08-05-2010, 11:19 PM
08-30-2010, 01:07 AM
Owning a home gives a feeling of stability in life. However, with the steep rising prices of property in India, buying a house at a go is not a very easy task. However, this process has been made considerably easy by the home loans being granted by the umpteen numbers of Housing Finance companies and nationalized and private banks in the country. Thanks to swelling competition in the housing loan industry, the home loan process in India has become significantly streamlined. Despite shaking off the tag of a long and tedious documentation process, the housing loan procedure still requires one to go through certain mandatory stages. Read on to explore the basics of the home loan process in India.
Home Loan Procedure In India
Submission Of Application Form
After choosing a particular home loan, the customer submits the application form to the housing finance company (HFC) along with other relevant documents as required by the HFC. They comprise documents to establish income, age, residence, employment, investments, etc. The customer also needs to hand over a cheque for payment of an up front (non -refundable) processing fee of about 0.5-1% of the loan amount to the HFC.
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Home Loan Procedure In India
Submission Of Application Form
After choosing a particular home loan, the customer submits the application form to the housing finance company (HFC) along with other relevant documents as required by the HFC. They comprise documents to establish income, age, residence, employment, investments, etc. The customer also needs to hand over a cheque for payment of an up front (non -refundable) processing fee of about 0.5-1% of the loan amount to the HFC.
bradjacobs
Sports supplements, just like the name suggests, are products used by athletes (even professional ones in many cases) that need a boost in performance in order to benefit fully from the training periods
Force Factor Scam
09-30-2010, 05:11 PM
While choosing the best housing loan plan, you have to study a lot and figure out which housing loan plan fits best to your needs. Figure out your financial status in the coming few years so that you have a rough idea of your resources in the coming years and choose the housing plan that suits you.
Once you have figured out the plan you need, you have to submit the application form to the Bank. You will also be asked to submit some relevant documents along with the application form. These documents may vary for different banks. These documents are used to make sure of your income, age, residence, employment and many more. At this stage, you have to pay processing fee for the loan to the Bank. This processing fee is non-refundable. This processing fee will be about 0.5-1% of the loan amount.
Once you have figured out the plan you need, you have to submit the application form to the Bank. You will also be asked to submit some relevant documents along with the application form. These documents may vary for different banks. These documents are used to make sure of your income, age, residence, employment and many more. At this stage, you have to pay processing fee for the loan to the Bank. This processing fee is non-refundable. This processing fee will be about 0.5-1% of the loan amount.