Home Loan Services - Personalized Advisory For Credit Report Accuracy, Property Selection Guidance, Best Rate Offers

When applying for a Home Loan:-
Virtually every young family in India aspires to own a home. A home loan is a great way to part finance the dream home that you always wanted to own. Here are the top 6 factors to keep in mind before applying for a home loan:

1) Get your own credit report:-
Apply online and follow the instruction given there to get a copy of your own credit report. Check your credit report thoroughly to spot errors. If need be, use our advisory services on CIBIL Report to get any errors corrected. Remember any errors in your credit report can reduce your chances of getting a good home loan offer. This report is likely to be accessed by the bank's credit department after you apply for the home loan for inputs on you credit history.

2) Finalise property first before you finalise and apply to your lender.
Lenders reserve their best rates for immediate disbursement customers and hence customers who have finalised property get the best possible home loan offers. Also if they have any issues with your property it will get highlighted before you incur too much effort and costs. Some lenders may not be comfortable with you buying a plot and self constructing on it. Some lenders will not fund under construction property unless the developer is pre-approved with them. A lot of lenders can have issues if the property you are buying is more than 15-20 years old.