Few key points to consider while taking up a Home Loan

1. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Few key points to consider while taking up a Home Loan http://gruhakalyan.com

2. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Important Points to be Considered Although it may seem that the banks are offering huge credits and the financial institutions may be a little liberal. It is also true that once you take a loan the banks will keep a good customer relation with you for ten or twenty years. But in spite of all these factors getting a home loan sanctioned is not so easy as some may think. There are many a sips between the cup and the lip.   For the customer it is even more important to know more about the home loan just like any other financial product or insurance lest you are surprised later with something or the other that may pop up. http://gruhakalyan.com

3. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • This of course involves you to provide the documentation to the representative of the bank who would process your loan application and would assess your eligibility. • After the shortlisting of the property is over you can contact a bank or a financial institution to avail a home loan product suiting your needs. • Alongside, you should also know your eligibility and the amount you are eligible for and then look for a suitable property. The experts suggest these important points which are good to be considered by the customers before they go ahead and sign the dotted line. http://gruhakalyan.com

4. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • The documents generally required by the salaried customers would be the KYC (Know Your Customer) documents, your last three months of pay slips, six months of bank statements, proof of present residence, PAN card, form 16 stating your income and the documents relating to the property if you have shortlisted the property.   • If you are a self-employed person you would need the Income Tax return statements for the last three years along with the business particulars and income statements. • You need to understand that you can opt for a fixed rate of interest or a floating one. In case of a fixed rate of interest the home loan interest rate won’t change whatever may be the case. http://gruhakalyan.com

5. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • In case of floating rate of interest the rate of interest on the home loan would change as per the current rates of the market which is now lowering down. • As and when the rates of interest come down the benefits of it is also passed to the customers. Most of the banking firms and financial institutions are offering competitive interest rates starting at 9.55 percent.   • But if in any case you feel that the rate of interest is more or other banks are offering more lucrative offers or you may need an additional amount you can switch to another bank also.   http://gruhakalyan.com

6. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • There are certain banks where they provide the loans for affordable housing projects at a faster rate and the government has also lowered the (Loan to Value) LTV amount and the customer can avail 90 percent of the property value. • It is good if you apply for a joint loan especially with a lady as there are higher tax exemptions and facilities for paying stamp duty and other payments for ladies. • You should also keep reserve finance for other expenses after you buy the house. Property insurance is optional but it may be that your financial institution may make it mandatory to keep it secure from natural calamities. http://gruhakalyan.com

7. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • If you are a self-employed person you would need the Income Tax return statements for the last three years along with the business particulars and income statements. • Alongside, you should also know your eligibility and the amount you are eligible for and then look for a suitable property. In case of floating rate of interest the rate of interest on the home loan would change as per the current rates of the market which is now lowering down. • The experts suggest these important points which are good to be considered by the customers before they go ahead and sign the dotted line.Thisis also a state level subsidiary authority under the ministry of environment of forests. http://gruhakalyan.com

8. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Property Buying Tips : • Pre-launch Flats Vs. Ready-to-move Apartments • Now is the right time to buy a house or property in Bangalore  • How to buy a flat being Cautious to avoid Problems • Real Estate Regulatory Bill – The Home Buyers Protection Real Estate Marketing News : • Increase of Smaller Homes in Indian Realty Market • Overview of Bangalore Real Estate Market at a Glance • The accentuating prospects of Devenahalli • Why Unsold Realty stocks are increasing in Bangalore • Supreme Court Directs Environment Approval first http://gruhakalyan.com