Home Loan

When you are planning to buy/ Construct your dream home. We will help you in realizing your dream home in a convenient and structural way.

Stages:

1. Application – Online
2. Loan Sanction –Submitting KYC details
3. Review – Submitting Property Details
4. Approval & Dispersal – Upon Validation
5. Follow Up

Home Loan is a financing solution which enables you to borrow funds to purchase a property / Build a Home at a predetermined rate of interest and repayment Tenure.

Home Loans are mainly provided for any property purchase, construction, renovation or repair purposes. We at GAGANA, will be with you assisting in every steps in the process of getting home loan.

1. EMI calculation
2. Interest Rate
3. Eligibility
4. Loan Processing Charges
5. Documentation
6. Digital Solution
7. Legal Opinion
8. Valuation of Property

Dos and Do n’ts while applying for a home loan

Do’s

• Do your exploration about the home- property price, builder’s background, concurrences for the design, etc. Also do your exploration about the home loan- interest rate, processing charges, prepayment schedule, etc.
• Know the quantum you have to pay similar as down payment quantum, processing charges, stamp duty, enrollment freights and make provision for the same.
• Insure all documents are in place – payment slips, Income Duty Returns, property agreement, and enrollment, etc.
• Take time to enhance your credit history, if needed before you apply for a home loan as there are chances that the bank may offer you better terms and conditions.

• Don’t apply for loans on multiple aggregator websites as it indicates you’re loan starved and may reduce the chances of your operation being approved.
• Don’t take too numerous loans before you apply for a home loan-similar as a particular loan or automobile loan. As home loan volumes are big- ticket loans this will impact your eligibility.
• Don’t go overboard with your credit card spends and do n’t delay your loan prepayments as this will impact your credit score negatively.
• Don’t take a huge loan as you may find it tricky to repay. Affordability is crucial when it comes to home loan.