Looking for Independent House in Bangalore? Check out these House loan tips!

The property price of Bangalore is extremely high therefore buying a house in Bangalore is not everyone’s cup of tea. If you are planning to buy an apartment or independent house in Bangalore then a house loan is a must. Every second person living in an apartment or house is paying EMIs of house loan and it has become common practice while buying a home or apartment. It has several benefits and helps to buy your dream home. In this post, we have discussed some key factors that should be considered before taking a house loan.

Check Various Loan Options- Everything is available online in the era of internet, so do some research and search the different options available in the market. Narrow down your research on three most crucial aspects i.e, down payment, namely, rate of interest, repayment tenure, and EMIs. Researching these aspects would help you to find a suitable home loan. Generally, people do not calculate the rate of interest and end up taking the wrong loan. So, make sure you consider all the aspects while taking the home loan. If you don’t have time to research various loan options then it’s better to consult an expert.
Go with Affordable option-There are several loan options available in the market, so choose one which is affordable and suits your pocket. You should be able to not only afford the fixed monthly EMIs, but should also check the cost of affordable living. It is better to make a rough calculation or plan, this plan will include the EMIs and other monthly expenses like electricity bill, water bill, wifi bill, etc. In many cases, people spend all their money on EMIs and end up with zero savings. So, adopt the loan very cautiously. Buying an independent house in Bangalore at an affordable price should be important.
Select Suitable EMIs option- A bank offers you different EMI options and you have to choose one which suits your budget. EMI varies on the down payment you make at the time of making a house purchase. Short-term EMIs have a low rate of interest and Long-term EMIs have higher. So, it’s up to you which option to choose long-term EMIs or short-term.
CIBIL Score- Banks consider the CIBIL Score or Credit score as an essential factor while giving you a loan. So, check your CIBIL score and make sure it is maintained. The banks do not sanction loans if your CIBIL score is less than 550. So, make sure the CIBIL score is maintained.
Check Eligibility Criteria- Before you apply for a loan check your eligibility, analyse your credit history and essential documents. You can check the eligibility criteria by visiting the website of banks or can visit the nearest branch of your bank.
Hidden Charges- Hidden charges can disrupt your budget so, before applying for the loan check all the additional or hidden charges. Discuss this point with the lender before loan application. There are different types of charges, check whether it is monthly charge or one-time charge. As the name suggests one-time charges are paid once generally at the time of loan sanctioning. Monthly charges are paid monthly and they should be included in your EMIs.
Conclusion-With all the afore-listed points in mind, getting a home loan becomes much easier and you can easily buy an independent house in Bangalore. So, before you buy your dream home consider the above points.

Government to Sell up to 10% Stake in SAIL via OFS; Infosys Q3 Results Beat Consensus

Distribution days: Three

Global stock markets: Dow 30, -0.03%; S&P 500, +0.2%; Nasdaq, +0.4%; Nikkei, +1.5%; Hang Seng, +0.3%; Kospi, +0.1%

Yesterday, Nifty gapped-up at a record high of 14,639 and made a new ATH of 14,653 intraday. However, it quickly succumbed to profit-booking and lost around 220 points. Some buying was seen in the last 90 minutes as Nifty pared its losses to close flat. Broader market indices, Nifty Midcap (-0.6%) and Smallcap (-0.2%) closed lower. Barring Nifty Pharma (-0.9%), Fin Service (-0.6%), and Realty (-0.3%), all the sectoral indices closed higher. Nifty PSU Bank (+3.3%) was the top gainer, followed by Auto (+0.9%).

With leadership broadening and indices above relevant intermediate-term moving averages, we will continue to look for leadership-quality growth names to form entry points. If a pullback/consolidation happens, it will be crucial for Nifty to hold its 21-DMA. It is advised to closely review the existing positions and book profits in stocks that are extended from their moving averages and showing technical weakness. Also, tracking distribution days is crucial as rising in distribution days can halt the uptrend.

Key News

Steel Auth.Of Ida. (Nse): The government will sell up to a 10% stake in the company via offer for sale on January 14-15 and the offer price has been fixed at Rs 64 per share.

Infosys reported Q3 FY21 results today. PAT was up 7.3% q/q to Rs 5,197 crore, while revenue rose 5.5% q/q to Rs 25,927 crore. Margin advanced 10 bps to 25.4%. The company raised FY21 constant currency revenue growth guidance to 4.5–5.0% from 2–3% earlier and margin guidance to 24.0–24.5% from 23–24% earlier.

Wipro (Nse) posted Q3 FY21 earnings today. IT services EBIT was up 17.1% q/q to Rs 3,320.4 crore, while revenue rose 3.8% q/q to Rs 15,333.1 crore. Margin advanced 245bps to 21.7%.

O’Neil Market Condition Report

For the 24 emerging markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 84%; Rally Attempt, 4%; Uptrend Under Pressure, 12%; Downtrend, 0%.

For the 24 developed markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 66%; Rally Attempt, 0%; Uptrend Under Pressure, 34%; Downtrend, 0%.

Visit Marketsmith India to Read More About Indian Share Market News, Daily Market Tips, Model Portfolio etc.

Reach Influential Professionals from Corporate with Responsive Finance Mailing List

Suppose you are looking to reach independent planners or the CEO of an investment firm. In that case, the Finance Mailing List updated by DataListsGroup contains the data, finance marketers need for a successful direct marketing campaign.

There are around one million financial institutions in the United States. Targeting the perfect audience in a sea of financial corporations is the core to yield a better ROI from marketing campaigns.

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The finance mailing list covers banking solutions, financing, financing advisory, insurance, banking professionals, senior management in financial services, brokerage, and mutual fund providers, investment bankers, insurance professionals’ investments that hold the record of

49,871- Finance mailing list
33,917- Banking industry mailing list
26,340- Credit union mailing list
6,526- Hedge fund email list
7,532- Email list of commercial banks
The finance and banking mailing database consists of a complete form of 603,532 email addresses of finance and banking industry professionals.

The List of Financial Services Companies in USA empowers marketers to target credit unions, banks, and savings institutions that render checking and savings account services and purchase products for operation.

With the profoundly responsive finance industry mailing lists, businesses can reach the most influential professionals from corporate to middle management, working in banking, investment firms, credit unions, loan and mortgage brokers, securities, and stock exchanges.

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You can market to professionals working in the finance and banking industry using the finance mailing list. Financial professionals are always interested in products and services that develop their financial knowledge and implement resources that efficiently and expertly execute their work. These decision-makers are incredibly active to offers including investment materials, hardware/software, industry related subscriptions, seminar/webinars, office supplies, travel, business card, financial services, mobile, surveys, electronic gadgets, and more.

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