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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How Much Time Will It Take For A Home Loan To Get Approved?

When we talk about some of the biggest and most important financial commitments of life, then purchasing a home is often always at the top of the list. The majority of people avail the facility of a home loan to fulfil this life-long dream. However, getting a home loan is not a one-day process. It involves a lot of steps, right from sending a home loan application to assessment to...

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Franking and Stamping – What’s The Difference?

In any type of home purchase, whether with your own money or through a home loan, you have to pay certain fees and taxes. For example, loan processing fees or the cost of a technical appraisal of the property by the lender. Other examples of such fees and taxes related to home purchase also include franking or stamping. Are they both the same things? No, not at all. That is just...

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How Much Minimum Down Payment is Required for Home Loan?

The fact that home loans have made life easy for millions of people in India is no understatement. It is a very affordable solution for anyone dreaming of owning a house or investing in a real estate property. Why? Because a home loan lets you pay the property cost in easy-to-manage EMIs. But do you get the entire property cost as a loan from your lender? The answer is no....

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What is The Good CIBIL Score for Home Loan?

When you begin with a home loan process, you must have heard some terms on repeat. The terms such as CIBIL score for a home loan, minimum CIBIL score for a home loan, etc., keep on coming in the home loan process. So, what exactly is a good CIBIL score for a smooth and swift home loan approval? In this article, we have noted everything about the CIBIL score needed for...

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How to Avail Tax Benefits on a Joint Home Loan (3 Possible Ways)

How to Avail Tax Benefits on a Joint Home Loan (3 Possible Ways)

One of the most enticing perks of taking out a housing loan is the ability to save money on taxes. It also aids in the purchase of a fixed asset. If you obtain a home loan, you also become subject to tax benefits under the Income Tax Act Section 24 and Section 80C, 1961. Here, taking a joint home loan also brings many tax benefits to the table. The joint home...

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What Are the Tax Benefits on Home Loans? How to Avail Them?

What Are the Tax Benefits on Home Loans? How to Avail Them?

The government has introduced many benefits to home buyers to ensure that the dream of homeownership is accessible to as many citizens as possible. One of the most significant benefits of owning a home is the tax benefits that come along with it. You can avail of tax benefits by several wise investments done over the years. Among them, tax benefits on home loan are a long-term investment that will give you...

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Everything You Need to Know About Home Loans for Self Employed

Everything You Need to Know About Home Loans for Self Employed

In India, everyone aspires to land a decent job, earn a good salary, or start their own business and fulfil the lifelong dream of becoming a homeowner. Yet, with the rising cost of land and property, owning a home is easier said than done. If you work at a reputed firm and have a good annual salary package, then you can easily get a home loan without much hassle. But...

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