Get Lowest Home Loan Rate in Gujarat & Maharashtra Only at CapitaWorld Fill one form & apply online for quick approval of home loan.
Home Loan in Gujarat & Maharashtra. Get Lowest Interest Rate Home Loan in Gujarat & Maharashtra. at CapitaWorld.com ............... HOME LOAN Taking a House is once in a life time decision for many of us. Home Loan is taken for purchasing or constructing a house. After the customer pays all the EMI, the loan borrower becomes the owner of the property. TYPES OF HOME LOANS 1. Home Purchase Loans 2. Home Construction Loans 3. Home Extension Loans 4. Home Improvement Loans 5. NRI Home Loans 6. Balance Transfer Loans
BENEFITS OF AVAILING HOME LOAN 1. Tax Benefit: Principal & Interest. 2. Capital appreciation of your property. 3. The sense of accomplishment of loan borrower. DOCUMENTS REQUIRED 1. Identity Proof (Voters ID card/ Passport/ Driving license/PAN Card etc) 2. Address Proof (Telephone Bills/ Electricity Bill/ Property Tax Receipt/ Passport etc) 3. Business Proof of business address for non-salaried individuals 4. Updated Bank Statement/Pass Book 5. Income Proof (Form 16/IT Returns) Self Employed (Balance Sheet/Profit & Loss Account etc). 6. Property Documents. *Note: A fund provider can ask for more documents based on individual customer profile. FACTORS AFFECTING YOUR HOME LOAN 1. Good Research: Register yourself with any online loan platform, visit Banks/NBFC and meet various finance professionals before taking the final decision. 2. Floating v/s Fixed Rates: Floating interest rate is market-based. On the hand, fixed interest remains fixed over a period of time. 3. CIBIL Score: Anyone who has a credit score of 750 plus have a better chance of loan approval. 4. Processing Fees: Enquire with all loan providers before your final decision. CO-SIGNER CRITERIA In some cases, the loan borrower doesn't qualify for a loan, then you may need a co-signer. Usually, people don't want to become co-signer because, in the case of default, the co-signer is legally responsible for paying the remaining loan amount. PRE-PAYMENT CRITERIA Scenario 1: Some customers don't feel comfortable while having running existing home loan. I believe that they should repay loan as early as possible. Scenario 2: If you have taken home for tax saving purpose, then you should not go for prepayment. Scenario 3: Suppose the interest rate on your home loan is 11%. You have any other avenue of investment where returns are higher return than 11%, then don't do prepayment of the loan. And, if the returns are less than 11%, then go for prepayment. 100% LTV HOME LOAN CRITERIA It sounds good, but unfortunately, it's not possible. As per RBI guidelines, you can't get a loan of 100% of your desired property. Usually, the loan providers offer 80-85% of the property. FOR ANY TYPE OF LOAN QUERY Email: info@capitaworld.com Website: www.capitaworld.com Contact Number: 95120-15794