60 likes | 192 Views
One solution for Mortgage loan, Property loan & loan against home with HDFC. Get loan on property and avail benefits of lower mortgage loan interest rates <br>
E N D
While home loans are easily available, it is essential to avail of the one with the lowest interest rate, thereby saving money. • Important criteria such as loan percentage, lowest fixed and floating interest rates, availability of prepayment option. • special concession for women and senior citizen etc, will help people to choose the home loan best suited for them. • Taking a Loan Against Property in present day has become very simple due to more banks and private lenders offering flexible interest rates and various budget options.
Four ways in which you can identify a good home loan scheme are: • Check the percentage of loan offered: One can decide which is the best home loan based on the percentage of the home loan offered. • If one bank is offering 80% of the amount required to buy the house and another is offering 85%, it makes sense to choose the latter. • Analyze the interest rates and prepayment charges: The smartest way to save on home loans is to choose one based on the rate of interest and free processing offered.
Consider loan process and time involved: The process of applying for a loan is a lengthy procedure and requires the submission of many property and income related documents. • The time taken for the application to be considered and the loan to be disbursed differs from bank to bank, but this time should also be taken into account when considering a loan. • Apply to a bank which has a simple process and saves time with better schemes. While there are agents who can guide you through this process, it is not possible to gauge their credibility. • Researching can help you find the best home loan schemes which take the least amount of time.
Click to know more on Home Loan: http://www.hdfc.com/housing-loans/home-loans/for-new-homes-salaried Thank You…