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Showing posts from March, 2018

what is the importance of adding the insurance in home loan

You would like to read the full steps here - LOANSARTHI With the Government’s latest measures on tax exemptions, incentives for the real estate sector and the Reserve Bank of India’s announcement on the issue of long-term bonds by banks for infrastructure financing and affordable housing, it is inevitable that you will be in an urge to buy a home as you can now look at saving more taxes on your home loan while paying lower equated monthly installments or EMIs. Experts are of the view that demand for housing will be made affordable to some extent and this move will also pump up the demand for  home loan . The move is expected to reduce EMIs of a  home loan  borrower by nearly 8-10%. That apart, the recent tax incentives of raising deduction on interest on  the home loan  from Rs 1.50 lakh to Rs 2 lakh will further help the individual to boost his annual savings to nearly Rs 1 lakh. You would like to read the full steps here -  LOANSARTHI

Loan Closure Process

Also visit  LOANSARTHI , to get the full detail. Get original documents released from bank. ... Get NOC. ... Update the CIBIL score. ... Get lien removed on property from registrar office. ... Procure legal clearance certificate from lawyer. ... A new encumbrance certificate for you. ... Have a detailed track of loan repayments. Also visit  LOANSARTHI , to get the full detail.

How to get loan under Pradhan Mantri Awas Yojna

The central government recently announced that the benefit of interest subsidy of about  R s.  2.60 lakh on home loans under  Pradhan Mantri (PM) Awas Yojana  (Urban) for middle income groups (MIG) has been extended by 15 months. After the extension, the benefit of  R s.  2.6 lakh subsidy will be available till March 2019. On 31 December last year, Prime Minister Narendra Modi had announced that the credit linked subsidy scheme (CLSS) under PMAY (Urban) applicable to applicable to middle income groups till the end of December this year. How To Avail PM Awas Yojana Scheme Subsidy In 10 Points: Experts have welcomed the extension. Amandeep Singh Dhaliwal, vice president at Levidia Infra Group, said, the extension will give more time to middle income groups to avail interest subsidy under the scheme.  "The idea of 'Housing For All' for which the scheme was introduced in a big nation like India cannot be fulfilled in an year's time," he said.  The PM Awas Yo

India Post Payment bank

At India Post Payments Bank, we believe that a nation can only grow when every citizen gets an opportunity to prosper, regardless of their way of life. With simple, diverse and growth-oriented offerings, IPPB aims to give every Indian access to efficient banking services. Visit  LOANSARTHI   for all your loan requirements. Incorporated as a Public Sector Bank under the Department of Posts with 100% GOI equity, IPPB has launched on January 30th, 2017 in Ranchi and Raipur with the objective of being present in all corners of India by the end of the year. For now, IPPB is offering Savings account up to a balance of Rs 1 Lakh, along with digitally enabled payments and remittance services of all kinds between individuals. In due course, IPPB will also provide current accounts and access to third party financial services like insurance, mutual funds, pension, credit products, forex, and more.Loansarthi and team are working days and night to help the customers. IPPB’s PHILOSOPHY :

What is the GST impact on home loan

If you are willing to get a home loan the future, it is extremely important to understand the impact of the Goods and Services Tax (GST) that came into effect on 1 July 2017 in India. GST is a unified indirect tax levied on the consumption, sale and fabrication of all types of goods and services at the domestic level. It is India’s largest tax reform since independence. The GST Council has been formed to administer the system. The four tax brackets have been fixed at 5%, 12%, 18% and 28% for various types of commodities and services. The new tax system has a direct impact on home loan seekers and the entire real estate industry in India. Let’s discuss. Real estate before GST Property builders and house buyers had to remit multiple central and state levies such as stamp duty, Value-added Tax (VAT), registration tax and service tax. The imposition of these taxes was based on the locality and construction phase of properties. For instance, the buyers of under-construction prope