Hello, first-time home buyer! Getting overwhelmed with the process of taking a loan that may last 30 years? Fret not! Learn about the steps involved, tips and tricks, and ways to select your lender.
The step-by-step preparation to take a home loan is mentioned below -
Plan your budget and prepare your down payment
Check your eligibility and prepare your documents
Select a bank or NBFC
Apply for a home loan
Here are some tips and tricks to get fast approvals for a home loan -
Reduce your debt-to-income ratio
Apply with a co-applicant
Don’t take loans or make big purchases just before applying
Have solid income proof - salary slips or ITR
Save more for the down payment
Buying a home is the ultimate goal for most people. Ab ghar khareedne ka plan hai toh aap home loans ke baare mein zarur soch rahe honge. Is video mein hum first time home buyers ke liye ek complete guide leke aaye hain. Toh aiye dekhte hain ki aapko home loan ki approval jald se jald kaise mil sakti hai. Tips aur tricks ke liye video ko end tak zarur dekhein!
Home loan kaafi lambe hote hain aur 30 saal tak bhi chal sakte hain. Iska matlab ye ki itne lambe ongoing kharche ke liye aapki planning tagdi honi chahiye.
Sabse pehla kaam hai budget decide karna aur ye hisab lagana ki aap kitna downpayment karenge aur kitne ka aapko loan chahiye. Thumb rule kehta hai ki house price ki 20% aap down payment se karein.
Koshish karein ki aapki loan ka EMI, including your interest component - apke salary ka 30% ho. Ye dono percentages paththar ki lakeer nahi hai, ye aapke salary aur ghar ke location pe depend karegi. Aap inko ek guide ki tarah hi dekhein.
Isi planning phase mein apna credit score bhi check kar lein, aur agar ho sake toh usko improve karna shuru karein. Credit score improvement tips ke liye ye wala video dekhna na bhulein.
Jab aapne budget decide kar liya hai, toh aap ghar dekhna bhi shuru kar sakte hain. Isi beech aap apni eligibility check karein aur documents tayyar karne lagein!
Loan companies ke website pe aap free mein apni eligibility toh check kar hi sakte hain. Market trends dekh ke ye bhi decide karein ki aap floating rate pe home loan lenge ya phir fixed rate pe.
Home loans lene ke liye kuch zyada documents ki zarurat hoti hai, par ye documents hi mostly sarein lenders ko chahiye hota hai -
Aapka identity and address proof
Apka income proof. Agar aap salaried hain toh apka bank statement aur agar aap self-employed hain toh 2 saal ke ITR.
Down payment ki ya savings ka proof
Property ke papers
Iske baad, you can start choosing the banks or NBFCs jisse aapko loan lena hai. Achhe se banks ki website pe home loan wali section ko padhein, koi hidden charges ho toh unpar dhyan dein.
Pehle round ki shortlisting ke baad, you should start contacting the banks you chose. In banks ya lenders se directly baat karein, unke eligibility criteria ke baare mein detail mein poochein. Sath ho unko kya kya documents chahiye wo bhi pata kar lein.
Apna research khatam karke ek lender ko chunein. Ab finally loan amount, interest rate, aur baaki sab final ho jayega. Yaad rakhein ki aap har cheez ke liye negotiate kar sakte hain. Puchne mein koi burai toh nahi hai!
In fact, Moneyview ki website ya app par jaakar aap ye sab asaani se complete kar sakte hain - eligibility check se application tak!
Isse pehle ki aap chinta karne lagein ki loan approve hone tak ghar haath se nikal jayega - aaiye hum kuch tips janein jisse apka loan jaldi approve ho jayega.
Lenders sabse pehle apki creditworthiness janna chahte hain. Apna debt to income ratio kam karein. Ye ratio jitna kam hoga aap lenders ko utne zyada responsible dikhoge aur apko loan utni hi asaani se milega.
Ek co-applicant ke sath loan apply karein. Isse unka credit score aur income dono apko help karega. Loan ka burden toh kam hoga hi, loan easily bhi milega.
Home loan lene ya apply karne ke turant pehle dusre loans na lein aur bade kharche na karein. Toh basically, agar home loan lena hai toh international trip postpone karni padegi!
Lenders love a stable income. Yaani ki agar aap salaried hain toh apne bank account details submit karein jispe salary credit hoti hui dikh rahi hai. Agar aap self-employed hain aur monthly income stable nahi hai, toh apne pichle 2 saal ka ITR submit karein.
Jitna zyada down payment aap jama karenge, loan milna aapke liye utna hi easy hoga. Toh down payment ke liye savings kerein, aur uska proof bhi rakhein. Agar aapke paas high down payment jama ho jaye, toh aap loan ke terms bhi achhe se negotiate kar payenge.
Ab jab saare steps pata chal gaye hain, toh go ahead and plan your journey to owning your dream house! Agar aapko ghar baithe phone par hi home loan lena hai toh Moneyview ke app ya website pe jaake abhi apply karein. Aur home loan EMI calculator ka use karna na bhulein!
To get a home loan through Moneyview,
Go to the Moneyview website
Try the Moneyview Home Loan EMI Calculator
Download the Moneyview app from the Play Store
Download the Moneyview app from the App Store
Disclaimer
The starting interest rate depends on factors such as credit history, financial obligations, specific lender's criteria and Terms and conditions. Moneyview is a digital lending platform; all loans are evaluated and disbursed by our lending partners, who are registered as Non-Banking Financial Companies or Banks with the Reserve Bank of India.
This article is for informational purposes only and does not constitute financial or legal advice. Always consult with your financial advisor for specific guidance.
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