What is the process of applying for a home loan?

This is a simple process:

1.      Check your credit score

2.      Generate your income statements.

3.      Visit the Bank/NBFC, fill the form and check home loan eligibility

4.      Bank will finalize the loan amount, tenure, interest rate and EMI.

5.      After you accept the offer, sign the loan form.

6.      Loan amount will be disbursed in few working days.

7.      Post one month, you will start paying the EMI until the tenure ends.

So as you can see, this is a simple list of steps which you can follow and get a Best home loans. Following this will give you the desired result.

Why we kept the 1^st point as credit score check is plainly because your score is very important. A better score will mean higher loan amount and lower interest rate. Hence you must not only maintain your credit score but also try to increase it as much as you can.

That’s when the whole loan process will be simplified for you. So if you think you deserve a good deal, make sure you are not a defaulter and pay your bills on time. If you want the best deals on a home loan, please do not hesitate to contact Ruloans as you will get what you need!