Blog about Loans

NRI investment options are vast and as we know the first step for buying any property or investing in a home by home loan , would be to open an account in a reputed bank for any financial dealings it is best that your bank is able to supply all the information and guidance required by NRI here and also in UK. One of the major criteria for any home loan by an NRI it is of priority hat they have an account in a bank that connects here in India as well as has branched in other foreign countries. ICICI bank a universally accepted reputed finance option for NRIs   has great offers for loan and an NRI when fulfilling certain criteria can avail to these financial loan options easily. What more can we   ask for the bank allows customers to open accounts in multiple currencies, be it USD, GBP, EUR, JPY, CAD and AUD. So from Great Britain Pound to US Dollars to Australian dollars there are no hassles in currency matters. Another advantage here is that every time the renewal there is au...

What are interest only home loans.   ‘Interest only home loans’ means that the borrower ends up paying only the interest for some years and then the principle amount is added later for years.  This has risen as a better option for many who are not in position to pay large amounts as EMI’s in present years. Usually for homes bought in construction phase, you keep paying small amounts of interest. In this type of offer the lender gives money to the borrower and the purchase deed is completed. The borrower becomes the owner of the house. Every month he has to pay a small amount that is interest to the principle amount (loan amount). During later years, as    the construction progresses and the housing complex is ready   he has to pay the interest along with large sums of the principle amount. This option may be good for individuals who are highly qualified and have a new job and they know that over the years their salary is going to increase with their experience....

House Hunting Home surfing online E Portals House hunting home surfing is not like it was a few years back. While people used to spend their Sundays, their only vacation day in the week on finding , searching for flats, homes. Now when anyone wants to buy   a property, flat or   house they just need to sit in the comforts of their home   and search the net. Home surfing   has become the new search   listing in Google search. Not only do people visit various websites of reputed builders to hunt for home in latest projects but now with many online   property portals one can easily surf, search, locate and buy a new property or house very easily. With so many websites of individual property builders and housing finance companies home loans have also become easily accessible and one can compare and go for the best deal in home loan. As also we get to compare different properties, their amenities provided as well as any offers concessions on purchase of houses....

Home loan redemption insurance is a very important facility which can help during any unexpected crises or untimely death of the borrower. The family does not have to face the financial pressure of repayment of the loan. This is also a type of insurance taken during the purchase of home and applying for a loan. One does not understand the importance of this insurance and many of individuals shy away from this topic due to the increasing total amount of repayment along with the insurance amount. This   does not allow the individual to think about such circumstances that happen unexpectedly during the repayment tenure. Home Insurance Home Loans Due to any unexpected circumstances of financial crises, sudden death or accident of the home owner a home loan may bring the family in a tight financial crises. Loan repayment may become impossible for the surviving spouse and may also lead to vacating the present home due to non-payment of loan amount. The lending financial   instituti...

Borrowers   think about taking a home loan the impression of making many rounds of the lending institution or bank is the picture created in our minds. Usually borrowers repel with the idea of convincing the authorities of their financial status and the capacity for repayment. But this is not always so. If a borrower can get prior information regarding the documents and procedure required for taking a home loan it would ease out many difficulties and also make the process of purchasing a home a more pleasant one. The salaried class are the ones which can get loans easily as they have their salary slips and work experience records that can help to show their financial standing in the society. Assurance of the required amount as salary is a important assurance for the financial institutions or private lenders to approve of the loan amount applied for.   People working for a company or government and getting regular monthly salary can be termed as salaried class. Preparing befor...