Blog about Loans

Yes it is very true. When you club your home loans with other prospective loan borrowers you will get extra benefits and all of you can benefit with lowers EMIs and lower rate of interest. Builders and home loan lenders are open to the idea of having group booking so that they get the benefit of offering larger home loan amounts and you all get the benefit of lower rate of interest which in turn reduces your every month EMI amounts. Since home loans are of a much larger amount and also the repayment period goes on for a longer tenure you have to think carefully and plant your home loan. The most easiest and safe mode used by many borrowers of home loan is to get together and increase knowledge regarding loans. You can get lots of information from your friends and colleagues who can enquire at different places regarding availability of flats and at what rates. Regarding home loans also you all can find out different information and each can get different quotes from the lenders. Now aft...

When you are going through the repayment phase of your home loan you get to know the true colour of your lender. The home loan tenure is for a longer period of say 15 to 20 years and hence as there are changes taking place with finances and economy your housing finance company will also keep changing their rules. With the Reserve bank changing their lending loan rate within short span of few months it is but obvious that all the lending institutions and banks have to bear the brunt. The rules are going haywire and even if you have selected a fixed rate of interest you may have to bear the rise in your EMI amounts due to this. This is one of the most important factors why many borrowers are shifting their home loans to a better housing finance company or lending institution. If the lender tries to put all the  burden of this on the borrower in form of increased EMI amounts you have the option to select a new housing finance company that offers you the continuing loan amount for a lo...