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Looking for home loan? Here’s how to choose your lender

Home loans at attractive interest rates from HDFC Home loans. Best home loan rates for women and salaried individuals.Home loans at lower processing fees<br>

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Looking for home loan? Here’s how to choose your lender

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  1. Home Loan Rates

  2. Looking for home loan? Here’s how to choose your lender

  3. Loan amount and eligibility The quantum of loan you are likely to get will depend on your monthly income and the value of the property. Typically, the loan amount would be 80-85% of the property value. Interest rateThe rate of interest on the loan, which will influence the EMI and the total interest paid by you, must be considered before applying for the home loan. Shop around for rates and choose the most competitive one. 

  4. Processing charges and prepayment The processing fee is the charge banks deduct for processing the loan, through Home Loan Rates. This can be anywhere between 0.25%-2% of the loan amount. Lenders also set terms and conditions pertaining to prepayment.

  5. Responsiveness to change in ratesAnother important thing is to judge your lender based on how quickly and by how much the lender changes its interest rates following policy changes by the Reserve Bank of India.  • DocumentationThough most lenders seek the same documents, like proof of age, address and income, actual requirements may vary.  • Source: http://economictimes.indiatimes.com/wealth/borrow/looking-for-home-loan-heres-how-to-choose-your-lender/articleshow/52476600.cms

  6. Follow us on : https://www.facebook.com/HDFCHomeLoanExperts https://twitter.com/HomeLoansByHDFC https://www.youtube.com/user/hdfcltd https://www.linkedin.com/company/hdfc?trk=top_nav_home

  7. Click to know more on Home Loan Rates : https://www.hdfc.com/home-loans-salaried Thank You…

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