Consider the loan process and time involved:

Time taken for the approval can be considered as one of the criteria to choose the bank for home loan as it differs from bank to bank. The loan taking process is difficult and requires some time and submission of many documents.

While applying for the loan check that bank has simpler process and saves your time with better scheme. You can also choose online home loans that are faster when compared to the traditional home loan process.

 Loan eligibility:

Always carry documents that include details like your credit history when you go to purchase a loan. There should not be any pending payment of your credit card or car loans in order to become eligible while applying for a loan.

It will be an advantage for you if you have a clean record in your credit history for payments. Try to focus on the possession of your loan. If your possession loan is longer then you will be paying more overall as the interest paid would be very high.

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                              A Treat From RBI For Home Loan Borrowers