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How many times we can take home loan?

Before starting the process of home loans, assess how much you earn and how much loan banks can give according to that. Your ability to take a home loan depends on your ability to repay it. It depends on your monthly income, expenses, and family income, assets, liabilities, stability in income. It is a good thing that we want to take as many home loans as we want or the same property but I have kept the loan completely on top of our repayment amount. The borrower must keep in mind their repayment capacity. There is no restriction on the number of home loans a homebuyer can avail, just as there is no restriction on the number of houses that one can buy. The number of times you will get it also depends on your financial situation at the time of a particular home loan application. The home loan itself is a huge obligation that has to be fulfilled for 30 years. And when you take more than one home loan, the liability increases. All these will have an impact on your savings and repayment c
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Is home loan interest tax deductible in 2020-21?

Income Tax Benefit on Home Loan 2021.   On 1 February 2021, in the Union Budget 2021, the government has extended an additional tax deduction of ₹1.5 lakh for one year on interest paid on housing loans for the purchase of affordable homes.  Interest deduction allowed for low-cost housing loans taken during the period between 1 April 2019 and 31 March 2020. Interest on home loans has been kept in two categories namely interest before completion of construction and interest after completion of construction.  Tax deduction up to Rs 2 lakh is available under Section-24B for the interest paid after the construction is completed. This exemption can be claimed from the year of completion of the construction of the house.  However, most people take home loans for under-construction properties. After the completion of the work, they get possession of it. But, the home loan repayment starts immediately after taking the loan. With our company GRD India financial services Pvt. Ltd. We are offeri
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Is it worth taking a home loan for tax benefits?

Let us tell you that in the budget, new tax slabs have been announced for income taxpayers. However, it is still kept optional i.e. taxpayers can decide their tax liability even under the current tax regime. Under the current tax regime, if the annual income of a salaried income taxpayer is more than Rs 2.5 lakh, then it comes under the purview of income tax. However, income up to Rs 5 lakh can be tax-free through rebate benefits.  The Income Tax Act allows individual taxpayers and companies to avail of tax exemptions in many ways. In these, through home loans, you can save tax under many sections. -Rebate under section 80C on repayment of the principal amount. On Repayment of the principal amount of the home loan can be claimed for tax exemption of up to Rs 1.5 lakh under Section-80C of the Income Tax Act. -Home loan interest will get a discount of up to Rs 2 lakh. Interest on home loans has been kept in two categories namely interest before completion of construction and interest af
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Can I take 2 home loans?

 Banks and NBFCs have made it easy to take loans. With this, we have started making up our mind to buy even those things, which would have been difficult to buy due to limited income. Today, due to the facility of loans on monthly installment (EMI), things like houses, cars, bikes can be easily taken. The question is if you have already taken a loan, should you take another loan? Yes, you can get a second home loan to buy another property based on your income and repayment track record. Your income should be sufficient to justify the timely repayment of both the home loans. It is a good thing that we want to take as many home loans as we want or the same property but I have kept the loan completely on top of our repayment amount. The borrower must keep in mind their repayment capacity.  Since the lender has sanctioned the loan based on the repayment capacity of the borrower, it becomes the sole criterion for the borrower to avail the best home loan in large numbers. The CIBIL score fo
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What is pre-EMI for home loan?

 If you are making a house that is under construction and you have already deal with it, then it is important to know about Pre EMI and Full EMI, so that you do not face any problems. Whenever you invest in construction property and want to pay through a loan, then pre-EMI and full EMI comes in handy. In such a situation, today we are telling you the meaning of both EMI and telling which EMI can be beneficial for you for your situation. There are two types of EMI – Pre EMI and Regular EMI. Sometimes when customers go to take a loan or approach any company for a loan, there is a situation of confusion regarding EMI and Pre EMI. In this blog, we will let you know what is Pre-EMI.  For example, suppose you have booked a flat and have a loan of Rs 50 lakh for it. Along with this, your flat is being built and is not ready to move and yet you are paying the EMI of the loan, then it will be called Pre-EMI.  What happens is that as long as the construction continues, the bank will not give ful
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HDFC interest rate- GRD India Financial Services Pvt Ltd

  HDFC has unveiled their new scheme on their interest rates, special for the festival season. FESTIVE BONANZA NEW RATE OF INTEREST 6.70 % WITH 800 Credit Score ONLY Salaried & self-employed both * Processing Fees Only 3000+Gst= 3540/-(salaried) 5000+GST=5900/-(self-employed) VALID FOR DISBURSEMENT TILL 31ST OCT 2021. EXISTING SCHEMES APPLIED FOR BELOW 800 CIBIL CUSTOMERS Our company GRD India Financial Services Pvt Ltd provides these loans directly from the bank and housing finance company on the basis of their interest rates and T&C. For your convenience, we provide doorstep services on the behalf of the bank. To apply easily you can visit our site-  https://www.grdindia.in
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Can I get home loan with 600 CIBIL Score

If your CIBIL score is less than 750 then your chances of getting any kind of loan or home loan are very less. There'll be more possibilities to reject your loan application by several banks. How to get a loan with a low CIBIL score and no credit history:- If your CIBIL score is not good enough then you can apply for loans from smaller NBFCs(Non-Banking Financing Companies) HFCs and MFCs. They can provide you a home loan with a low CIBIL score because some of the companies like this never check CIBIL scores but they may charge higher interest rates than the bank. So, you can approach this kind of company to take a home loan. If you are facing issues with taking a home loan because of your CIBIL score and have no credit history, you can apply for a joint home loan with your spouse or other members of your family (blood relationship).  It is useful in getting a home loan or a bigger loan at the lowest interest price. You can add a guarantor in case of a bad CIBIL score or have
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