Home Loan Balance Transfer

Every individual looks forward to having his/her own house. Today, buying a house is no more a luxury. With Rupas Capital Services, availing a home loan is hassle-free and easy. We help you make your dream into an affordable reality. A home loan or housing loan is a secured loan that you can borrow from any bank or lending institution for purchase, construction, extension or renovation of a residential/commercial property. The concerned property acts as a collateral against the loan, i.e. if the borrower fails to repay the loan, the bank or lending institution will retrieve the money by selling the concerned property. Home loan repayments are done through EMI (Equated Monthly Installments) and the amount typically depends on the amount of loan, tenure (number of years the loan is borrowed for) and the rate of interest charged by the bank or lending institution. HDFC started the trend of home loans in 1978. Before 2002, there were no regulations to deal with defaults on home loans. The introduction of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) in 2002 gave banks the power to deal with Home Loan defaults. This Act encouraged the banks to foray into the home