Home Loan
CREDITCARES – Home Loan Agent in Kolkata| Home Loan DSA
CreditCares is a Home Loan Agent in Kolkata. We Provides Loan Consultancy Services on Home Loan, Personal Loan, Loan Against Property, Overdraft Loan and many more. Creditcare, We works as a Home Loan DSA.
A home loan is also known as a housing loan for most of the people due to the home synonym house. In this loan, people lend money to buy a home, renovate a home, purchase land, construct land, or extension of property. This loan comes under so much variety that people consider it as necessity to purchase property in their life. It also give income tax benefit to all people who can mention it in their financial documentation to save taxes. Different classes of people prefer this loan section, from very small income to very high income, as it has the best facility provided. Home loan has been considered a wide range of loans from all other types of loan available in the financial market.
Financial institutions always prefer this loan in huge numbers as collection of loans are good rates than other means delinquency rate is very low. It is always preferable to both consumer and lender with flexibility in loan application, and a wide range of documentation is accepted in income proof. Major institution are attached in their loan business as it indicate low risking facility.
Desired property document of client shoud be clear with legal formalities when it is checked by legal person of insitution
Home Loan Feature
Home Loan Agent in Kolkata point out matchless articles below
- The most special character in this type of loan is the rate of interest which is reasonable with other segments of loan.
- The second most quality of this section is the longest tenore in comparison to other secured loans in this industry.
- All classes of people can apply for loans with minimum or maximum source of earning in their situations.
- Property and person both are mostly insured due to the bank policies up to loan clearance to financial institution.
- Co-applicant means other family applicants may be required to register with any financial institution for this loan facility.
- Desired property document of the client should be clear with legal formalities when it is checked by the legal person of institution.
The thing to know before going for the home loan process
Do ‘s
- Check your cibil report before applying for a home loan.
- Always set a budget before going for a loan thing.
- Inform your lender about property documents to verify them accurately.
- Take home and homeowner insurance for loan coverage.
- I discussed the loan personal loan details.
- Keep all transactions of payment at the time of the home purchase.
Don’t do
- Choice property thinking all future things.
- Do not purchase a high-value property that does not support your income.
- Take a loan, calculate your existing loan liability.
- Check all documentation carefully after loan sanction.
- Keep record of loan documents before and after property purchase.
Loan Eligibility
Due to the wide range of this division, criteria are too workable
- Mainly intense in this loan part are measured by financial lenders by working income, customer financial or banking habits.
- Age will be taken as one of the factors for this loan application by any lenders
- Applicants may be asked in any company to apply for a property loan
- Property papers are also required by financial institutions to check the legal section by their person
- This loan take a few day to get approved due to so many processes to qualify by the financiers.
Home Loan Agent in Kolkata eligibility is defined as a set of criteria basis which a financial institution assesses the creditworthiness of a customer to avail and repay a particular loan amount. Home loan eligibility depends on criteria such as age, financial position, credit history, credit score, other financial obligations etc.
Illustration : How Much Loan Can I Avail?
For e.g. If a person is 30 years old and has a gross monthly salary ofRs.30,000, he can avail a loan ofRs.20.49 lakh at an interest rate of 6.90% for a tenure of 30 years provided he has no other existing financial obligations such as a personal loan or car loan etc.
How is Home Loan eligibility calculated?
Housing loan eligibility is primarily dependent on the income and repayment capacity of the individual(s).There are other factors that determine the eligibility of home loans such as age, financial position, credit history, credit score, other financial obligations etc.
Apply for a Home Loan and Calculate Your Home Loan Eligibility
Once you get an indication of your eligibility you can apply for a home loan online from the comfort of your living room easily with Online Appointment. In case you would like us to get in touch with you, kindly leave your details with us. Credit Cares also offers a customers a good consultancy and show them better way to take the loan facility of a pre-approved home loan even before you have identified your dream home.
Documents
Wants to know about Documentation of Home Loan Agent in Kolkata and others area in West Bengal? The document are taken mentioned below:
- Generally, in income docs in salaried where Payslip are needed and in self-employed, they asked to submit income tax return.
- Identify and residence proof of both applicant and co-applicant may be told in requirement.
- Bank statement of certain mountain are also present for loan apply.
- All clear property paper are equally required to add in this loan section.
- Business proof in self-employed and form 16 or other working docs submission may be shown to financier.
- Photograph are needed of both applicants according to company policy.
Frequenty asked Questions & Answer
- When you apply for a home loan, your eligibility is primarily dependant on your income and repayment capacity.
- There are also some other factors that will determine your home loan eligibility:
- Your age, financial position, credit history, credit score, other financial liabilities etc.
- Adding an earning family member as co-applicant.
- Availing a structured repayment plan.
- Ensuring a steady income flow, regular savings and investments.
- Furnishing details of your regular additional income sources.
- Keeping a record of your variable salary components.
- Taking actions to rectify errors (if any) in your credit score.
- Repaying ongoing loans and short terms debts.
- Home loan can be applied by anyone who is earning may be Salaried, Commission Agent, Professional or Businessman etc. It will depend upon the Income of the person who want to apply the Home Loan amount according to needs of client.
Property are may be different in nature like house, flat, land etc. are per needs. They can be choice their property for home loan according to client requirement.
As Home Loan is a basic need of society to take shelter for family so in this loan Rate of Interest are lower from other types of loan. But it is differed from time to time from bank to bank. Profile of client also depend in this Matter as lower Documentation May increase Rate from different financial Institution.
Yes, there is an Income tax Benefit in this loan. Client can show deduction of 80EE in current Income tax return and it may change from RBI Guideline. Amount of deduction will be depended upon home loan Payment and Income tax policy.
Home loan tenure will be maximum with any other loan. It may be depended upon your age of work means before getting senior citizen you have to complete loan tenure. Its eligibility will be depended upon Income Document also with person age.
Legal fees are required for property searching as legal and technical required to validate things. But also depend upon financial institution and it may change Company to Company and time to time.
You will get maximum loan amount of Property valuation. Loan amount may be gone up to 90 percent of the Property Valuation and also depend upon policy of financial company. In sanction Loan amount major role is also in Income Document and types of property.
Yes, both options are available in this loan, Client can repay this loan in Part payment as per policy of financial institution. Some company allow any time of loan or Some allow few times it only depends upon Company criteria and mentioned at the time of loan sanction.
As client complete all documentation to the financial Institution, they start processing loan with the verification of Income Documentation and Property documentation. Many more procedure are there which depend upon financial institution. It may be done in a week or two depend upon the Client documentation and financial company criteria.
Home Loan need to be covered under Insurance both property and main loan applicant so that if there will be security for the applicant if anything happen to property or applicant if may cover losses if they are insured in this loan. Please check with banker and document carefully.
Contact us at the Consulting WP office nearest to you or submit a business inquiry online.
You can trust for your company funding needs.
