In addition to providing comprehensive information on the property market in Mumbai, MumbaiResidentialProperties.com also provides comprehensive Home Loan Assistance. We look forward to provide you all the best possible information and advisory services on Home Loans for investing in Real Estate Mumbai.
We have tied up with various Banks to provide you with the right information on Home Loans, for you to be enabled to buy your desired Home with most of the processes being undertaken – under one roof.
Eligibility for the Loan
A lender needs ‘proof’ to believe that you are capable of making repayments on your loan. For this it will take a thorough look not just at your income statements, but also your assets and liabilities, your credit history to see how you handle repayments on credit cards and other existing loans. Also, your education and work experience will be checked in order to see how qualified you are to meet your professional and financial goals.
Understanding the Term EMI
If you are planning to get a home loan, the EMI or the “equated monthly installments” will be your main consideration. EMI is the sum of money that you as a borrower will pay your lender to clear your outstanding loan. These payments are made every month on a date that is stipulated by your bank till the time that the loan has been completely repaid.
While choosing a property, one should be mindful of the fact if the bank is willing to finance properties that are considerably old and not in good condition.
Here’s the list of major Home Loan Companies in India :
- Bank Of India
- HSBC Bank
- HDFC Bank
- IDBI Bank
- Bank Of Baroda
- LIC Housing Finance
- Axis Bank
- India Bulls
- Bank Of Maharashtra
- Standard Chartered Bank
- State Bank Of India
- ICICI Bank
- Citibank
- PNB Housing Finance
- Canara Bank
- Indian Overseas Bank
- Dena Bank
- DHFL Home Loan
- Bajaj Finance
- Deutshce Bank
- Vijaya Bank
- IndusInd Bank
- Kotak Mahindra Bank
- Oriental Bank Of Commerce