A Journey To Home Loan In India

Are you planning to purchase your dream house? The availability of varied home loan option sin the market has made it easy to fulfill your dream. Clearly understanding all available housing loan options and selecting the most suitable one can be a difficult task. A good housing loan can help in smoothing the way between you and your dream house. So, it is imperative that you as the buyer have your all basics pertaining to home loan are clear. Below are some basic ‘must know’ facts about housing loans-

Different types of home loan options available in the market- 

Home loans, home extension loans, home improvement loans, land loans, NRI loans, home equity loans, short-term bridge loans, converting high-interest loans, and low-interest housing loans.

Who will be eligible to get the home loan?  

Any Indian resident or a non-resident individual can apply for a home loan. In fact, it is also possible to apply for the home loan even before your property got selected.

How much amount can I get as a home loan? 

Lending institutions do not offer the entire value of the property as the home loan and you will be required to bear 15 per cent-20 per cent of the total cost by your own. Moreover, the loan amount which will be financed will vary between two and three times of the annual household salary. If you are married then you can increase the home loan eligibility amount by clubbing income of your spouse. Loan borrowers would be required to pay some part of the loan every month in, what is known 'equated monthly installments’ (EMI). 

home loan emi calculator

Calculate, compare and then apply for Axis Bank Home Loan. The Bank on which you can rely for easy EMI and cheaper rate of interest.

marble tiles in UK Travertine Marble Kitchen Tiles - Marble Kitchen Tiles and Travertine Kitchen Tiles at great prices from StoneSuperStore. Visit today or call for expert advice on Kitchen Tiles.

whole House HumidifiersBest Price, Fast Delivery and Excellent Support from Humidifiers.com for Whole House and Portable Humidifiers, Humidistats and Accessories from Aprilaire, Lennox, Honeywell, GeneralAire and more. Solve your humidity problems with us!

Lennox X6673Lennox Repair Parts & Filters: For Hart & Cooley, Broan NuTone Products like Hart & Cooley Registers, Hart & Cooley Grilles, Broan NuTone Ventilation Fan Visit HomeComfortDepot.com