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Best Tips To Plan For A Home Loan

Planning early is definitely the key to building your financial future.  Start saving early Today, many young professionals dream of buying a home at the start of their career. Realty developers are of the opinion that acquiring a home in the early years has several advantages. An early start can ease the financial burden of loan repayment. However, between paying the education loan, establishing your career path and getting a footing in the “real world”, taking the responsibility of getting your own home can seem a very daunting challenge. One of the first things which you can start doing in your twenties is building your savings and an investment portfolio. Saving money can take time and it is never too early to start. Cut down on unnecessary expenses The toughest obstacle which you may encounter while saving is changing your purchase habits such as impulse buying.  The only way to do this is to start by developing a habit of generating savings, which is the building ...

Use the interactive home loan EMI calculator to calculate your home loan EMI

HOME LOAN EMI CALCULATOR EMI stands for Equated Monthly Installment which is an important part of your home loan. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMIs. A clear knowledge of the amount that you will need to pay towards EMIs will help you make an informed decision. However, in order to get the best approximation towards EMIs, it is important to use a home loan EMI calculator. With our EMI calculators, you can get a fair understanding about the ratio of the principal amount to the interest due, based on the effect of the home loan tenure and interest rates. Golden Homes Private Limited loan EMI calculator will give an approximate figure for the total monthly installment payments along with a complete break-up of the home loan repayment process. Estimate your EMIs to pay for your home loan by using our feature rich home ...

Emerging affordable destinations in Chennai

The affordable housing sector in Chennai has seen the maximum number of sales out of the total supply when compared to mid-segment and luxury housing, primarily due to low ticket sizes. This housing segment offers ticket sizes below Rs. 30 lakh, and the supply is more than 15,000 units with an absorption of 70 per cent. Associated projects are mostly in the suburban locations of the city, with unit sizes in the 400-700 sq.ft. range. Even as the sale velocity for mid-income and luxury housing in Chennai fluctuates with macro-economic variations, the city’s affordable housing segment has been witnessing steady demand on the outskirts. Overall, the Chennai property market is gaining momentum, since the unsold inventory has dropped in the city compared to all other metro cities, which will boost its residential real estate sector. During first half of 2016, there was few new launches as the developers are extra cautious in launching projects. Buyers on their part are not in a hurry ...