Many people dream of buying a house but are unable to buy a house with their own money, so they need to take a home loan. People take loan from bank or housing finance company but it becomes very difficult to pay its EMI, due to which they have to face many problems but we will tell you some such ways due to which you will not have to face these problems, so this Do read the Full article.

1) Can collect money like this

home loan emi

If your salary is not so high that you can pay the EMI of your home loan along with running the expenses of your house, then in such a situation, if you submit money in a long term investment plan, then withdraw the money from it for home loan. EMI can be paid. Apart from this, you can consider selling your other luxury items. Apart from this, you can also apply for part time jobs.

2) Talk to the finance company

From whichever bank or housing finance company you have taken a loan, tell them about your problem, so that they can find some solution to your problem. Along with this, he will also give you many other options. Let us tell you that the company may also see the records of the loans taken by you earlier and if they find that record correct, then they may also give you some time to pay the EMI of the home loan.

3) You can take help of grace period

You can also get the grace period by talking to the bank or housing finance company. This can give you some relief from paying home loan EMIs for a short period of time so that you can collect money to pay the EMIs for a longer period of time. Let us tell you that if you talk to a bank or housing finance company, then you may get to pay a lower interest rate with some conditions.

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Apart from this, you can also get the option of refinancing from the bank, considering your problem and checking the past records, the bank can also increase the period of your EMI.

In this way, you get this facility when you have disbursed the loan in the correct period in your previous records.

This is how you can pay the home loan EMI.

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Utilization of backup stash

Absence of pay is the greatest obstruction to your home credit reimbursement. You might deal with this issue on the off chance that you lose your employment or different kinds of revenue reserve funds evaporate. Hence, it’s prudent to keep a backup stash by either keeping the sum in an investment account or in some obligation instrument like fixed stores.

Preferably, this asset ought to be no less than multiple times your ongoing month to month pay. You could go for a greater backup stash reserve funds on the off chance that you ..

The Reserve Bank of India had announced the floating interest rate rule for home loans on October 1, 2019. Most banks consider the repo rate as the benchmark for loans. At present, it is at the lowest level in the last two decades. In such a situation, the borrowers will continue to get the benefit of cheap loans. There will be no change in EMI of existing home loan holders.

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होम लोन लेने वालों में ज्यादातर लोग ऐसे हैं जिनकी इनकम का बड़ा हिस्सा हर महीने ईएमआई के रूप में जाती है. ऐसे में अगर घर का मुख्य कमाने वाला बेरोजगार हो जाता है तो मुश्किलें काफी बढ़ जाती हैं. अगर आपके साथ भी ऐसा होता है तो इस बात को समझें कि इंट्रेस्ट की राशि हर महीने आपके ओवरऑल बैलेंस में जुड़ती जाती है. इससे लोन का टेन्योर तो बढ़ेगा ही साथ में कई और मुश्किलें आ सकती हैं. ऐसे हालात में सबसे पहले अपने बैंक से संपर्क करें और उन्हें अपनी परिस्थिति के बारे में खुलकर बताएं. अगर आपका क्रेडिट हिस्ट्री अच्छा है और आपने लगातार ईएमआई का भुगतान किया है तो बैंक आपको जरूर मोहलत देगा. बैंक आपके होम लोन की अवधि को भी बढ़ाने का अधिकार रखता है जिससे ईएमआई घट जाएगी.

Most of the home loan borrowers are those whose major part of their income goes as EMI every month. In such a situation, if the main earner of the house becomes unemployed, then the difficulties increase significantly. If this happens to you too, then understand that the interest amount gets added to your overall balance every month. This will increase the tenure of the loan as well as can lead to many other difficulties. In such a situation, first of all contact your bank and tell them openly about your situation. If you have a good credit history and you have paid EMIs consistently, then the bank will definitely give you a moratorium. The bank also reserves the right to extend the tenure of your home loan, which will reduce the EMI.

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अगर आप एक या दो ईएमआई मिस करते हैं तो बैंक तुरंत कार्रवाई नहीं करता है. लगातार तीन ईएमआई मिस करने पर बैंक आपको पहले नोटिस जारी करता है. अगर लोन लेने वाला लगातार छह महीने तक ईएमआई का भुगतान नहीं करता है तो बैंक आपके आखिरी बार दो महीने का ग्रेस पीरियड देगा जिससे कि आप दोबारा ईएमआई को जारी कर सकें. इन तमाम कोशिशों के बाद भी अगर ईएमआई जमा नहीं हो पाती है तो बैंक ऐसे लोन को लोन परफॉर्मिंग असेट यानी NPA घोषित कर देता है. अब बैंक आपकी प्रॉपर्टी को सीज कर उसकी नीलामी की प्रक्रिया पर आगे बढ़ सकता है.

If you miss one or two EMIs, the bank does not take immediate action. If you miss three consecutive EMIs, the bank issues you the first notice. If the borrower does not pay the EMI for six consecutive months, then the bank will give you a grace period of two months for the last time so that you can release the EMI again. Even after all these efforts, if the EMI is not deposited, then the bank declares such loan as a loan performing asset ie NPA. Now the bank can seize your property and proceed with the process of auctioning it.

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SARFAESI ऐक्ट 2002 बैंकों को यह अधिकार देता है कि वह लोन लेने वालों की प्रॉपर्टी की नीलामी करे. इसके जरिए बैंक अपने NPA के बोझ को कम करता है. इसके लिए बैंक को किसी कोर्ट से मंजूरी की जरूरत नहीं होती है. लेकिन बैंक पहले इस बात का प्रयास करता है कि किसी तरह ईएमआई दोबारा शुरू हो जाए. जब सारे विकल्प बंद हो जाते हैं तब बैंक किसी भी प्रॉपर्टी की नीलामी की प्रक्रिया में आगे बढ़ता है.

Home Loan

बैंक जिस दिन नीलामी की तारीख का ऐलान करता है उससे पहले तक लोन लेने वालों के पास अपनी प्रॉपर्टी हासिल करने का मौका होता है. वे बैंक को ड्यू पेमेंट कर इस नीलामी की प्रक्रिया को रोक सकते हैं. इसके अलावा बैंक की तरफ से नीलामी की प्रक्रिया की घोषणा के कारण भी कुछ चार्ज अलग से पे करना होगा.
Home Loan

The borrowers have a chance to get their property till the day the bank announces the auction date. They can stop this auction process by paying dues to the bank. Apart from this, due to the announcement of the auction process by the bank, some charges will also have to be paid separately.