Home Loan



What Makes Our "Home loan" Product-as-a-Service Unique ?

Buying a home is one of the biggest financial goals of one’s life. Even if you are taking a loan from a financial institution to buy your first home, you still have to arrange a big amount for making the down payment first. If you are a first-time buyer then it is necessary to know few important things before you invest your money towards buying a house for yourself.


First-time buyers of homes should have a strategy behind owning a home. If it is for staying purpose, then they should figure what is the cost of the home versus staying on rent. If you add the home loan to the equation, the total cost of owning a home rises. In case, they want to own a home for investment purpose only, the buyer should understand basics of the transaction like entry and exit price, taxation and tenure of investment.


Once you decide to take a loan, the first thing you need to know is how many loans you are eligible for. The factors influencing your eligibility include your credit score and history, your income, your age, and your current liabilities. Get a copy of your credit score and use an eligibility calculator to understand how many loans you can get .


Once you know your eligibility, check out the interest rate. Apart from the MCLR, you need to know the spread; the reset period; the type of loan, i.e., fixed or floating; and conversion charges for switching the loan type. All these factors will ultimately affect the amount of money you pay back to the lender.