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Circumstances that can impact your EMI
EMI stands for equated monthly installments, while signing your loan agreement form you would be getting a detailed repayment schedule from the bank that would reflect your monthly payments towards the bank. However, your emi would change with period of … Continue reading
How to reduce interest burden on your home loan
Home loan emi is one of the largest burdens on a borrower of a home loan. After paying your home loan emi, you are not left with any surplus funds to invest in other investment options. Power of compounding works … Continue reading
Factors that affects your loan against property tenure
Apart from rate of interest and monthly installments (EMI), tenure of a loan is the most important factor considered by a borrower before opting for a loan against property from a bank or financial institution. Most of the banks consider … Continue reading
What are the costs of taking a home loan?
Q1. What are principal costs? Ans. Principal Amount is the loan amount which the borrower takes from the lender. The most extrusive cost is the principle, but it can’t be actually considered as a cost of the loan. Meanwhile, if … Continue reading
What should be done as a borrower after an EMI default?
Q1. What is the protection given to the lenders if the borrower defaults an EMI payment? Ans. Each time a bank issues a loan, there is always the possibility that the borrower may default his payments. In order to protect … Continue reading
Things that affect your cibil range
Credit score cibil range is a very important data that is looked by each and every bank before finalizing any loan amount for any applicant. Cibil score range is prepared by CIBIL (Credit information bureau of India limited) by analyzing … Continue reading
Cibil rating and your loan EMI
Interest rate on a loan is one of the most important factors considered by an applicant before going ahead with loan proposals. Every borrower wants to get a loan on lower rate of interest that will reduce his EMI that he … Continue reading
FAQ on Lal Dora certificate
Lal Dora lands are one of the most historical and important pieces of land in Delhi-NCR. The term “Lal Dora” was first used in 1908. It is used to denote that piece of land , which was part of the … Continue reading
5 Tips to Improve your cibil score
In the changing investment scenario, having a high credit score is essential. In a time when everything is being bought on EMI, or, requires you to take a loan, a higher cibil score range can substantially increase your creditworthiness and hence … Continue reading
How to plan your cibil credit score?
What is meant by cibil credit score? How is it calculated? A cibil credit score ranges from 300 to 900 and is the three digit numeric representation of a borrower’s credit history. The score is calculated using advanced analytics, and … Continue reading