The MCLR rate is used as a benchmark rate for...!

The MCLR rate is used as a benchmark rate for...! Some banks have announced a significant cut in their  Marginal Cost of Funds based Lending Rate ( MCLR) rates. The MCLR rate is used as a benchmark rate for new loans.  Essentially the banks are now aggressive on the rates…

Share:

Read More

Documents Required for Housing Loans:Salaried Persons

Home Loans - Documents required for salaried persons..! Terminology - Home Loan  *  Last three months payslip * Last six months statement where your salary being credited * Appointment order (If the present company is more than 3 years it is not required.)  * Relieving order if …

Share:

Read More

Documents Required for Housing Loans : Self-employed persons.

Terminology - Home Loan Home Loan:  Documents required for self-employed persons..! *   Last three years Income Tax (IT) Returns with computation of income along with schedules with auditor attestation. *   Last 1 year current account bank statement *   Last 6 months Savings Ban…

Share:

Read More

Terminology - Home Loan - Home Improvement Loan

Terminology - Home Loan A home improvement loan is distinct from a loan taken to acquire or construct a house. These loans are given for implementing repair works, healing and renovations in a home that has already been purchased. To avail the home improvement loans, you have…

Share:

Read More