How to Apply For a Home Loan
It may not be possible to buy a personal or commercial property with your savings alone. In all probability, you will need a home loan to assist you with your purchase. La Prisma, top property in Zirakpur lists vital information to get a home loan. How much do I need? Take a pen and paper and write down your finance options available. Now decide upon the loan you may need. You can use tools and apps available on the internet and google play store to get a rough estimate on the EMI amount. How much can I get? This will depend upon a lot of factors. The bank basically wants assurance that you will be able to repay the loan on time. They will look for signs for the highest probably of that happening. They will arrive at that conclusion by considering various conditions, your net income, Source of income, company you work for, credit score (determined by CIBIL score). You might also need to put another property or asset as collateral. Generally, banks tend to c...