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Loan against property from HDFC Ltd offers a higher loan amount at an attractive interest rate. Avail loan against a residential or commercial property now<br>
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There’s no denying that buying a home is one of the most crucial financial decision you can make in your entire life. • This is why you need to know each and every aspect that impacts the approval or rejection of a particular loan application. • In case you are a prospective home buyer looking to get your loan disbursed without much complications, here are 6 essential tips to help you out.
Gauge Your Financial Situation All the banks that offer a Loan Against Home these days intensely scrutinize your capability to repay the amount you apply for. Considering the fact that buying a home in India currently would, at the minimum, cost you INR. 40 lakh, you certainly need to have a proper plan to repay the amount.
Use the Co-applicant Feature If you’re already sizing up options and filling up application forms, you must have come across the column that asks for a co-applicant’s’ name. Use this to your advantage. If you have a spouse who is also earning a sizeable income, you can use them as a co-signer. This will improve your chances of getting a better loan amount as banks allow you to club the net income of the signees.
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