Saturday 25 February 2017

Home Loan Guide – What to do or not do?

Getting Loan for purchasing home was not popular as before, but every person required home loan in their life.  There are numerous home loan lenders companies, with different sales strategy and norms.  One has to prune a lot of the lenders that he/she will be considering to deal with.
Since the offers given by loan companies are based predominantly on person credit history, therefore
If you maintain a better credit score, you can avail the best home loan lending offers at low interest rate.
There are certain subjects to consider before applying for home loan, such as the pre-closing costs, points and other added costs.
Must assured about the accurate amount before giving commitment to the lender as several time people will have to face hidden charges.
While the paper work is being processed, make sure the charges you're not getting pay for anything extra. After a certain period of stay in your home, depending upon the prevalent economic situation, interest rates keep varying. There are several details that may add-up to your financial burden like additions/alterations to the home.
List of Top Housing Finance Companies in India

Housing Development Finance Corporation Limited (HDFC)

The Housing Development Finance Corporation (HDFC) was introduced yourself India's first private sector housing finance company in 1977.

State Bank of India Home Finance (SBI)

State Bank of India is also a most important player in the Indian housing finance market. SBI offers housing loan for a variety of purposes such as new house/flat, renovation/ extension of existing house etc.
Housing Urban Development Corporation (HUDCO)

HUDCO offers housing loans for the buying/constructing house/flat,                renovation/extension/alteration of existing house/flat.


LIC Housing Finance Limited

 LIC Housing Finance is one more key player in housing finance sector in India.

ICICI Home Finance Company Limited

ICICI is the third largest housing finance company in India

Can Fin Homes Limited (CFHL)

Can Fin Homes Limited is one bigger player in the Indian housing finance market with an wide network of 40 branches.

PNB Housing Finance Limited

PNB Housing Finance Limited offers a wide series of loans for purchase/construction of property to resident Indians as well as NRIs

Dewan Housing Finance Corporation Limited (DHFL)

Dewan Housing Finance Corporation Limited is one of the largest housing finance providers in India with broad network of 74 branches, 78 service centers and 35 camps spread across the India.

GIC Housing Finance Limited

GIC Housing Finance Limited, one of the leading housing finance companies in India.



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