A credit enquiry is when a lender, employer, or you yourself request a copy of your credit report from a bureau like CIBIL. In this guide, you’ll learn the difference between hard and soft enquiries, how each affects your CIBIL score, and how to avoid unnecessary score damage. Quick Summary What Is a Credit Enquiry?…
A floating rate reset is when your home loan’s interest rate is recalculated and updated based on changes in the underlying benchmark — usually the RBI repo rate. In this guide, you’ll learn how often floating rates reset, what triggers the change, and how to plan for rate movements. Quick Summary What Is Floating Rate…
Home loan insurance is a policy that pays off your outstanding home loan if you (the primary borrower) pass away or become permanently disabled, protecting your family from losing the home. In this guide, you’ll learn how it works, the different types available, and whether you actually need it. Quick Summary What Is Home Loan…
A loan moratorium is a temporary period during which a borrower is allowed to pause or defer EMI payments without being marked as a defaulter. In this guide, you’ll learn what a moratorium really means, how the deferred interest works, and when you should use it. Quick Summary What Is Loan Moratorium? What does it…
Foreclosure of a home loan means closing your loan completely before the original tenure ends, by paying the entire outstanding principal in one go. In this guide, you’ll learn what foreclosure means, when it makes financial sense, the charges (or lack of them), and how it differs from prepayment — so you can decide whether…
The Loan-to-Value (LTV) ratio is the percentage of a property’s market value that a bank is willing to finance through a home loan — typically 75% to 90% in India. In this guide, you’ll learn how LTV is calculated, what determines your maximum LTV, how it affects your EMI and approval odds, and how to…
A down payment is the upfront amount you pay from your own funds when buying a property — usually 10% to 25% of the property’s value, with the bank financing the rest as a home loan. In this guide, you’ll learn the minimum down payment required by Indian lenders, why a higher down payment can…
A pre-approved home loan is a conditional loan sanction given by a bank based on your income, credit score, and financial profile — before you have selected a specific property. In this guide, you’ll learn how pre-approval works, what’s actually guaranteed (and what’s not), how it speeds up your home buying, and when it might…
A balance transfer in home loans is the process of moving your outstanding loan from your current lender to a new lender offering a lower interest rate or better terms. In this guide, you’ll learn how balance transfers work, when they actually save you money, the hidden costs to watch out for, and how to…
A Loan Against Property (LAP) is a secured loan where you mortgage your residential or commercial property to borrow funds for any purpose — business, education, marriage, or medical needs. In this guide, you’ll learn how LAP works, how much you can borrow, how it compares to a personal loan, and when it’s the smarter…