Get your Own House with Home Loan - Loan Trivia


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Tuesday 3 July 2018

Get your Own House with Home Loan

“Your home is where your heart is, where you and all your loved ones reside and share all the happiness and sorrows together.” If you live in India, these are not just some philosophical words, it’s a part of the fundamental values you live by. People here don't purchase a home; they buy a dream that they have craved for very long! So, it is crucial for you to do everything within your capabilities to fulfill your dream in the best possible way - buy a bigger, better house in an equally convenient location. A Home Loan can be your best sidekick in the process, making it easier for you to own a house of your dreams.

What is a Home Loan?

A Home Loan is a credit scheme offered by all financial institutions registered with the National Housing Bank (NHB) to provide the required financial support a home buyer may incur while planning to buy a house. The same can be availed by eligible candidates having a decent income enough to repay the loan properly.

What are the Benefits   

High Loan Amount: On an average, a Home Loan can finance up to 70% of the property’s purchase cost, which can be even higher if you choose a better scheme from a good financial lender. 

Flexible Tenor: You get the flexibility to choose the repayment tenor as per your budgetary allowance.

Minimal Documentation: Don't need to provide an exhausting list of documents. You only need to submitted your basic KYCs, income, and financial records to seize the loan amount.

Additional Read:
Home Loan - The Path to Your Own Dream Home

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