Guidelines For Easy Property Loan Repayment

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Are you on the look out to purchase a property? Do you require a lender who is ready to lend you at reasonable rates? Then you must keep some important aspects in mind before going for a Home Loan Scheme.


It is to be noted that property involves long-standing monetary commitment and not all borrowers are well-resourced to control the home loan debts.


Financial discipline is the mantra to be followed prior to bearing a colossal monetary obligation.

The process of managing the debts effectively includes the following steps-

  • Categorize The Expenditure Pattern- Monthly expenditure usually includes factors like healthcare, insurance, transport, housing, food, entertainment, education, emergency needs and other over dues. Calculating the variation between the monthly earnings and preset expenses would provide you the additional money on hand every month.
  • Borrow Only The required Amount- It is a thumb rule, that the monthly EMI should not exceed more than 30 to 40 percent of the standard income. Remember not to borrow more than required if the interest rates are low, as interest rates tend to alter. Hence, an increase in interest rates would convert into more EMIs.
  • Accumulate Margin Money- The borrower must arrange the margin money as Banks only provide loan up to 80 to 90 percent of the cost of the home.
  • Choose The Appropriate Lender- When you select a lender keep the following factors in mind-
    • The money the lender is willing to sanction
    • The interest rate
    • Additional cost of the home loan
    • Penalties
    • Client servicing levels
    • Response from existing customers
    • How regularly the lender has passed on rate hikes to the borrowers

Keep in mind that a home loan is a long-standing financial commitment and it is crucial to establish beforehand that it does not become nerve-racking for you to repay the home loan debt. Careful financial planning and meticulous execution of the plan is the key for easy repayment of home loan.

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  • Admin

    Richa Bhardwaj

    24 August, 2018 at 3:55 pm

    Before taking a loan one needs to know the exact requirement of oneself. This area needs to be examined properly. A good analysis is mandatory before making any decision. Thanks.

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  • Admin

    Vineet Jain

    24 August, 2018 at 3:57 pm

    Hello Everyone, as I think, choosing the appropriate lender matters the most. And, looking at the parameters you outlined is a must-doing task. Thanks for the good post. Keep writing...!!!

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  • Admin

    Elina Joshef

    15 March, 2011 at 11:12 am

    I read your article which is very informative. Thanks for this awesome post!!

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  • Admin


    14 March, 2011 at 12:15 pm

    Your Blog is really very good!! Keep Your Blog Postiing!!

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