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  • Home Loan Vasai Virar

Home Loan For Cibil Defaulters In Vasai Virar


Things to remember before anyone applies for home loan.

Interest Rate (floating or fixed): Your loan provider can either charge fixed or floating interest rate. Fixed interest rates are best for short tenure, and floating rates for longer period. Hybrid home loans are where you can enjoy benefit of both floating and fixed rates.

Loan Disbursal Time: It may take few days to process and disburse housing loan as there is a thorough check of documentation.

Home Loan Eligibility: The criteria for housing loan eligibility can be different as per personal profile and determined on basis of work stability, employment history, your age, income, credit history Check your home loan eligibility before applying for the loan.

Hidden Charges: The bank or NBFC can levy some charges such as processing charge or late payment charge etc. It is best to read the loan agreement before selecting the loan provider.

Terms and Conditions: There could be certain conditions regarding loan balance transfer, prepayment, repayment, and other things related to your housing loan. Know these in details before making a choice.


Home Loan For Cibil Defaulters


Features and Benefits of Home Loan

Below mentioned are some of the benefits of housing loan:

Low Interest Rate: Since the loan is secured, the home loan rate of interest is low. At our website, you can get rates as low as 8.35%. The rate can be either fixed or floating or combination of the two.

Flexible Tenure: The tenure of home loan is one of the longest. You can repay between 1 year to 15 years and sometimes up to 20 years to 30 years. Repayment tenure depends on the home loan borrowed and other factors.

Maximum Loan Amount: You can get 60 percent to 80 percent of the house’s purchase value. However, you need to pay 20 percent as down payment.

Home Loan Eligibility Requirements

To be eligible for a home loan you need to check for home loan eligibility calculator and criteria. The housing loan eligibility will differ from one financial institute to other but broadly depend on your income, age, credit score, employment information etc. Housing loan is provided to self-employed, professional, salaried individual of Indian nationality.

Age: You as an applicant must be more than 21 years of age.

Home Loan For Cibil Defaulters In Mumbai.

Income: You should have a regular source of income and display healthy repayment ability. For self-employed and businesspersons, the profit on business earned will decide the income limit for housing loan, and for salaried individual it is the monthly salary.

Employment Experience: You should be employed with current employer for specific number of years, as asked by the financial institution

Credit History: A clean credit history will help you get quick home loan  or you can call us if you dont have good cibil record



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Home Loan Vasai Virar

  • Brand: Hsbc Bank
  • Product Code: Home Loan Vasai Virar

Tags: Home Loan For Cibil Defaulters In Vasai Virar

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