Blog about Loans

GST! what is GST? Goods and service Tax. While The Government has been trying to bring in universal laws with taxes for the whole country, I am so surprised as we are paying taxes !!!service taxes, good, extra taxes, like, whenever we purchase any object or good and commodities, restaurant, every where we have taxes extra , so...this reflects in our bill. GST has affected home loans and even possessions of homes as there is so much confusion among sellers with loss of planning and stationary , infra structure available to implement this GST. Then some sellers are at random applying any percentage of taxes in the name of GST and we also cannot question them! You will see added sums in your home loan repayments and pre payments list. You will also see increase in your monthly EMI payments, and even though this may be a smaller amount monthly, it sure will add up on the long term basis in total amount payments of your home loan! So some how if you notice the home loan lenders will take up

For better chances and fast loan approval    become a co-applicant for a home loan ! try to go along with your spouse or if you have    sibling willing to enter this arrangement then this will improve your chances to get a larger percentage amount as amount as home loan.  Another important benefit is each person  takes a smaller amount as loan, that, which you may be able to bear single handed also. Divided , Joint home loans benefit the family as you minimize the risk of default and make arrangements for repayment schedule accordingly. Any yes in today's times this is so important! Both joint applicants will get tax benefits! so use this to your advantage as savings. Yes, of course choose carefully your joint home loan partner. The best combination for getting your joint home loan approved would be with your spouse. Since this is family the lenders are accommodating with this combination and usually many men go in for a loan if they have regular finance available for repayment eve