A home loan is a sum of money borrowed from a financial institution or bank to buy a house. Many mortgage companies, commercial banks, and private banks offer home loans that allow you to borrow money to buy a house and pay it back in monthly installments. Depending on the needs of the borrower, the interest rate on a home loan can be fixed or variable, or partly fixed and partly...

What is Home Loan Eligibility? Home Loan Eligibility is portrayed as a fixed or guidelines establishment which a financial gathering surveys the reliability of a shopper to profit and take care of a particular home loan amount. Home Loan Eligibility depends upon guidelines which incorporate age, financial position, FICO rating history, financial assessment score, different monetary obligations...

Owning a house is everyone's dream. To encourage citizens to invest in real estate, the government provides various tax benefits for home loans under the Income Tax Act of 1961 (the “Income Tax Act”). It's important to be aware of all the tax benefits of home loans, as they can save you a significant amount of your tax payments. Home loans interest rates consist of...