🏠B Khata Property and Home Loans: What You Need to Know Before You Panic
Buying or owning a B Khata property in India? If you’re facing issues with home loan rejections, you’re not alone. B Khata properties often fall into grey zones for banks and NBFCs, making it harder to secure a loan. But there’s a way forward—and we at Shivafinz are here to help. 🔍 What is a […]
Should You Trust a Pre-Approved Home Loan? Here’s What You Must Know!
In today’s fast-paced digital banking environment, many homebuyers receive pre-approved home loan offers from their transactional banks. While these offers may feel like a green signal to purchase your dream property, there’s a catch—and it could cost you both time and money if ignored. 🔍 What is a Pre-Approved Home Loan? A pre-approved home loan […]
Is Your Property Eligible for a Home Loan in India? Here’s What You Need to Know
When it comes to buying your dream home, getting the home loan approved is a crucial step. But did you know that even if your CIBIL score is perfect and your income is stable, your loan can still be rejected? Yes — if your property type or location isn’t eligible, banks and NBFCs might decline […]
Can Freelancers or Self-Employed Professionals Get a Home Loan in India?
In today’s fast-evolving work culture, more Indians are embracing freelancing and self-employment. But one of the biggest concerns for these individuals is:“Can I get a home loan if I don’t have a fixed monthly salary?” The answer is YES — if you meet a few key criteria. âś… Home Loan Eligibility for Freelancers and Self-Employed […]
How Long Does It Take to Get a Home Loan Approved in India?
Getting a home loan is a major step in your financial journey—but many buyers wonder how long it actually takes from application to disbursal. Let’s break down the entire timeline and help you plan better. đź“… Step-by-Step Home Loan Timeline âś… 1. Soft Approval (3–5 Working Days)Once you submit your basic documents like PAN, Aadhaar, […]
How Much Down Payment Do You Need for a Home Loan in India?
Buying your dream home? One of the most important questions every homebuyer has is:“How much down payment is required for a home loan?”Let’s break it down in simple terms so you can plan better and borrow smarter. đź’° What Is a Down Payment in a Home Loan? A down payment is the amount you pay […]
Can You Apply for a Home Loan with a Joint Applicant? Here’s Everything You Need to Know
Buying your dream home? One of the smartest ways to increase your home loan eligibility and reduce financial stress is by applying with a joint applicant. Whether it’s your spouse, sibling, or parent, a joint home loan can offer several benefits—but there are a few important things to consider. 🏠What is a Joint Home […]
Fixed vs Floating Interest Rate: Which Is Better for You?
Choosing the right type of interest rate can save you thousands over the course of your loan. Whether you’re applying for a home loan, business loan, or personal loan, the debate between fixed and floating interest rates is crucial for your financial decision-making. In this article, we’ll explain both options in simple terms and help […]
Good vs Bad CIBIL Score: What It Means & How to Improve It in 2024
đź“Ś Introduction Your CIBIL score is a critical number that determines your creditworthiness. Whether you’re applying for a personal loan, home loan, or even a credit card, your CIBIL score can either unlock opportunities or close doors. But what is considered a good score vs a bad one? And how can you improve it if […]
Understanding the Types of CIBIL Scores in India
When applying for a loan in India, your credit score plays a major role. But did you know there’s more than just one CIBIL score? Yes, India has multiple credit bureaus authorized to track and generate credit scores. Understanding these can help you make smarter borrowing decisions and improve your loan approval chances. đź’ˇ What […]