Use your Home Loan amount to purchase a new home at a affordable interest rates.
Construct your home according to your need using your Home Loan amount.
Use your loan amount to renovate and redisgn your old home.
Eligibility for the loan varies from bank to bank and also depends upon the type of the loan. however, the general criteria depend upon your
A Home Loan is an amount of money that one borrows from a bank or non-banking financial company at a certain rate of interest to be paid with the EMI paid every month. The property may or may not be taken as a security by the bank for the Home Loan. The property taken as security or loan is borrowed for can either be commercial or residential in nature.
A Home Loan is one of the most common forms of loan, and it is also one of the most recommended. Mortgage loans come with lower interest rates than almost any other kind of loan an individual borrower can find. Home Loan tanure ranges from 5 to 20 years. A Home Loan interest rate wil be either fixed type or floating type, which is paid monthly or bi-weekly along with a contribution to the principal loan amount. In a fixed interest type Home Loan, the interest rate and the periodic payment are generally the same each month. In a floating type interest rate Home Loan, the interest rate and periodic payment vary every month. Interest rates on floating-rate Home Loans are generally lower than fixed-rate Home Loans because the borrower bears the risk of an increase in interest rates. In order to estimate the total cost of your monthly EMI payments, it's good to use an online Home Loan EMI calculator.
With increasing population and urbanization, there's a fight for living space, which in turn is making property expensive, especially in cities. A housing loan provides a common man the opportunity to buy a home for their family. With Easy EMIs and low-interest rates, people can accommodate EMIs in their monthly expenditure.
Arranging finances for your first home entail looking for the ideal Home Loan. If it comes to Home Loans in India, there's absolutely not any dearth of alternatives. Almost all national degree banks, both public and private, provide Home Loans on different arrangements. Today, there's a Home Loan present for all your requirements. Although, the downside of numerous choices being present is that the perpetual confusion which stems from it.
Why not check all the available best offers of Home Loan before you go for Application and documentation because you only buy your Dream Home, once in a lifetime. So, check everything thoroughly and then apply!!!.
With simple EMIs, leasing a house has become useless; it's virtually as significant as throwing your money away. When you get home on loan, you become its owner in the day that your credit is warranted, and other formalities have been finished. You pay your EMIs per month, which are almost equal to what you would pay on rent; you can also choose to pay less if you’re planning to extend the duration of your loan.
You become the owner of the house when you buy a house, which means you have got full privilege to do whatever you want. Also, as the loan period finishes, you become the full owner. By this time, the value of your home will also get quadrupled going by the speed at which property rates are increasing.
So, we can say for all intents and purpose, buying a house on loan is better than renting it. Now, what are you waiting for? Share with BookMyMoney your Home Loan requirements, and we will take it forward.
BookMyMoney has simplified the loan approval process; all you need to do is tell us about your unique requirements. We have devised a questionnaire, answer the questions, and we will provide you the best housing loans according to your needs. We move forward to credit appraisal and lender selection based on the choice you make, depending on the interest rate on Home Loan and other T&C’s.
One of the most significant benefits offered by BookMyMoney is credit counselling, where our credit experts counsel borrowers and offer them the best deals according to their needs.Other than this, our benefits include-
BookMyMoney offers clarity in all this confusion. BookMyMoney is the one-stop shop that offers you some of the cheapest Home Loans available in India. Not just this, BookMyMoney offers flexible Home Loan options! Getting the Home Loan approved from the bank is a rather time-consuming task. BookMyMoney saves your time, energy, and effort and provides all the information you need right at one spot.
The Home Loan duration can be varied from 12 to 240 months. The minimum and maximum limit extension may be allowed on a case by case basis, but it is rare.
Normally, Banks disburse the loan amount within 7 working days from the loan application date. Once approved, the borrower gets the money deposited automatically into his saving account by any electronic means or he may receive a cheque/draft equal to the loan amount.
The loan amount depends on your income and varies based on whether you are salaried or self-employed. Normally, the banks provide the loan upto the 80 percent of the value of property.
|Maximum APR (Annual Percentage Rate)||10.75% - 22%.|
|Fee applicable for BookMyMoney||Rs 0.|
*Terms and conditions apply. Credit at sole discretion of lender subject to rates, credit appraisal, charges, eligibility check and terms. Information shown is indicative and collected from public sources. This is a free service and no charges are payable by the borrower to BookMyMoney. The Company may receive remuneration from lenders for services provided to them. BookMyMoney is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not supposed to be an offer or solicitation or invitation to borrow or lend. The Company does not undertake any responsibility with respect to the correctness of the content, information and calculations. Information is subject to change without prior notice. By submitting your query or using any tools or calculators, you authorize BookMyMoney to share your information with lender(s), consent for such lender(s) to access your credit information report.