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Home loan and process to get a home loan

Posted By Vishwakarma on Apr 15, 2017

Once you have 'booked' your house, various bank options can be suggested to you by the builders for getting a 'Home loan', depending upon the percentage of total amount for which you want to apply.

The bank representatives then contact you and request documents for verification of your monthly earnings.

Once it is validated that the EMI  for the  loan is payable from your monthly income, you can avail home loan upto 90% of the total cost.

There are various attractive offers on home loan available at different banks & the rate of interest can be anywhere from 8.5% to 10.5%.

Also you can avail tax exemption benefitory repayment of home loan upto Rs. 1,50,000/-