loan Top-Up

Buying a home in this modern world is a dream for many individuals. With tremendous hard work of finalising the best property and proper financial planning, people apply for Home Loans to make this dream a reality.  The home buyer begins repaying the loan amount in equal monthly instalments (EMI) after making a down payment. Despite having a home loan, individuals could require more funds in some circumstances. In such a...

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Everything You Need to Know About Term Deposit

New investors are flocking to Term Deposits, also called fixed deposits, which has long been known as a safe investment choice. While opening a Term Deposit is virtually simple, there are a few things to consider.  Today’s blog has everything you require to understand Term Deposit, including its types, features, etc.  What is a Term Deposit? A Term Deposit, also called Fixed Deposit (FD), is a deposit provided by NBFCs...

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Everything You Need To Know About Processing Fees For Home Loan

The acquisition of a home is a milestone in every individual’s life. To purchase a home, many times an individual uses financial assistance from a lender, this particular type of loan is known as a Home loan.  As a part of the Home Loan process, Financial institutions or banks carry out tasks like document verification, pre-sanction inspection, legal operations, etc. for which they charge a certain fee. This fee is...

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What is Repo Rate & How Does It Impact Home Loan Borrowers?

Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation. How Does Repo Rate work?  Repo rates are one of the most critical tools that any central bank has in its kitty through which it exercises...

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How Much Home Loan Can I Get on 40,000 Salary?

Today’s article will discuss what portion of your salary is considered when determining eligibility, what factors impact your eligibility, and how simple it is to apply for a house loan. Purchasing a home throughout one’s lifetime is regarded as a crucial step toward obtaining the status of ‘being settled’, particularly in Indian culture. However, with property prices out of reach for the employed people, this goal can only be realized...

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What is a Home Loan Top Up?

It is normal to take out a loan when one needs money. However, if you already have a house loan, a top-up home loan, which is a loan obtained on top of your current home loan, is frequently the best option. While you can take out a different loan, for example, a personal loan, the conditions may be more expensive, and the application process may take longer. In addition, compared...

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Can I Get Home Loan at Zero Down Payment?

With so many different home loan options available today, the dream of purchasing or constructing a home for many is no longer a distant one. Interest rates have also dropped dramatically over the years, with lenders like us at PNB Housing offering competitive home loan interest rates. However, most lenders lend up to a maximum of 90% of your property’s worth. This has been mandated by the Reserve Bank of...

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