Home Loan

How to avail Home loan subsidy scheme 2018 (CLSS)

How to avail Home loan subsidy scheme 2018 (CLSS)

What Is Home Loan Subsidy Scheme (CLSS)? CLSS stands for Credit Linked Subsidy Scheme. The Ministry of Housing and Urban Poverty Alleviation launched CLSS in 2015. Thus, this scheme was launched to provide housing for all. This includes construction, purchase, improvement, extension, etc. for example: low-income groups, middle-income groups and economically weaker groups. Eligibility For Home Loan Subsidy Scheme An individual…

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How To Get A Loan For Land Purchase

How To Get A Loan For Land Purchase

One can avail a home loan to buy a constructed home. For those who want to buy land for future use, they can avail a loan for land purchase. A plot loan is applicable for the purchase of land or a vacant plot.   Features Of A Plot Loan For Land Purchase Lower loan value The Loan To Value (LTV)…

How to Choose the Best Home Loan Provider in India

How to Choose the Best Home Loan Provider in India

A large segment of home buyers today pay for their homes by availing a bank loan. While searching for the best home loan provider, one must evaluate interest rates, processing fees, after sales services, loan eligibility, CIBIL scores, etc. In this article, we will provide a framework for homebuyers to choose the best home loan provider in India. Home Loan…

Pradhan Mantri Awas Yojana Online Application Form 2017 – How to Apply

Pradhan Mantri Awas Yojana Online Application Form 2017 – How to Apply

The Pradhan Mantri Awas Yojana (PMAY) is a Government initiative to provide subsidized housing for low income Indians with the goal of building 20 million homes by 2022. This article will list the Pradhan Mantri Awas Yojana online application form 2017 process, and how to fill up the form online. The benefit of the PMAY online form is that it is by…

Applying for a Home Loan? These Are 5 Mistakes to Avoid!

Applying for a Home Loan? These Are 5 Mistakes to Avoid!

Home ownership is increasing in India at an unprecedented pace. And increasingly more new home buyers are opting for home loans to fund their purchase.  This is one of the biggest financial commitments individuals take up during their lifetime and a little bit of research and homework can help them save a lot of money in the long term. You…

Home Loan : Tax Benefits Every Home Owner Should Avail

Home Loan : Tax Benefits Every Home Owner Should Avail

Buying a home is one of the most important decisions in a lifetime. Home Loan tax benefits are significant and can swing the decision in favour of buying vs renting. There are 3 major tax benefits you can avail on home loans in India Section 24: Tax Deduction on Home Loan Interest Section 80C: Tax Deduction on Principal Repayment Section…