Home Loan Tips

To get a home loan never try to make document or you might face serious problems in future.
Avoid 3rd party loan agent and prefer direct bank home loan agents only.
Prefer nationalise banks like SBI, Bank of India or better loan rates and clean process, or
you can perfer a home loan specialized bank like HDFC Home Loan Finance Ltd for a clean and quick process.
Pre-approved home loan gives an advantage while negotiating a home buying deal.
Your home loan EMI should not be more than 40% of your take away(net) salary.
Go for a longer home loan tenure(20 years+) as low EMI, rupee devaluation and property price appriciation over a period of time more benefitial.
Try making home loan pre-payments as a part of your yearly investments as it reduces the home loan principal amount. Reducing loan EMI amount or loan period is optional and take what helps you the best.