Any salaried or self-employed individual can apply for a home loan to buy their dream home. This loan can be taken for buying a home, a commercial property or just for home extension. Interest rate of home loan in Faridabad is influenced by the rate of property in the city, bank rate and borrower’s credit history. Check for the list of builders and projects approved under the project.
Faridabad Home Loan Eligibility
For approval of home loan in Faridabad check on the below stated eligibility criteria
- Borrower should be 21 years or above.
- His monthly income and job stability should meet the requirement for repayment assurity
- He should have a good credit history and score
- His co-applicant should have a good credit score and required minimum monthly income
Home Loan Documentation
- Filled and signed application form with photograph
- Processing fee by cheque or draft
Home Loan Features
- Transfer your ongoing home loan to another bank with lower EMIs and longer tenure through ‘home loan balance transfer facility’.
- Choose from fixed or floating interest rate with the ‘Flexible rate’ feature.
- Insure your home loan and stay tension free regarding the repayment of loan in case of any misshappening.
- You can get your home loan pre-approved by ‘Pre-approved home loan’ option that saves your time when you are ready to buy your dream house. It requires minimum documentation.
- Speedy and transparent processing.