Home loan

“The base of active mortgage borrowers increased by 5% in December 2020 compared to the previous year”

With growing demand for home loans, the country’s active home loan borrower base in December 2020 was higher than pre-pandemic levels in December 2019, growing nearly 5%. According to the CRIF CreditScape: Housing Loans report, the total number of home loan borrowers was 2.32 crore as of December 2020, of which 1.43 crore were active […]

Home loan

Ever-lower mortgage rates: an unprecedented opportunity for homebuyers

If the increase in housing affordability is any indication, the Indian residential real estate market will see an increase in sales in the coming months. Current mortgage rates are the lowest in four decades and are expected to remain low for another six to twelve months; so now is the best time for home buyers […]

Home loan

Save lakhs on home loan! Here’s what you need to do

Banking entities across the board have been steadily cutting home loan interest rates since the last quarter of 2020, passing on the rate advantages to customers. This accelerated the decline in demand for housing loans. The lower interest rate regime is here to stay amid Covid-19. The lower interest rates bring a lot of relief […]

Home loan

How to Apply for a VA Home Loan

How do I apply for a VA loan? If you are an active duty member, veteran, member of the National Guard, or the surviving spouse of a service member, you may qualify for a VA home loan. These government loans are insured by the US Department of Veterans Affairs. They have no down payment, no […]

Home loan

5 Mistakes Mortgage Applicants Should Avoid

Any wrong choices or decisions made by a home loan borrower can reduce their chances of getting an optimal home loan and also affect future repayments. Home loan is a long-term financial commitment for borrowers, as it involves a longer term and larger loan amount. Any wrong choices or decisions made by a home loan […]

Home loan

Instant home loan approval – are you eligible?

While other lenders struggle with long turnaround times and clunky approval processes, fintech Nano has launched a new home loan where loan approval is granted on the spot. What’s the catch? The new home loan is offered by Nano, which is “not a traditional lender,” co-founder Andrew Walker told Finder. “It is a financial technology […]

Home loan

How do I pre-qualify for a home loan?

What does it mean to pre-qualify for a loan? When you’re preparing to buy a home, you’ll likely come across the term “loan prequalification.” This is the first step in the mortgage process, where a lender provides a rough estimate of how much home you can afford. Pre-qualification is usually quick and easy – you […]

Home loan

Big Four Banks Shorten Home Loan Approval Times

National Australia Bank CEO Ross McEwan told the Home Economics Committee on Friday that NAB could greenlight a “vanilla” home loan in as little as 24 hours. “For a simple home loan, via one of our agencies, 50% is [approved in] less than a day, and the remaining 50% less than five days,” Mr McEwan […]

Home loan

Benefits of taking a joint home loan – Forbes Advisor INDIA

In India, the purchase of a house is the biggest investment made by an individual during his life. As our families grow, we plan for the future and plan to invest in larger homes that can comfortably accommodate and protect a growing family. However, these dream homes come at a significant cost, guarantee access to […]

Home loan

Are you looking to buy a house? Here’s how the pre-approved home loan will benefit you

zeenews.india.com understands that your privacy is important to you and we are committed to being transparent about the technologies we use. This Cookie Policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit the zeenews.india.com websites that link to this Policy […]

Home loan

4 Benefits of a Pre-Approved Home Loan

A pre-approved home loan is granted to eligible consumers who have a strong financial situation. “As a special customer, we want you to have a truly prosperous life. And so we are pleased to inform you that you are eligible for a pre-approved home loan. How familiar does this sound? It’s very likely that at […]

Home loan

Get Instant Digital Home Loan Sanction Letter with Bajaj Housing Finan – The New Indian Express

Applying for a home loan has long been tedious, but advancements in FinTech are rapidly transforming the way we apply and use these loans. Of all the steps in the loan application process, obtaining the sanction letter is the most crucial as it finalizes the maximum loan amount and other key details. Technology has shortened […]

Home loan

Five Practical Tips to Reduce the Burden of Home Loan EMIs

The mortgage is an essential solution to buy the house of your dreams. Relatively low interest rates, longer terms and attractive offers make it a popular vehicle for financing your home purchase. But when it comes to paying off your home loan, you have to be smart about your monthly outlay for the loan. If […]

Home loan

ICICI Bank lowers mortgage rate to 6.7%

Like most banks, home loan interest rates at ICICI Bank vary based on various parameters such as office ratings, customer profile, and customer segments, among others. Amid a rate war in the home loan sector, private sector lender ICICI Bank on Friday announced an interest rate cut to 6.7% for loans up to Rs 75 […]

Home loan

Bajaj Housing Finance will provide digital home loan sanction letter in 10 minutes

Bajaj Housing Finance Limited (BHFL), a subsidiary of Bajaj Finance Limited, recently announced a review of the approval time for home loans across the board. Customers can now receive a digital penalty letter for an e-home loan in just 10 minutes*. This will help speed up the property foreclosure process for aspiring homeowners. Borrowers can […]

Home loan

Five things you need to get pre-approved for a home loan

123RF Buying your first home can be an exciting experience, but the first step is to arrange for home loan approval. The current property market in New Zealand is competitive, and it will only get tougher. Potential buyers should be prepared and ready to make an offer on their dream property as soon as they […]

Home loan

Get Instant Home Loan Approval at 6.75%! Kotak Mahindra Bank Announces New Facility

Kotak Mahindra Bank (Kotak) has announced that it has introduced instant principled sanctioning of home loans on its digital platform Kotak Mahindra Bank (Kotak) has announced that it has introduced instant in-principle sanctioning of home loans on its digital platform – Kotak Digi Home Loans. The bank offers home loans from 6.75%. According to a […]

Home loan

What documents are needed to apply for a home loan?

What documents are needed to apply for a home loan? Before you start shopping for a new home, it’s a good idea to get a mortgage pre-approval. Getting pre-approved lets you know what size mortgage you can get. It also lets sellers know that you are a serious buyer. A pre-approval involves going through the […]

Home loan

MortgageMarket Adds Instant Home Loan Pre-Approval Tool

Tim Akinnusi, Founder and CEO of MortgageMarket. Online home loan comparison platform MortgageMarket has introduced an instant pre-approval tool, to take the guesswork out of how much the bank will lend to potential homeowners. In a statement, MortgageMarket says its pre-approval tool will give customers an accurate indication of how much mortgage they could qualify […]

Home loan

ICICI Instant Home Loan: Now get final sanction letter immediately without any branch visit

ICICI Bank has developed digital solutions in the home loan segment to greatly simplify the entire process of applying for a home loan. Finalizing the home of your choice is time-consuming and involves multiple trips around town and visiting different companies and apartments. If you are planning to buy a house by taking out a […]