Low CIBIL Score and Need a Home Loan? Tips to Get a Home Loan with Low CIBIL Score
How to Get a Loan with a Low CIBIL Score? Having a low CIBIL score can be a significant obstacle when it comes to getting approval for a home loan in India. Lenders consider the creditworthiness of the applicant, which is represented by their CIBIL score, as one of the most crucial factors in assessing […]
What are Repo Rate and Its Effects on Home Loans?
Overview The Repo Rate for Home Loans refers to the interest rate at which banks borrow funds from the central bank, usually the Reserve Bank of India, to maintain their liquidity. When the repo rate is high, it becomes difficult and expensive for banks to borrow money from the central bank. As a result, they […]
Ideal Home Loan Tenure–10/20/30 years – Aspects and Things to Know
Overview When it comes to taking out a home loan, one of the most important decisions you’ll have to make is choosing the ideal Home Loan Tenure. This refers to the length of time that you’ll take to repay your mortgage in full and typically ranges from 10-30 years. The duration you choose will have […]