Hero Housing Finance is a prominent housing finance company operating in India. They specialize These offerings encompass home loans, home improvement loans, in offering a diverse range of home loan products tailored to assist individuals and families in buying, building, or renovating their homes.home construction loans, and balance transfer loans. The company's primary goal is to deliver affordable and easily accessible housing finance solutions, particularly targeting middle and lower income segments.
Estimating house construction cost is vital before starting a project. Costs depend on stages like site clearing, slab, framing, and finishing, along with factors like location, labour, materials, and permits. Using a construction cost calculator helps you plan better, but it’s not a substitute for expert estimates. Website URL: https://www.herohousingfinance.com/blog/knowledge-series-of-experts/house-construction-cost Country List: India
A home loan EMI calculator helps you estimate monthly payments, compare loan options, and choose suitable tenure based on your income. It’s easy to use, customizable, and aids in budgeting. Though it doesn’t include processing fees, it’s a valuable tool for planning and lender comparison. Use it to avoid loan default risks. Website URL: https://www.herohousingfinance.com/blog/knowledge-series-of-experts/benefits-of-home-loan-emi-calculator Country List: India
Home Loan and Plot loans differ in purpose, LTV ratio, tenure, tax benefits, and interest rates. Home loans are ideal for buying or renovating houses and offer tax perks, while plot loans are for land purchase only and usually have shorter tenures. Choose based on your needs, financial goals, and property plans. Website URL: https://www.herohousingfinance.com/blog/knowledge-series-of-experts/land-loan-vs-home-loan Country List: India
PMAY Urban 2.0 aims to provide affordable housing to urban EWS, LIG, and MIG families with subsidies up to ₹2.5 lakh. Launched on 1st Sept 2024, it runs till 2029. The scheme includes tech-driven housing, special focus on vulnerable groups, and up to ₹10 lakh crore investment. Eligibility depends on income, property status, and urban residence. Website URL: https://www.herohousingfinance.com/blog/knowledge-series-of-experts/pmay-urban-2-0-scheme Country List: India
Residual value is the estimated worth of an asset after its useful life ends. It helps in calculating depreciation, lease pricing, and loan evaluation. Use the formula: Residual Value = Salvage Value – Disposal Cost. It’s vital for cost analysis, leasing decisions, and asset management, especially in real estate. Website URL: https://www.herohousingfinance.com/blog/knowledge-series-of-experts/residual-value Country List: India
BBMP property tax is collected in Bangalore based on property type, zone, and usage. Use forms I–VI based on property details. Calculate tax using BBMP’s formula or online tool. Pay via BBMP portal using PID or application number. Early payments get a rebate; late ones incur penalties. Receipts and grievance status can be accessed online. Website URL: https://www.herohousingfinance.com/blog/knowledge-series-of-experts/bbmp-property-tax Country List: India
Choosing between an NBFC and a bank for a home loan depends on your needs. NBFCs offer easier eligibility, faster approvals, and flexibility, especially for those with lower credit scores or non-standard properties. Banks, however, offer lower interest rates, stronger regulation, and wider branch networks. Compare both before deciding. Website URL: https://www.herohousingfinance.com/blog/knowledge-series-of-experts/nbfc-vs-bank-for-home-loan Country List: India
Planning a home renovation? Start by defining your goals, setting a realistic budget, and hiring qualified contractors. Ensure safety, choose sustainable materials, and consider temporary accommodation. To manage costs, explore home renovation loans from Hero Housing Finance. Careful planning leads to a smoother, stress-free remodel. Website URL: https://www.herohousingfinance.com/blog/knowledge-series-of-experts/house-renovation-tips Country List: India
Pensioners can still buy a home with a loan! With minimal paperwork, flexible EMIs, and competitive rates, home loans for retirees are easier than ever. Hero Housing Finance offers Home Loans for Pensioners up to ₹3 crore loans up to age 70. Check eligibility, required documents, and apply easily online with their pensioner-friendly process. Website URL: https://www.herohousingfinance.com/blog/knowledge-series-of-experts/home-loan-for-pensioners Country List: India
Jamabandi Nakal is a land record document listing ownership, crop, and tax details. It’s crucial for buying, selling, loans, and mutation. You can view or download it online via state-specific land portals or get a certified copy from the Tehsil office. Errors can be corrected by applying to the Patwari or Revenue Officer with valid proof. Website URL: https://www.herohousingfinance.com/blog/knowledge-series-of-experts/jamabandi-nakal-online-check Country List: India