How To Build Your Credit History

India is fast becoming a credit driven economy. Whether its home loans, personal loans, or credit card debt, all of us are using debt far more than was popular in our parents’ generation. In this context, it is very important to build one’s credit history, so that one can continue to have access to such [...]

Home loan rates in India may drop from January: NHB

According to the National Housing Bank (NHB) Chairman and Managing Director, S. Sridhar, the prevailing high interest regime might witness a decline from January and home loan interest rates are likely to follow the suit.
The recent increase in the CRR and Repo rates by the Reserve Bank of India (RBI) have had an increasing effect [...]

Small ticket home loans in India show promising growth

Contrary to popular perceptions, the small ticket home loan segment in India is witnessing some action. The great Indian middle class has defied all explanations of high inflation, high interest rates and has gone for their dream home.
Notwithstanding the economic slowdown, the home loan market witnessed an average growth of 20-25% in August, thanks to [...]

How to Use Home Loan Refinancing Calculator From iTrust

There are many people who think why we need to refinance our existing home loan? There can be many reasons for it like lowering rate of interest, extending the tenure period or reduction in monthly payments. With Home loan refinancing calculator from iTrust, you will be able to find out the terms at which refinancing [...]

Home loan insurance facts

It ensures that the home loan debt doesn’t continue beyond the borrower’s death.
Home loan insurance should be bought as term insurance or regular premium term insurance for tenure at least equal to the loan tenure and for a sum that equates the loan amount.

Another type of home loan insurance is a mortgage reducing term insurance [...]

Rising interest rates on home loan raise tenures

The home loan interest rates that have skyrocketed recently made the existing home loan tenures jump up considerably for most of the borrowers. Floating rate home loans have been touching 12 percent mark and the home loans which were taken at around 10 percent have witnessed a considerable hike in tenures.
Many borrowers found out the [...]