Home Loans Tips

• To get a home loan never try to make document or you might face serious problems in future.
• Avoid 3rd party loan agent and prefer direct bank home loan agents only.
• Prefer nationalise banks like SBI, Bank of India or better loan rates and clean process, or
• you can perfer a home loan specialized bank like HDFC Home Loan Finance Ltd for a clean and quick process.
• Pre-approved home loan gives an advantage while negotiating a home buying deal.
• Your home loan EMI should not be more than 40% of your take away(net) salary.
• Go for a longer home loan tenure(20 years+) as low EMI, rupee devaluation and property price appriciation over a period of time more benefitial.
• Try making home loan pre-payments as a part of your yearly investments as it reduces the home loan principal amount. Reducing loan EMI amount or loan period is optional and take what helps you the best.

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