Enquire Now

Home Loan Tips

Do your research – It is very important that you get full information about the loan scheme you are trying to buy. Read carefully the terms and conditions in the agreement, double check all the clauses before you finalize on buying. Clarify your doubts with the sales executive thoroughly.

Check the interest rate – Before your decision to take a home loan, check the interest rates with various banks, and choose the one you find comfortable.  If you are lucky enough, you can even negotiate on the interest rate!

Consider the EMI – Based on your income and the amount you can spare, calculate an approximate amount of EMI you can pay. It is important that the EMI should be a comfortable amount without disrupting your monthly household budget and other expenses.

Keep documents in check – Carry all the essential documents when you are going to apply for the loan. Also read all the agreements, consider the options, and properly document all the details of the transaction.