Affordable housing in India targets low- to mid-income buyers and addresses India’s urban housing shortage. Backed by government incentives, it offers good end-user value and long-term investment potential, especially in early-stage projects with good location. Website URL: https://www.herohousingfinance.com/blog/introduction-to-property-buying/what-is-affordable-housing-and-should-you-invest-in-it
Gunthewari properties in Maharashtra are small plots carved from agricultural land. While affordable, they carry legal and construction risks. Buyers must verify permissions, documents, and approvals before investing to avoid future complications. Website URL: https://www.herohousingfinance.com/blog/introduction-to-property-buying/all-you-need-to-know-about-gunthewari-property-in-maharashtra
A home loan EMI calculator helps estimate your monthly payments based on loan amount, interest rate, and tenure. It offers accurate, quick insights, helps compare loan offers, manage finances, and plan repayments effectively to avoid financial strain. Website URL: https://www.herohousingfinance.com/blog/introduction-to-property-buying/all-you-need-to-know-about-home-loan-emi-calculator
A housing loan eligibility calculator helps assess your loan eligibility based on factors like income, credit score, age, and existing EMIs. It simplifies planning, avoids rejections, and offers insights on EMI and loan tenure for informed decisions. Website URL: https://www.herohousingfinance.com/blog/introduction-to-property-buying/all-you-need-to-know-about-housing-loan-eligibility-calculator
India offers various affordable housing schemes like PMAY, DDA, TNHB, MHADA, and more, aimed at helping EWS, LIG, and MIG groups own homes. These programs provide financial aid, online application options, and prioritize inclusive urban development. Website URL: https://www.herohousingfinance.com/blog/introduction-to-property-buying/affordable-housing-schemes-in-india
Know the Key Factors for Home Loans on Under-Construction Properties. Buying an under-construction property requires careful planning. Choose a lender who evaluates legality, understand the phased loan disbursement, negotiate terms, and consider pre-approved loans. Track construction progress, assess tax benefits, and evaluate location, quality, and payment plans before investing. Website URL: https://www.herohousingfinance.com/blog/introduction-to-property-buying/home-loan-for-under-construction-property
Home loan refinancing lets you replace an existing mortgage with better terms, lower interest rates, or reduced EMIs. It offers financial flexibility, improved service, and access to additional funds. However, refinancing may not be ideal if it incurs higher costs or extends tenure unnecessarily. Website URL: https://www.herohousingfinance.com/blog/introduction-to-property-buying/home-loan-refinance
When opting for a home loan for under-construction property, key factors include loan type (self-construction, plot + construction, or renovation), builder credibility, lender property analysis, construction monitoring, and disbursement process. Benefits include customization, phased interest payments, and future expansion flexibility. Website URL: https://www.herohousingfinance.com/blog/introduction-to-property-buying/consideration-for-home-loan-for-under-construction-property
The base rate is the minimum lending rate set by the RBI, influencing loan and deposit interest rates. It is affected by policy rates, inflation, liquidity, and economic conditions. Banks calculate it based on operating costs, cost of funds, and regulatory guidelines. Website URL: https://www.herohousingfinance.com/blog/introduction-to-property-buying/base-rate-and-its-calculation
Digital tools simplify home loan applications, making the process faster and stress-free. Key tools include eligibility calculators, EMI calculators, amortization schedules, and prepayment calculators. These tools help borrowers plan finances, estimate payments, and explore loan options with ease. Website URL: https://www.herohousingfinance.com/blog/introduction-to-property-buying/home-loan-process-with-digital-tools
