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A home loan is a secured loan provided by banks and financial institutions to individuals for the purpose of buying or constructing a residential property. The loan amount, interest rate, and repayment tenure are determined by various factors such as the borrower's income, credit history, and the property's value.
Read moreReplied by Janesh Apte On 5/7/2023
To qualify for a home loan as a self-employed individual, you must provide sufficient evidence of your income and financial stability to the lender. Maintaining a good credit score, providin...
Replied by Ojayit Balakrishna On 5/7/2023
To check your CIBIL score for a home loan in India, go to the CIBIL website and sign up for an account. Then, to verify your identity, you must provid...
Replied by Kshitija Deshpande On 3/7/2023
Yes, a CAN FIN home loan statement can be obtained in India by logging into your account on the CAN FIN website. Then, under Loan Account, select View/Download Statement. Yo...
Replied by Asita Kashyap On 6/7/2023
The maximum amount that can be disbursed to the borrower under an SBI home loan is the drawing power. The bank determines it based on various factors such as th...
Replied by Nabh Dhawan On 5/7/2023
The amount of a home loan you can get on a 60,000 salary is determined by a variety of factors, including your credit score, existing debts, and expenses. Lenders typicall...
Replied by Shankh Bajwa On 5/7/2023
In India, you can save tax on your home loan by deducting the principal repayment and interest paid. Section 80C of the Income Tax Act allows you to deduct th...
Replied by Avichal Zacharia On 5/7/2023
The ITR (Income Tax Return) required for a home loan is determined by several factors, including the lender, loan amount, and borrowers income. Lenders typically require the borrower to submi...
Replied by Prabhrithi Deol On 4/7/2023
A top-up loan on a home loan is an additional loan that an existing home loan borrower can obtain. This loan is given in addition to the existing home loa...
Replied by Angarika Malhotra On 5/7/2023
Yes, there are numerous online tools for calculating your home loan EMI. You can use the official website of the bank or financial institution from which you intend to borro...
Replied by Kanha Rao On 6/7/2023
To cancel HDFC home loan insurance, send a written request to the bank customer service department, mentioning your policy number and the reason for cancellation. Along with the request, yo...
