5 Steps to get a Home Loan Easily

1. 18001212399 5 Steps to get a Home Loan Easily Buying a first property is great decision, it’s somewhat a roof over your head that you can call your own and to do so, you need right planning and right guidance. However, getting a home loan to get your first property is a disconcerting task, especially bank tightening their belts and making stringent appraisal norms. Trust me, if you do all things in right way, then you will easily get your loan approved in just a short period of time. Getting confuse about what are the exact things you required to get your first home loan, then we are here to help you with simple yet crucial steps that will bring you closer to your dream home. SRG tell you 5 easy ways to get home loan approved in short period of time: 1. Know Financial Condition The first step before getting a home loan is know whether you are financially fit to pay your home debt or not. One of the major requirements of getting a home loan is to clear EMI’s on time so that you have http://www.srghousing.com/

2. 18001212399 clean image in your financial book. Knowing the repayment capacity is extremely crucial to get your loan application approved. 2. Pay Higher Down Payment Paying atleast 20% of Down payment will release major stress as after paying high down payment, you don’t need to take large amount of loan. The less money you borrow, the less you need to pay. Getting a low amount of loan will get you lower interest rate and it also make lender treat you as a customer that poses a low risk to their finances 3. Maintain Credit Score This is the main factor on which many lenders look upon before approving your home loan. Your CIBIL score tells how good you are with your investments, about your previous loan and how much new your loan can repay. To have a good CIBIL score, you should have clean financial record. Submitting multiple applications for Home Loan will surely affect your credit score, if they are continuously getting rejected. So it’s better to choose your lender carefully and be sure to submit only that application that is sure to get approved. 4. Utilize Co- applicant Feature This feature allow you to make someone a co-applicant of your loan, especially if you make your parents your co-applicant who is also earning good sizeable income then the chances of approving your home loan will surely get higher. Doing so will help them know that you are capable of paying their loan back on time. 5. Pay Attention to Application Form and documents One of the worst reasons of getting your home loan rejected is incorrect application form. So its better to be careful while filling up the form. Being thorough with the form will make you assure that there are no hidden clause that can catch you later. Avoid making mistakes with your account numbers and salary details. These are some points that should be kept in mind while you are getting home loans. While going through home loan process, you should disclose all information, which is relevant to your application. Be honest about detail you are submitting and if you are unsure about eligibility or EMI’s, call your loan lender and know about other option to avoid home loan rejection. SRG provides you many more services like Loan against Property, Repair and Renovation Loan in Rajasthan, etc. Address: 321, S.M. Lodha Complex, Near Shastri Circle, Udaipur - 313001 Rajasthan, India. Call:+91- 294 - 2561882, +91- 294 - 2412609 http://www.srghousing.com/

3. 18001212399 Toll free No.: 18001212399 Mail: info@srghousing.com Web: www.srghousing.com http://www.srghousing.com/