Buying a home is one of the most important stepping stone of success in our life. It is important decision which need proper research as where we want to buy, buying is for residing for self or for investment, nearby locality, amenities available, facilities like school, hospital, railway, airport and several others. Few more factors like construction quality, builder reputation, whether registered with RERA, ready to move-in or under-construction and more.
Once we have shortlisted the house property, next thing is sourcing of funds. The total cost includes p- property value which is per sq ft rate or base rate + parking charges + club membership (if any) + floor Rise (if applicable) + Stamp Duty + GST and taxes + registration fee + other local charges if applicable.
Total cost can be paid by self, but looking at the property prices today most buyer need to source fund from external sources like personal borrowing, mortgages or Housing Loan from Banks / NBFCs. Home loan is one of the safest options of all as it reduce your dependency on family and friends and gets us money at most competitive pricing. Find a best home loan for yourself.
Compare Home loan rates of all major banks of India. Check 2020 Interest Rates, Processing fee ✓ Per lakh EMI ✓ ROI floating Rates ✓ Lowest fixed rates for salaried, Women and Self-employed/Professionals from Nationalised / Government Banks / Private Banks through Spoctree.
Selecting Loan for House also needs few researches and understanding. Borrower needs to analyse what are offerings from different lenders, who is offering best rate of interest for home loan and several other factor as below -