Home Loan FAQ
When can I apply for a Home Loan?+
How do I make an application?+
How is my Home Loan eligibility determined?+
What are the types of home loans available?+
How long does it take to get my application processed and the loan sanctioned?+
What is the maximum amount I can borrow?+
What security/collateral do I have to provide? +
Does the property have to be insured?+
Can I take a Home Loan for construction in one city while working in another city?+
What is the range of interest rates offered?+
How is the interest rates calculated on my loan?+
What are the bases of interest rates calculation?+
What is the Fixed Rate of Interest?+
What is Floating Rate of Interest?+
What are the repayment period options?+
Can I repay my loan ahead of schedule?+
Who can be a Co-Applicant?+
What are the fees and charges payable and when are they payable?+
What is the EMI?+
In how many installments can the loan be disbursed?+
Do I get a tax benefit on Home Loan?+
Does the agreement for sale have to be registered?+
I have applied for a loan of Rs.35 lakh along with my brother who is the Co-owner and co-borrower for the purchase of a new constructed house. I am paying the EMIs from my bank account. Can we both claim IT benefit under this situation and if so how?+
Currently my husband and me have a joint home loan for Rs.7.75 lakh.our EMI works out to be Rs.8000 per month. I’m looking for a second home loan under my name. Does Indian banking law allows a person to have two home loans under their name? Please advice.+
Can a bank help me get 100% loan for the home? Or some option because I can't pay even 20% of the cost of the home.?+
What is the process to resell a flat? I have bought an under-construction flat and have taken a home loan from a leading lender?+
What are the documents required at the time of application?+
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