How to choose a home loan provider?
Planning to buy a luxury flat in Kochi ? Check out flats in Kerala, at luxurykeralaflats.com before you buy your dream home. A home loan to back you up means you can even go slightly over the budget and go for a bigger house. After you have finalised the flat, you can start checking out home loan providers for your home loan. You should select the lender carefully so that you get a good deal in interest rates and the loan tenure. Just check out this insight... Loan amount and eligibility Based on your occupation (salaried or self-employed), disposable income and number of dependents, your loan eligibility is calculated. Considering your monthly income and the value of the luxury flat in Kochi the loan amount will vary with each loan provider. Choose the one which will sanction nearly 80-85% of the price of the apartment. It is to be noted that a bigger loan would imply a smaller down payment and a higher EMI. Interest rate Consider the rate of interest before you apply for a home lo