#iifl home loan

[loanandfinance]

NRI Home Loan Eligibility: Key Requirements Explained

Learn about NRI home loan eligibility, including key factors like income, property type, and documentation required to secure a loan in India.

[squarefeetgroup]

Strategic Financial Planning: Achieving Homeownership by 2030

Introduction:

As we embark on a new year, many individuals set ambitious goals for the future. One common aspiration is to become a homeowner, a dream that requires careful financial planning and commitment. In this article, we present a detailed financial blueprint tailored to help you achieve the milestone of homeownership by the end of the decade.

Assessing Your Financial Landscape:

Before delving into the intricacies of the homebuying journey, it's crucial to assess your current financial situation. Adhil Shetty, CEO of Bankbazaar, advises a meticulous examination of your finances, including income, expenses, and existing savings. Creating a budget and allocating funds towards a down payment over a suitable time frame is the first step in this transformative process.

Reducing unnecessary expenses is highlighted by Abhishikta Munjal, Chief Risk Officer at IIFL Home Finance, as a key strategy. Furthermore, enhancing your credit score is emphasized, as it significantly impacts the likelihood of securing a favorable home loan. Building an emergency fund and acquiring medical and life insurance are essential safeguards before embarking on the journey to homeownership.

Creating a Savings Plan:

To illustrate the financial commitment required, let's consider a scenario where the cost of the desired home is Rs one crore, and a down payment of Rs 25 lakh is needed by 2030. By employing a systematic investment plan (SIP) with a monthly contribution of Rs 25,000, assuming an average return of 12 percent over six years, you could accumulate a total value of Rs 26,43,926.

Additionally, having an extra Rs 1.43 lakh can act as a buffer for exit charges, tax implications, or paperwork expenses. Pro tip: Diversify your investments in mutual funds across different fund houses to mitigate risk, and opt for direct plans and growth options for maximum savings.

Home Loan and Repayment Strategies:

Assuming a home loan amount of Rs 75 lakh with an 8.5 percent interest rate, the monthly EMI would be Rs 60,392. Over a 25-year tenure, the total interest paid would amount to Rs 1,06,17,609. To mitigate this burden, it's advised to create a financial plan for additional lump sum investments.

For instance, an annual lump sum investment of Rs 50,000, with an average return of 12 percent over seven years (starting the second year of your home loan), could yield a total value of Rs 1,10,534. By consistently making this investment between 2024 and 2028, you could have an additional inflow of Rs 1,10,534 every year between 2031 and 2035, which can be used to prepay your loan.

Prepayment Strategies:

To expedite the repayment process, consider aiming to pay at least two extra EMIs every year. If you combine the annual lump sum investment with an additional contribution of Rs 10,250 from your pocket, the tenure can be reduced to 16 years, resulting in a significant interest savings of Rs 42.84 lakh.

Alternatively, increasing your EMI by 10 percent each year can further accelerate the process. With this approach, the tenure can be reduced to 10 years, and the interest paid would be reduced to Rs 46,04,466. These strategies empower you to take control of your loan repayment and save substantially on interest costs.

Regulatory Considerations:

The Reserve Bank of India (RBI) guidelines stipulate varying down payment requirements based on the loan amount. For loans exceeding Rs 75 lakh, a minimum down payment of 25 percent of the property value is required. Loans between Rs 30 lakh and Rs 75 lakh necessitate a 20 percent down payment, while loans up to Rs 30 lakh require a 10 percent down payment. It's important to note that the borrower's credit history also plays a crucial role in loan approval.

Market Volatility and Risk Mitigation:

While planning for the future, it's essential to acknowledge the volatility of the equity market. A downturn in the markets may necessitate adjusting your timeline for home purchase. Alternatively, withdrawing the invested amount a few months earlier once the target is achieved and securing it in a fixed deposit is a prudent approach to safeguard against market fluctuations.

Considerations for the Unforeseen:

To protect your family from the financial burden of the loan in the event of unfortunate circumstances such as disability, critical illness, or untimely demise, it's advisable to explore home loan insurance options.

Conclusion:

Achieving the goal of homeownership by 2030 requires meticulous financial planning and disciplined execution. By assessing your current financial position, creating a savings plan, and strategically managing your home loan, you can turn this aspiration into reality. The outlined strategies provide a roadmap to not only acquire your dream home but also to do so with financial prudence and security. As we step into the new year, let this be the beginning of a journey towards a home that symbolizes not just shelter but a testament to your financial foresight and discipline.

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[iifl-loan]

Gold Loan At Home – Apply Doorstep Gold Loan | IIFL Finance

Gold Loan At Home - Apply for doorstep gold loan online at IIFL Finance. Get the easy gold loan at doorstep with low interest rates and quick loan disbursal. Apply Now!

[questlation]

Achieved INR 100 crore revenue in FY 2022-23 resulting in 7x growth over the past 18 monthsWorking with more than 100 customers to revolutionize debt collections with its SaaS-based integrated technology platformNEW DELHI, April 19, 2023 /PRNewswire/ -- Credgenics, a leading provider of SaaS-based debt collections and resolution technology platform has announced that it has achieved operational profitability in its fourth year of operation. The company's success is attributed to its innovative approach to debt management, which leverages technology to digitally transform the debt collections processes for Banks, NBFCs, FinTechs and ARCs. Credgenics anticipates growing by more than 100% in the current fiscal year, with an expected revenue of approximately INR 240 crore. Backed by WestBridge Capital, Tanglin Venture Partners, and Accel Partners, Credgenics has touched an overall loan book worth USD 47 Billion in FY 22. Credgenics has seen lenders improve their collection efficiency by 25% and reduce the costs of collections by 40%. Credgenics is working with some of the leading private banks and non-banking financial companies, including IIFL Finance, Mahindra Finance, IREP Credit Capital and others, as well as Fintechs, the future lenders. The company has handled 40 million retail loans till date and sends 60 million digital communications every month. Speaking on the announcement, Rishabh Goel, Co-Founder & CEO, Credgenics said, "We are excited to have achieved our revenue target of INR 100 crore in the financial year 2022-23 and we expect to clock 100% YoY revenue growth in FY 2023-24 to reach INR 240 crore. We strongly believe that our success reflects our commitment to continue delivering exceptional customer experience and driving positive business outcomes for our clients." Anand Agrawal, Co-Founder & CPTO, Credgenics commented, "Since the last fundraise in 2021, our revenue has increased 7 times, our customer base has expanded five times to reach 100, and our employee count has increased to 300, which is five times its previous size." "The ability to lend money is contingent on having an effective debt collection mechanism in place. Though lenders have traditionally tackled this issue through various methods such as relying on manual efforts, complex home-grown systems, outsourcing control to agencies and using multiple disconnected systems. In contrast, we have provided futuristic technology solutions to address this challenge efficiently through our automated, digitized and data-driven platform," said Agrawal. "We have adequate capital, and while we continue to add on our robust market presence in India, our efforts will also be directed towards expanding our business to international markets, including Southeast Asia. We commenced our operations in Indonesia last year and are soon entering Vietnam," Goel added. Credgenics offers insights-driven personalized approach for communications across multiple channels, including chatbots, voicebots, WhatsApp, IVR, SMS, and emails. The market-leading platform offers a comprehensive suite of debt resolution solutions including digital collections, litigation management, field collections mobile app, and payments platform that use AI driven intelligent automation and Machine Learning models to deliver highly efficient collections. With these advanced technologies, Credgenics is able to help creditors reimagine their debt collection process while also providing debtors with a more user-friendly and efficient experience. Credgenics has expanded this year with offices now in 7 locations including Delhi NCR, Hyderabad, Mumbai, Jakarta and Singapore and will soon be opening in Vietnam as well. About Credgenics: Credgenics is the leading provider of Loan Collections and Debt Resolution technology platform to Banks, Non-banking finance companies, FinTechs, and ARCs worldwide. The AI-powered SaaS-based platform has been recognized as the #1 Best Selling Loan Collections Platform in India by IBS Intelligence in their Annual Sales League Table 2022.

Credgenics works with more than 100 customers and has touched an overall loan book worth USD 47 Billion in FY 22. It has handled 40 million retail loans till date and sends 60 million digital communications every month. With Credgenics, lenders have increased resolution rates by 20%, improved collections by 25%, reduced collections cost by 40%, reduced collections time by 30%, and improved legal efficiencies by 60%. https://www.credgenics.com/ Logo: https://mma.prnewswire.com/media/1844975/Credgenics_Logo.jpg View original content:https://www.prnewswire.com/in/news-releases/credgenics-turns-operationally-profitable-eyes-inr-240-crore-revenue-this-fiscal-301800753.html Source link

[news-apke-saath]

IIFL Finance’s 'Gold Loan Mela’ Offers Gifts to All Customers Taking Gold Loan until March 20

HARYANA .  IIFL Finance, which is one of India’s largest non-banking financial companies, has launched ‘Gold Loan Mela’ for customers of Haryana with exciting offers. This offer is valid across all 96 branches of Haryana until March 20, 2023. Nine lucky customers will be taking home a 32 inch LED TV, while there are assured gifts for every customer who takes gold loan from IIFL Finance branch…

[moneymava]

IIFL Personal Loan Process | IIFL Personal Loan Apply Online | IIFL loan ఎలా తీసుకోవాలి | Interest Rate

IIFL Personal Loan Process | IIFL Personal Loan Apply Online | IIFL loan ఎలా తీసుకోవాలి | Interest Rate

IIFL Finance customized personal loans are designed around your capital requirements with a hassle-free application process. This quick personal loan can accomplish your plans such as marriage, vacations, home renovation and much more. With IIFL Finance’s best personal loan in India, you do not have to compromise on your bucket list! IIFL Personal Loan up to 5 Lakh is designed to ensure that you…

[prittleprattlenews]

Andhra Pradesh Housing Minister Cherukuvada Sri Ranganadha Raju distributed IIFL Home Loan sanction letters to BLC-PMAY(U) beneficiaries

https://www.prittleprattlenews.com/economy/andhra-pradesh-housing-minister/

[ultimateonlinemortgage]

Customer testimonial – IIFL Swaraj Home Loan | Ultimateonlinemortgage.com Here's what our Swaraj Home Loan customer has to say about us!

[loanandfinance]

What should You Do When a Pre-Approved Home Loan Expires ? | IIFL Home Loan

Discover what to do when your pre-approved home loan expires. Get tips on renewing, reapplying, and keeping your home-buying journey on track.

[homelogica]

     Blue Waters Pune Luxury 1,2,3 BHK  Flats | Homelogica

Blue Waters is a residential  development  by  VTP Realty. The project is sufficed with all world class amenities  it covers 1BHK, 2BHK and 3BHK apartments.  it has good connectivity to the rest of the city. which has been constructed with unique designs and wonderful amenities. The township has VTP Leonara, VTP Alpine, VTP Bel Air together with VTP Town Square in the 100 acres of landscape. In order to meet the requirements of modern lifestyle

Blue Waters

VTP Blue Water in Mahalunge, Pune by VTP Realty is a residential project. The project offers Apartment with perfect combination of contemporary architecture and features to provide comfortable living. The Apartment are of the following configurations: 1BHK, 2BHK and 3BHK The size of the Apartment ranges in between 423 sq. ft to 1236 Sq. ft VTP Blue Water price ranges from 34.57 Lacs to 1.06 Cr. VTP Blue Water offers facilities such as Gymnasium, Badminton court, Lawn tennis court and Swimming pool. It also offers services like Community hall & Car parking. The project is Vastu complaint. Bank loan approved from HDFC Home Loans, ICICI Bank, State Bank of India, Indiabulls, Dewan Housing Finance Corporation Limited DHFL and IIFL Home Loan. It is an under construction project with possession offered in 2yrs to 3.5yrs The project is spread over a total area of 100 acres of land. Project Highlights: VTP Blue Water is a township project and comprises of 4 residential projects VTP Aethereus, VTP Bel Air, VTP Leonara, VTP Alpine & a commercial project VTP Town Square.

All projects are registered under MahaRERA: P52100009531, P52100009529, P52100019994, P52100020112, P52100019986, P52100020081, P52100020331, P52100007943, P52100008950, P52100026772.

Every unit is designed with "Maximum Livable Area” Philosophy where your home is planned with the most optimized space utilization with Zero wastage.

Features: High-Street Shopping, Luxury Lifestyle Club, Sports Academies, Full-Size Cricket Ground, Two swimming pools (one infinity pool and other leisure pool)

   Contact

Homelogica

 VTP Blue Waters Lifestyle Facilities

 1 km river side promenade along the flowing river.

Convenient pick up and drop off points for buses/cabs

Large well designed roads with iconic junctions

Plenty of trees and open greens

Cafes and eateries

Grocery and convenient stores

Premium lodging facility for guests

Ecofriendly and sustainable features.

Accessible from all major hubs in Western Pune

Full size cricket ground with pavilions

Horse riding club

Spiritual centers and places of worship

[futuremoneyeasy]

5 Times A Personal Loan Can Help You Out In Emergencies

An individual advance is an incredible companion in the midst of hardship. That is the motivation behind why the Indian family unit devours a lot of moment individual credits to tide through crises. According to an RBI report, banks had Rs. 5.89 lakh of extraordinary individual advances as of May 2010. By June 2018, the personal loan finance company in Delhi's complete remarkable sum had arrived at Rs. 19.33 lakh crore.

At the point when you are in dire need of assets, you can't bear to trust that 3 days will get the advance authorized. Just a crisis individual personal loan settlement agencies in Delhi advance can help you when time is including some built-in costs. Searching for assets in a crisis? Here are five different ways an individual credit can help.

Health-related crises

A health-related crisis is one of the top reasons why one may apply for individual credit. With expanding clinical and hospitalization costs, even those with medical coverage spread make some extreme memories taking care of the tabs. You may debilitate your aggregate guaranteed or you may need to cover medical clinic tabs for an old parent with no medical coverage.

In such a circumstance, a moment individual credit can be a lifeline. At the point when you apply for an individual advance from IIFL Finance, you can get the advance sum in your record in 8 hours with the goal that you get the cash when you need it the most.

Obligation union

Exorbitant acknowledge, for example, those from Mastercards that charge high paces of intrigue can without much of a stretch run wild quickly. Or then again, you may have different advances remarkable that are putting weight on your funds. Some of the time, you may have only 24 hours to pay your EMIs before you default on your credit. A crisis individual credit can get you out of such an emergency. You can likewise take an individual advance to combine (pay off) every one of your obligations that charge high loan costs.

Wedding costs

India's huge weddings are celebrated private personal loan providers in Delhi worldwide and costs can wind wild when style and luxury become the thing to address. Notwithstanding appropriate arranging, wedding costs quite often cross the financial plan and gauges. Today, the expense of a medium-scale wedding begins at Rs. 10 lakh in India.[2] When expenses are high, there is a high chance that you may confront a budgetary crisis from a startling quarter.

For instance, your cooking spending plan may expand from Rs. 5 lakh to Rs. 10 lakh and you may need to pay the cook inside 12 hours or even less. At the point when you are shy of assets, a moment individual credit can make all the difference for you.

Advanced education costs

Instruction credit from a bank may not cover every single cost when your youngster is going through advanced education. There are living costs, voyaging costs and a heap of different costs that requires a lot of cash. In the event that you are shy of assets before sending your youngster to an unfamiliar college abroad or in India, you can apply for an individual advance and meet his/her advanced education costs.

As some training credits charge high paces of intrigue, you can likewise decide on an individual advance to finance your kid's instruction in India and abroad. You can apply for IIFL's Express Personal Loan and get up to Rs. 25 lakh in your record inside 48 hours.

Home fix and remodel

While home remodel may not be something that we can call a crisis, there are times when our homes may require a crisis fix. You can have a harmed divider or roof just before the storm, or a few pieces of your home might be in critical need of fix or redesign before a pivotal event.

Such fixes and redesign can hardly wait for quite a personal loan provider in south Delhi long time; in this way, you will require crisis assets at short notification. You can either delve into your investment funds or apply for a moment individual advance to pay for the expenses of a fix.

Before you choose a loan specialist, it's critical to contrast and different banks and NBFCs and take an educated choice. personal loan providers in east Delhi Check for financing costs, sort of loan costs (coasting or fixed), preparing expenses, prepayment charges, advance residency, and so on. These are the essential things that you have to check. Try not to succumb to the snare of low EMIs, utilize an individual advance EMI mini-computer, and check how much additional you are paying for the advance by broadening your residency.

Contact Details

Name - Future Money Easy Services Pvt. Ltd Email - info.futuremoneyeasy@gmail.com

[sharmaanika388]

Now you have chosen your own property and have an idea about your loan eligibility, the next procedure is to apply for the home loan. The process of obtaining the home loan is a daunting task, especially if you have never applied for any loan earlier. But once you choose IIFL Home loan, the process becomes simpler with the fastest processing and affordable EMIs at your reach. Isn’t it the perfect choice for new or experienced home buyers? Well, India Infoline Housing Finance Limited (IIFL) has made it convenient for both salaried or self-employed individuals for availing a home loan with competitive interest rates whether if it is for the purchase of row houses, bungalows, flats and even plots. In addition, an expert legal and technical counseling session are provided for making the home buying process much easier.

[andalmartina]

Home Finance Company

Tips To Choose The Best House Finances Companies

 Meta Description: Taking loans from unreliable sources for the home can be dangerous. That is why always choose the best company for your house loan.

 For making our house, we need money. Nobody has that much amount in their house or the bank. That is why they opt for a home finance company. It means that people take loans either from banks or other sources to make their dream house.

The banks check all the details of the customers and after that only they decide to provide loans to the customers. Several procedures are there and after that, the loan is approved.

 Different Types Of House Finance Loans

Several types of home finance companies are there. Choose the loans accordingly after reading all the agreements. One of the best LIC Housing Loan. This company offers attractive home loans to people at a low rate of interest.

Moreover, HDFC housing finance is also there. It also offers a low rate of interest and has several loan schemes. They provide loans to students as well as pensioners. Another one is IIFL Housing finance and which offers attractive loans to everybody for the highest tenure of at least 20 years.

 Usefulness Of Home Finance

People opt for home finances because they don't have money in their pockets. The servicemen or businessmen are unable to pay the exact amount to the bank at the time of purchase. That is why they choose a home finance company.

You need to give interest to the bank per month and then you can stay. Other than that, if you wish then you can also reduce your period and compensate for the money. The company provides all types of benefits to the customers.

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IIFL Home Loan Bonds

Unsecured Subordinated Reddemable NCDs By IIFL Home Finance Limited, One Of The Leading Housing Companies. Double Your Money In 87 Months At The Interest Rate Of 10%.

[affordablehouse123]

Signature Global Signum 107- Establishment of Affordable Shops

It is an affordable Project developed by one of the Gurgaon well-known Developers, Signature Global. Mr. Pradeep Aggarwal founded the Signature Global group and set quality and global standards in the real estate industry. Signature Global (India) Private Limited is a 21st-century real estate development company. We aspire to deliver some of India's innovative real estate projects. 

Signature Global Signum 107 is a new-generation project with all modern facilities and amenities. It is first ready to move commercial shop in Gurgaon by Signature Global. This commercial complex is located at Signature Global's first affordable housing project in Gurgaon at sector 107. It is uniquely designed and ready for consumers to move retail shops in Gurgaon. In this commercial Project, we provision chemist stores, salons, branded clothes shops, and restaurants. Ice cream outlets, bars, Kids' shop, ATM

The properties of this Property are available in numerous configurations. This Project covers an area of 188 sq. ft. The Project has a vast Dimension and has a single tower here. 

ALL HIGHLIGHTS IN THE SIGNATURE 107 PROJECT -

Approved by HDFC Home Loans, ICICI Bank, and IIFL Home Loan.

Schools, shopping within close vicinity.

State of the art and architecture

High street retail market

Fully Tiled Floors in the shops

Also, Sit outs and Common area

Good ventilation provided in shops

Exclusive community and creche area

Provision for water and power backup

All in One Retail & Business Hub

Entry to retail from a 60-meter wide road

AMENITIES YOU GET IN THESE AFFORDABLE SHOPS IN GURGAON –

Food Court

 ATM

Cafeteria

 CCTV Camera Security

24/7 Power Backup

Smoke/Heat Sensors

Emergency Rescue / Alarms

Burglar Alarm

Significantly Tight Security

All in one Hypermarket in Signum 107

LOCATION ADVANTAGE FOR REACHING ON THIS PROPERTY-

It is connected to Dwarka Expressway and NH-8. Signature Signum 107 has smooth connectivity to other commercial and residential in Gurgaon. The nearest landmark is M3M Woodshire which is 450 meters away. Few Minutes from the upcoming metro. In addition to this, This Project is centrally located with access from the main road.