Your dream is not out of your reach. Home loan lets you buy the property you want by financing for the purchase at affordable interest rates. This secured loan uses the property to be purchased as the collateral against the amount borrowed. Home loan can be also used for home extension and renovation. Check the list of approved builders when applying for home loan in Coimbatore.
For approval of home loan in Coimbatore check on the below stated eligibility criteria
- An individual should lie in the age bracket of 21 to 65 years
- He should have a good credit history and score
- His monthly income should and job stability should meet the requirement for repayment assurity
- His co-applicant should have a good credit score and required minimum monthly income
- Filled and signed application form with photograph
- Processing fee cheque or draft
- You can transfer your ongoing home loan to another bank that offers lower EMI and longer tenure with ‘home loan balance transfer facility’.
- You can opt for fixed or floating interest rate under the ‘Flexible rate’ option.
- Your home loan can be insured under ‘home loan insurance’ feature. It will also help your family to repay the loan in case of any miss happening.
- You can get your home loan pre-approved by ‘Pre-approved home loan’ option that saves your time when you are ready to buy your dream house. It requires minimum documentation.
- Speedy and transparent processing.