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Owning a property is a dream come true for every individual so we at Creative Finserve suggest you to apply for Home Loan once you intent to buy a property so that you will come to know the eligibility of your Home Loan which will help you to identify the property according to your budget. Even if the property is selected you can apply for a Home Loan.
We professional at Creative Finserve puts our best effort to give you a complete personalized solution. We take the pain of coordinating with various banks for you to give the best offer and service available in Home Loan.
Any working individual who is salaried or self employed and who is capable of paying EMI can avail a Home Loan.
It mainly depends on your financial profile, credit reputation, and your loan repayment ability. Lenders evaluate these factors to consider what the amount of a Home Loan should be.
In in Home Loan interest is calculated on a monthly reducing basis which means interest is calculated on outstanding principal amount after payment of each installment.
EMI or Equated Monthly Installments is a combination of Interest and Principal you will be paying to the bank every month.
Yes, you are eligible for tax benefits in Home Loan on the principal and interest components of the loan under the Income Tax Act.
Closing loan prematurely is called full closer of the loan. This is very much possible in Home Loan once the lock in period of the loan is over. This exit clause is always mentioned in the Loan Agreement signed with the bank. In Home Loan you can prepay the loan with no penalties as per New RBI guidelines.
In Home Loan the sanction letter is valid for 3 months to give you sufficient time to choose a flat/house of your choice.