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    in KannadaHome Loan | Different Types of Home Loan | Full Detail Explain...

    Home Loan | Different Types of Home Loan | Full Detail Explain | Tax Benefits | In Kannada | Finance | Money Matter

    Full Details about Home Loan In Kannada

      What is Home Loan ? 

      Home Loan is a One of The Type of  Loan, House Loan is Loan Given by the Bank for the Purpose of House Purchase, Construction of the House, Purchasing Plot, Extinction / Renovation House Loan.

      7 Types of  Home Loan: 

      1. Pre Approved Home Loan 
      2. Home Purchase Loan
      3. Home Loan for Construction 
      4. Plot Loan
      5. Home Loan Top Up
      6. Home Extension / Renovation Loan
      7. Balance Transfer Home Loan

      Basic Terms :

      • What is Principle Amount?
      • What is Down Payment?
      • How Eligible Loan Amount
      • What is Co-applicant 
      • What is Fixed Rate of Interest Rate?
      • What is Floating Interest Rate ?
      • Equalled Monthly 
      • Installment (EMI)
      • Processing Fees
      • NOC
      • Occupancy Certificate
      • Reset Clause
      • Basic Point
      • Tripartite Agreement 
      • EC (Encumbrance Certificate 
      • Title Deed
      • Bank Approved Project 

      How Calculated Legibility 

      • Age – 21-60 Years and Self employed should be between 21-69 Years 
      • Job Stability 
      • Credit Score
      • Other Loan
      • Resident Type

      Home Loan Fees and Charges :

      • Processing Fees
      • Pre Payment Charges
      • Conversion Fees
      • Cheque Dishonour Charges
      • Fees on Account of  extensional opinion 
      • Home Insurance 
      • Incidental Charges
      • Statutory / Regulatory Charges 
      • Photocopy of Documents 
      • Change in Loan Terms
      • Application Fees
      • Technical Valuation Charges
      • Administrative Fess
      • Balance Transfer Charges
      • Legal Charges
      • Notary Fees
      • Indemnity Cost
      • Recovery Charges 

      Home Loan Tax Benefits 

      • Section 24B – Deductions for Interest Paid on Housing Loan – 200000
      • Section 80C – 15000 Principle Re-Amount
      • Deduction for Joint Home Loans
      • Stamp Duty Charges – 150000 Deductions

      Remember  Below Points while choosing Home Loan

      • Due Diligence 
      • Interest Rate Negotiation 
      • Check for Hidden Charges
      • Compare Different Lenders
      • Tenure 
      • Read Terms and Conditions 
      • Credit Score

      Reason For Home Loan Rejection : 

      • Bad or Low Credit  Score
      • Incorrect Personal Details in Credit Report
      • Rejection of  Loan by other Banks
      • Unstable Income – No consistency 
      • Age Factor
      • Location of the Property 
      • Poor Repayment of  Capabilities 

      Some Questionss / Doubt About Taking Home Loan : 

      • What is Marginal Cost of  fund Based Lending Rate (MCLR)
      • Can I get a Home Loan for entire Property Value ?
      • Who Can Co-Sign a Home Loan with me ? 
      • How many People can Co-Sign a Home Loan with me ?  
      • Can a Buy a House with 2 Loan ?
      Watch Full Video Your All doubt clear about House Loan : If you Have  Any Questions  Pls Comments  Me and Share me , If You Have Any Suggestions Pls Comments Me, Thanks for Watching.

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