Gram Panchayat Property Home Loan and Pradhan Mantri Awaas Yojana
The need of the housing for all has pushed the nation for some serious steps. The Pradhan Mantri Awaas Yojana is the result of the same. The government is now pushing hard to make the dream ‘home for all’ by the year 2022. In an effort to the completion of the dream, the government has announced several lucrative schemes and aids in order to better assist the people, who are seeking a home of their own. The social scheme by the name, ‘Pradhan Mantri Awasiya Yojana’ is aimed at assisting the people towards completing the dream of having a home of their own. Read More
What is Home Loan Balance Transfer?
A Home Loan Balance Transfer is the process of the transfer of the entire remaining amount of loan/unpaid loan amount to another bank for the lower rate of interest. The bank, which in the first go approved the loan amount, will get the entire loan at full through the other …Read More
How it feels when a person searches for a home after a great effort, which includes lots of searching and spending lots of time in research for the best fit flats and upon approving for the home loans, the application gets rejected. Many times, people tend to get in return several unique reasons and uncommon …Read More
Every loan transaction has various costs associated with it for the bank. There are administrative costs to handle your documents, recovery costs, and cost of handling risks associated with the lending amount etc. Also there are various bank departments and outsourcing parties involved to perform certain tasks.
Banks cover these costs from the borrowers in the form of various charges and fees. Hence it is necessary to know the costs involved in the home loan process in advance.Read More