Remove why-your-home-loan-emi-is-still-high
article thumbnail

Why Your Home Loan EMI Is Still High

BankBazaar

This includes rates for your Car Loan , Personal Loan and Home Loan. But, when you look at your Home Loan EMI , it’s still the same. Why has your lender not provided you with a lower interest rate ? Well, they may be on MCLR loans. What happened?

Lending 60
article thumbnail

The Millennial Dilemma – To Buy Or Not To Buy A Home?

BankBazaar

W hile owning a home is a dream come true for most millennial s , if you don’t do the math right, you’ll end up despising what was meant to be a profitable investment. Advantages Of Owning A Home Compared To Renting . Renting Vs. Buying A Home . Everything else is the responsibility of the home-owner.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why You May Not Get A Home Loan Despite Having A Good Credit Score

BankBazaar

Is a high Credit Score all you need to get a Home Loan sanctioned? Home Loan rates are at an all-time low. This might prompt a lot of you to just take the plunge and buy that property you’ve set your eyes on for so long. Read on to find out why. by your net monthly income.

article thumbnail

Pay Heed To The Markup In The Home Loan Interest Rate!

BankBazaar

This is a good time to calculate the difference between the repo rate and your Home Loan rate. That number is essentially the markup on your Home Loan. But the markup on those loans have fallen to a three-year low. Loans issued before 2020 have a significantly higher markup than those issued recently.

article thumbnail

Pay Heed to the Markup in the Home Loan Interest Rate!

BankBazaar

This is a good time to calculate the difference between the repo rate and your Home Loan rate. That number is essentially the markup on your Home Loan. But the markup on those loans have fallen to a three-year low. Loans issued before 2020 have a significantly higher markup than those issued recently.

article thumbnail

Credit Score – Facts, Myths & A Case Study

BankBazaar

It is referred by financial institutions to judge your borrowing habits. Your Credit Score determines your eligibility to avail any loan. A bad score can become the reason for your loan-application rejection or you might have to pay a high interest rate. What exactly is your Credit Score?

article thumbnail

Avoid These Personal Finance Mistakes During Lockdown

BankBazaar

However, using these relaxations to your advantage involves making informed decisions. With the world still dealing with the virus, countries have taken steps to safeguard the well-being of their citizens. As an individual, it is in your hands to make the best use of these eased norms to your advantage.

Cards 78