wishes to have a dream home! A Home loan can assist you in realizing
such goal. The materials and man power required to build a home
are headache to us. Even lands and plots are as expensive as the
heaven. In fact, the prices of property are increasing day by
day. Availing such loan needs to be very careful since the loan
must be repay in time.
loan are customer friendly and easily repayable. This is only
loan which is simple and secured over the home. There are varieties
of suppliers for the mortgage and you will shop around and apply
for the best. Home loans are available for construction, purchase
of a house or a flat in resale, the purchase of a plot of land,
for the renovation and improvement of the house and lastly the
extension of the house. Purchaser can pay back the loan over a
maximum period of 20 years in case the clients are salaried and
15 years in case of self employed.
for the loan
are eligible as a co-applicant for the Home Loan and the loan
company will include his / her income to enhance the loan amount.
repayment capacity is determined by taking into account the applicant's
age, income, number of dependants, assets, liabilities, stability
/ continuity of employment / business and the co-applicant's income.
home loan is to be repaid regularly in Equated Monthly Installments
(EMIs). The interest is called pre-EMI interest. Pre-EMI interest
is payable every month from the date of each disbursement up to
the date of commencement of EMI.
for the loan
for the loan is a must to avoid any problem in the process, normally
by way of deposit of title deed. To avail the new home loan, all
debts and previous loans should be clear. This will save from
extra paper work when applying for a home loan.
list is an indicative of the popular loan company that has a wide
branch network and customers.
Loan and Finance Company
Brother Loan and Finance Company which is based in Illinois was
incorporated in 1990 to
provide Emergency Loans to the dedicated working public. The company
offers short-term personal installment loans that range in value
from USD 531 to USD 1078. Recently, the company offers two convenient
repayment options to eliminate the hassles of having to mail in
payments. Customer can repay the loan amount either through Automated
Clearing House (ACH) or Electronic Funds Transfer (EFT) payments.
ACH loans are set up through payroll allotments available through
Loan in US
Loan was founded in 1971 to help homeowners, even those with less-than-perfect
credit, receive the financing they deserve. Home Loan provides
its valuable services to customers in 36 states in the US. The
company supports over 70,000 people refinance their homes, consolidate
debt, buy new homes, and get cash for expenses - even people struggling
with their finances. A consumer can use the equity to pay for
renovations and updates, either for supplies or to hire architects
and contractors for a bigger remodel.
Bank in India
Bank was founded in 1977 to help the Indians experience the joy
of home ownership. They offer hassle-free home loans products
as well as property related services. HDFC Bank also offers specialized
financial services to their customer by partnering with the best
financial institutions worldwide. HDFC bank is a popular banking
institution which is financing both private and individual customers.
percent of the cost of the property (including the cost of the
land) and based on the repayment capacity of the customer.
term is 20 years subject to the retirement age of the loan applicant.
and Co- Applicant to the loan
Loans can be applied for either individually or jointly. Proposed
owners of the property will have to be co-applicants. However,
the co-applicants need not be co-owners.
Rate Home Loan
under Adjustable Rate is linked to HDFC's Retail Prime Lending
Rate (RPLR). Loan rate are revised after every 3 months from the
date of first payment, if there is a change in RPLR, the interest
rate on your loan may change.
loan application becomes easy and convenient due to the development
of advanced technology in some loan company like ICICI Bank.
can open the website of a loan company. He can fill his details
in the company form and submit by hitting the submit button.
company representative will come to your doorstep. They will explain
the process and pick up the necessary documents from you.
the documents will be verified by the company credit officials,
to make sure that the application meets the required criteria.
the loan documents are verified, the company will deliver the
sanction letter to the loan applicant.
company representative will visit to collect your property documents.
After the legal and technical verification of the documents, disbursement
cheques will be prepared and delivered at your hand.
your dream fulfilled
the loan from your desired company make your dream house and stay
comfortably and in peace!