What is Top Up Loan? Why should you consider Top up Loan? Let’s take a look. People generally opt for a personal loan to fulfill their cash requirement in an emergency. It is quick and easy loan option nowadays. However, before taking any loan one must understand, which loan is best for them? My friend had purchased a flat by taking a home loan before 3 years. He started paying EMI’s for the same. After 3 years he got an […]
In 2011, my friend had taken a home loan for buying a home in Bangalore. The home loan amount was 15 Lakh tenure was 20 years and EMI was Rs.14976. He got transferred to Mumbai before two years. He could have sold the old house and purchased a new house at Mumbai. But, he decided to purchase another house instead of renting. He has taken a second home loan of Rs 15 lakh for 20 years, for which EMI is […]
In order to woo customers in the festival season, ICICI bank has recently launched Cashback Home loan. This new cashback home loan offers a benefit of 1% cashback on every EMI paid by the borrower. The cashback Home loan is available for domestic resident and NRI customers. If you are planning to take home loan it is worth to explore cashback home loan offered by ICICI Bank. Here are unique features and benefits offered by Cashback Home Loan. Key Features […]
NRI Home Loan – Every NRI aspires to buy a dream home in India. NRI can take a home loan for buying a flat, row house or bungalow in India. NRI can also take home improvement loan and home extension loan. Buying a home in India by availing home loan is a tedious process for NRI, especially when you are abroad. If you are NRI and intended to buy a house India by availing Home Loan this post if for […]
Many of us take a home loan to buy the dream home. However, we hardly know the tax benefits associated with Home loan. In this post, I will throw light on Home loan tax benefits. I will also cover 10 less known facts which are not known to a majority of people. Home Loan Tax Benefits Home Loan EMI payment has two components (1) Principal (2) Interest (Section 24). You can avail tax benefit on both these components. Principal – […]
