<p id="E68" class="qowt-stl-normal0" style="text-align: justify;"><span id="E69" class="qowt-font4-Cambria">Purchasing a property is not for the faint-hearted. And it isn’t because money is involved—a lot of money. </span></p>
<p id="E70" class="qowt-stl-normal0" style="text-align: justify;"><span id="E71" class="qowt-font4-Cambria">You obviously cannot miss out on the house you’ve researched and eyed for so long. The age old tradition of </span><span id="E72" class="qowt-font4-Cambria">utilizing</span><span id="E73" class="qowt-font4-Cambria"> your savings also wouldn’t be a great idea because you’ll always need money to address emergencies.</span></p>
<p id="E74" class="qowt-stl-normal0" style="text-align: justify;"><span id="E75" class="qowt-font4-Cambria">So, what do you do?</span></p>
<p id="E76" class="qowt-stl-normal0" style="text-align: justify;"><span id="E77" class="qowt-font4-Cambria">It’s simple; you opt for a Home Loan. You get plenty of money in your hands, which can then be repaid as per your income. Not just that, you get to decide the tenure for repayment.</span></p>
<p id="E78" class="qowt-stl-normal0" style="text-align: justify;"><span id="E79" class="qowt-font4-Cambria">With such a lucrative deal on offer, how do you pick the best deal for your purchase? Well, you’ll come to know of that as you continue reading. But first, you should explicitly understand its necessity, and the underlying process.</span></p>
<p class="qowt-stl-normal0" style="text-align: justify;"><img class="aligncenter wp-image-4932 size-full" src="http://hkbutterfly.org/wp-content/uploads/2016/04/Here’s-How-You-Find-the-Perfect-Home-Loan-Deal-in-the-Market.jpg" alt="Here’s How You Find The Perfect Home Loan Deal In The Market" width="251" height="201" /></p>
<h3 class="qowt-stl-normal0" style="text-align: justify;">Why Should I Take a Home Loan?</h3>
<p id="E82" class="qowt-stl-normal0" style="text-align: justify;"><span id="E83" class="qowt-font4-Cambria">The market for real estate and property is a fast moving one. The sooner you invest in a home of your dreams, the better chances there are for returns. Plus, it is always a great investment strategy for the future. A loan also helps to bolster your income in a planned manner so that you have less to stress about after buying your home. </span></p>
<p id="E84" class="qowt-stl-normal0" style="text-align: justify;"><span id="E85" class="qowt-font4-Cambria">With convenient and lucrative Home Loan options, it is not a daunting task anymore to purchase your own home. There are loan deals that allow for flexible EMIs and also make use of low</span><span id="E86" class="qowt-font4-Cambria"> </span><a id="E87" href="https://www.bajajfinserv.in/finance/home-loan/salaried-home-loan-fees-and-interest-rates.aspx" target="_blank" rel="noopener noreferrer"><span id="E88" class="qowt-font4-Cambria qowt-stl-Hyperlink">Home Loan interest rates</span></a><span id="E89" class="qowt-font4-Cambria">, thus securing your financial stability.</span></p>
<h3 class="qowt-stl-normal0" style="text-align: justify;">How Do I Apply for a Home Loan?</h3>
<p id="E92" class="qowt-stl-normal0" style="text-align: justify;"><span id="E93" class="qowt-font4-Cambria">As long as you’re an Indian resident, over 25 years of age, and salaried, with a work experience of more than three years, applying for a Home Loan will not be a daunting task. You’ll need to submit your personal and financial details, employment status, along with documents like complete loan application, three passport size photographs, identity proof, and proof of residence. </span></p>
<p id="E94" class="qowt-stl-normal0" style="text-align: justify;"><span id="E95" class="qowt-font4-Cambria">Once the application is approved, you’ll be given the clear to discuss terms with your banker and set a realistic goal for repayment. </span></p>
<h3 class="qowt-stl-normal0" style="text-align: justify;">How Do I Find the Perfect Deal for a Home Loan?</h3>
<p id="E102" class="qowt-stl-normal0" style="text-align: justify;"><span id="E103" class="qowt-font4-Cambria">Once you meet the age criteria mentioned above and have a stellar credit score, submitting the loan application will be a cakewalk. However, you must consider the following parameters so that you avail the best deal in the market:</span></p>
<ul style="text-align: justify;">
<li id="E104" class="qowt-li-0_0 qowt-list qowt-stl-normal0"><span id="E105" class="qowt-font4-Cambria">You should co-sign with your spouse or any earning member of your family to get a higher amount sanctioned</span></li>
<li id="E106" class="qowt-li-0_0 qowt-list qowt-stl-normal0"><span id="E107" class="qowt-font4-Cambria">Negotiate</span><span id="E108" class="qowt-font4-Cambria"> fixed or floating interest rates with your lender based on your preference</span></li>
<li id="E109" class="qowt-li-0_0 qowt-list qowt-stl-normal0"><span id="E110" class="qowt-font4-Cambria">Try saving more and make bigger down payments to reduce interest charges</span></li>
<li id="E111" class="qowt-li-0_0 qowt-list qowt-stl-normal0"><span id="E112" class="qowt-font4-Cambria">Check for hidden charges such as prepayment and application processing fee</span></li>
<li id="E113" class="qowt-li-0_0 qowt-list qowt-stl-normal0"><span id="E114" class="qowt-font4-Cambria">Ask if the repayment schedule and EMIs are flexible</span></li>
<li id="E115" class="qowt-li-0_0 qowt-list qowt-stl-normal0"><span id="E116" class="qowt-font4-Cambria">Check the lender’s policy for a </span><a id="E117" href="https://www.bajajfinserv.in/finance/home-loan/salaried-home-loan-balance-transfer.aspx" target="_blank" rel="noopener noreferrer"><span id="E118" class="qowt-font4-Cambria qowt-stl-Hyperlink">Home Loan transfer</span></a><span id="E119" class="qowt-font4-Cambria"> </span><span id="E120" class="qowt-font4-Cambria">clause which will help you in the future to switch to a better lender offering lower interest rates</span></li>
</ul>
<p style="text-align: justify;"><span id="E122" class="qowt-font4-Cambria">A Home Loan will bring you closer to your dream home; however, it’s still a debt at the end of the day. Therefore, read through the policy documents, ask questions, and always seek help from financial experts.</span></p>

Here’s How You Find The Perfect Home Loan Deal In The Market
