Check Your Home Loan Eligibility

4 years ago

Check Your Home Loan Eligibility

In the view of the current times of lockdown due to the Corona pandemic, when we have to work from home, planning for tomorrow is an immediate requirement. Today, we are in pain, being locked down at home. To ensure a better tomorrow, we have devised a plan for you. Although the capital appreciation of properties is a great advantage for the owner of properties, it has one more advantage too. A property or a home at a sought after location, can
fetch you a handsome income at the time of need. You don’t have to pay the price of a home at one shot. With the income you have, you are eligible for a home loan, which we will arrange for you.

Just check your home loan eligibility and the EMIs you have to pay according to your affordability. This will help you in planning your finances and own a property at the best of locations with high rental income month-on-month.

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What is the advantage of knowing your home loan EMI in advance?

Along with the due diligence that you need to conduct for the property that you decide to purchase in terms of the rental returns, it will fetch you, or even the capital appreciation in few years, there are other factors too. A solid planning in advance ensures stable finances. Using the EMI calculator, you would be able to know your maximum budget as you would have an understanding of the amount that you have to pay every month. Hence, you will be able to decide in advance how much you can spend on buying your home. Accordingly, of course, you can choose a property.

What is Home Loan EMI?

Home loan EMI stands for the “Equal monthly Instalments” you have to pay for the repayment of your home loan. It is normally for a fixed period, known as tenure, which can vary from 5 to 20 years. The lowest applicable interest rate maybe 8.30%, but it depends on many factors, including your CIBIL score. But if you have a fair credit history, you can expect an interest rate of 8.90%.

What is the Home Loan EMI calculator?

A home loan EMI calculator helps you to know the amount of EMI you need to pay towards the repayment of your home loan. This would help you to make an informed decision and also assist you in knowing the maximum amount that you can borrow.

Select the amount you desire to borrow with the tenure and the interest rate, which can be 8.90%, it will give you the EMI that you need to pay month-on-month.

How will it help me in buying a home?

Once you know the maximum amount that you can borrow, you can go ahead and choose a home within that range as we have homes for you in all locations at different price ranges. You can either call our property consultant @ 8880 001 001 or click here to choose a property of your choice. Once you select a home, our home loan department would extend all sorts of help for you to own your dream home.