Home Loan

Buying a Home in India Isn’t Cheap Anymore But Smart Buyers Still Find Deals

by

Buying a house today can feel like chasing a moving target. Prices are rising, inventory is tightening in key pockets, and the fear of overpaying is real. With home prices expected to climb steadily over the next two years, many buyers assume affordability is slipping out of reach. That’s not entirely true. For those willing to dig a little deeper into policy, timing, and location the market still offers pockets of value. The difference lies in how you approach the …

Read more

Is PMI (Private Mortgage Insurance) Applicable in India Home Loans?

by

You may come across the term PMI – Private Mortgage Insurance. It is very common in the United States, but does it apply to home loans in India? Let’s break it down. What is PMI? PMI is insurance that protects the lender, not the borrower. It is usually required when a buyer makes a small down payment (less than 20% of the property value). Example: In the US, if you buy a ₹80 lakh home with only ₹8 lakh down (10%), you must …

Read more

Why is interest more than principal component in my Home Loan EMI?

by

If you’ve ever taken out a loan or planning to take a loan, you know that you have to pay back more than just the amount you borrowed. This is because the lender or Bank charges you interest, which is essentially the cost of borrowing money. When you make monthly payments on a loan, a portion goes towards the principal amount you borrowed, while the rest goes towards the interest.In an EMI payment plan, your monthly payment is a fixed …

Read more