Loan Bazaar

  There’s one uncomfortable truth about the mortgage loan that we’d like to reveal to you. Not every loan against property is as good as it looks on paper! Why? The hidden charges, tricky terms and policies of the lenders, and vague communication - all this turns your “dream deal” into a long-term financial burden.   So, if you’re planning to apply for a mortgage loan or explore it in general for plans, Loan Bazaar is here to bail you out from the red flags that you might not be able to see, but are present. The Interest Rate Sounds Too Good to Be True Every borrower wants a loan against property at the lowest interest rate, but the ultra-low rates often come with a trail of issues. But first, understand that there are two types of interest rates that a borrower can get. Fixed rate, which remains unchanged for a set period, further ensures predictable EMIs and easier financial planning. The other one is the Floating rate, which is based on market conditions and bench...

  House…. Final! Plans… Locked in. Bank...? “We’ll get back to you!” Are you stuck in this loop? Or you’re not applying for a home loan due to this scenario? Whatever the case may be, getting a house loan approved doesn’t have to feel like waiting for summer to end! So, if you are hunting for the cheapest interest rate home loan or thinking of closing the deal before someone else does, remember that it isn’t luck but preparation. Therefore, here are six tricks by Loan Bazaar that can slash your approval or waiting time dramatically. Trick 1: Fix Your CIBIL Score Before You Even Apply Nothing is better than a CIBIL score for a home loan that’s either 750 or above. Because it is what the lender will look for in the first place. He needs to trust you before giving you the money required. And it's the polite difference between getting the best home loan interest rates and being shown the door back home. With a score of 750 and above, lenders nearly compete to give the loan,...

  The most dangerous home loan decisions are often the ones that feel the safest! Applying for a house loan is definitely the most vulnerable point in life. You hope that everything goes safely, the process, the sanction, and the other thousand thoughts that are going on in your mind, etc. Playing safe can help, but overdoing that can prove otherwise. Why and how? Let’s see. Although it is a tendency to look for stability, avoid risks, and stick to what seems trustworthy and reliable, here’s what you might’ve been neglecting. In the name of ‘safe choices,’ those might actually be working against you in the long run. From opting for the wrong structure to delaying decisions in the name of safekeeping, such habits can increase your financial stress or limit your flexibility. So, if you are planning to apply for a loan or have already applied for one, it’s worth your time and money to understand that some decisions that you think can protect you may actually go haywire. Choosing T...

  When Demand for Loans Rises… But Money Doesn’t There’s a silent shift happening in India’s banking system, and most borrowers don’t even notice it. Today, more people are taking loans than ever before. Families are finally buying their dream homes, young professionals are using  personal loans  to upgrade their lifestyle, and businesses are borrowing to expand faster. On the surface, everything looks positive. Growth is happening, aspirations are rising, and credit is flowing. But behind the scenes, banks are facing a very different reality. While loans are growing rapidly, the money people keep in banks is not growing at the same pace. And this imbalance is quietly putting pressure on the entire system. It naturally raises a question most people never think about: If banks are giving out more loans than they have money for… where are they getting the rest? The answer lies in something called the  credit vs deposit gap  — and understanding this c...