Here is how you plan a home loan?

Buying a house is frequently a huge, difficult choice and finding the correct lender to support the purchase is one of the most significant steps towards achieving your dream.

Jun 25, 2017 04:06 IST India Infoline News Service

Home loan
Buying a house is frequently a huge, difficult choice and finding the correct lender to support the purchase is one of the most significant steps towards achieving your dream. You must equate all terms and conditions and recognise the loan structure before you finalise.
 
Eligibility criteria and documentation
 
From the age of the aspirant to the nature of employment and the average monthly income to work experience, banks evaluate a candidate’s profile in detail to determine eligibility for a housing loan. 
 
Loan amount and tenure
 
The total loan quantity you are eligible for is decided by a group of in-house specialists who use numerous measures to reach at an amount depending on the valuation of the property.
 
EMI and pre-EMI payment
 
EMIs can be fixed or they can vary each month depending on your home loan interest type. While a property is under construction, the full loan amount is not paid to the builder.

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