Home Loan introduction
Ii is hard for any middle class man in India to build his dream modern home from his savings. So one may get financial assistance that’s why People apply for home loan up to 60 lakh so that they can have every single facility in their mid size home.
Why you should take home loans ?
It does not works in such way that you have enough saving so you should not take home loans. You have several benefit of taking home loans
- income tax rebate
- Save money for other purpose
- Build more facilitated house for future.
How you can apply for home loan ?
Go to bank and meet loan experts and tell your budget and requirements and listen to them carefully. Visit few more banks collect all documents and information. Come to home analyse every option and select a better option as per your requirement.
Documents required along with application for home loan
- Adhar Aard
- Pan Card
- Voter id
- Bank Statement
- Income tax returns of last three years
Approval Process of homeloans
Usually after taking your application banks check or verify such things and then they gives approval of home loan to you.
- Cibil score
- Income tax return
- Financial behavior
Best banks for home loans in india
You might consider these national banks to apply for home loans in India
- Punjab National Banks
- Bank of Baroda
- State Bank of Bikaner and Jaipur
- Uco Bank
- Kanara Bank