Alert! Know These Tips Before You Sign The Home Loan Deal
Banks seek interim security for home loans:
Almost at the last stage of granting the loan, when a borrower somewhat breathes a sigh of relief that the basics are done, banks ask for a short term security evidence of an existing property. So those who don’t have a property can’t take a loan? No, in that case they need to beg or borrow from friends and family to be the guarantor of the loan or showcase the latter’s property as proof.
Banks judge property price as per their index:
Well, banks grant loan amount up to 80pct of your property value. They decide this on the basis of research conducted by their in house finance advisors and real estate index.
So, agree to them After all, they are safe and secured.
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