Nitesh Estates brings in a facility to ensure convenience for our
customers to interact with financial institutions and banks to avail housing loans. We help our clients with easy processing of loans by
closely working with them in the documentation process required by
financial institutions and banks.
We work closely with esteemed institutions like ICICI, Dhanalakshmi
Bank, Corporation Bank and HDFC Bank in all our projects.
Here are a few basic points to be considered while applying for a home
loan:
Q1.What is the advantage of a home loan?
Ans.1.A home loan is a residential mortgage taken by an individual or
family who wishes to purchase a piece of real estate in the form of a
house, apartment, condominium, villa or a row house. Housing loans can
also be availed for building a house, repairing or renovating the
interiors of an existing house. Home loans are easily available and are
categorized into various interest rates, as per the borrowers needs and
repayment capacity.
Q2. What is the eligibility for a loan?
Ans.2Any Indian citizen who is above the age of 21 years at the time of
sanctioning of the loan and is below 65 years of age on or before
completion is entitled for a loan as per the guidelines of financial
institutions and banks.
Salaried employees as well as entrepreneurs who are residents of India
can apply for a housing loan.
Non-resident Indians (NRIs), salaried and business individuals under
Reserve Bank of India (RBI) guidelines can apply to any of the financial
institutions and banks in the country to avail loans.
Q3. Is it advisable to avail a housing loan?
Ans.3.Taking a home loan seems like a judicious option when the
resources on hand may be insufficient to buy a lifetime asset like your
dream house. A home loan financially helps individuals who cannot cough
up the entire sum required to purchase their dream house. Currently
India is going through a period where housing loans are easily available
and it makes a lot of sense to buy quality housing today, rather than
wait when property prices could soar very high and become unaffordable.
Q4. What are the legal documents required for availing of housing loans?
Ans.4. The first step while taking a house loan is compiling the
required documentation. And, Nitesh Estates helps all it's clients to
make sure it is an easy process. A few mandatory documents to be
produced while securing a home loan are:
(a) Income Tax Returns
(b) Salary Slips
(c) Residence Proof (if you have any)
(d) Proof of Identification
(e) Auditors Report
Nitesh Estates will also assist in putting forward it's clients to law
firms associated with our company. |
