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The loan amount depends on the outstanding balance of the existing home loan subject to LTV ratio
Fixed EMI for the entire loan tenure
Home loan balance transfer facility
Co-borrowers of the loan can also avail tax benefit if they are co-owners of the property.
To determine whether you are eligible to get a best home loan or not, there are various criteria involved. Such as income, employment status, loan tenure etc. The criteria differ from bank to bank. But we have given some of the important eligibility criteria
Any consumer who has a regular and steady source of income can get the best home loan.
Irrespective of consumer's profession (salaried, self-employed or business person) he/she can get the best home loan.
The consumer, who wants to apply for the best home loan, should be of minimum 21 years old. Whereas the repayments has to be done by the age of 60, maximum 65.
Applicant's savings history with bank plays an important role in approval of the loan.
If you have a bad credit history, especially before 3 months of applying for the best home loan, it can become a large hurdle in accessing the loan.
Those who have their own business or are self employed, have to present their profits and turn over to determine the value of loan they'll be applying.
The applicant also has to give proof of their current residence. He or she should be staying at that current residence for at least a year. This will be seen as a proof of stability along with employment and financial records.
Applicant needs a good credit score. (750-900 is considered as a good credit score).
Extensive range of home loan products
Quick Loan Disbursement
Pan India branch network
Excellent customer support
Various repayment options
High standards of ethics, integrity and transparency