Home Loan in TAMIL NADU

Best Home Loan In Tamil Nadu In general, a high credit score is one of the most crucial factors when it comes to getting a loan. It is considered as the key to acceptance for all loan applications.. But that’s a myth. A high credit score won’t guarantee home loan approval. There are other factors such as the monthly income of the borrower, monthly expenditure ratio, current obligations et al that determine the approval of home loans.

With us, you do not have to worry about a high credit score. Even if you have a low credit rating, you can still apply for a loan as we generally look at the borrower’s financial income and capacity to repay the debt.

Know more about Home Loans

A lower interest rate does not guarantee the best deal for the borrower. Interest rate is one of the essential factors; however, it is not the only factor affecting the overall cost. A home loan borrower must study other vital factors such as loan initial processing fee, home loan processing time, transaction fees, legal fees, etc.  

we do not charge our customers any additional charges and that is how we offer our clients the best deal.

Home Loan Eligibility

Many home loan borrowers have this misconception that they would have to repay the loan from scratch if they want to switch from one financial institution to another. Under the “home loan amortization plan” you will find a summary of your principal and interest charged out of each EMI.

The new financial institution will check your remaining principal amount that is still to be paid, and they will also calculate the EMI based on the number of months left with your previous bank /financial institution.

We hope this article helped in busting some of the misconceptions you had about the entire process of getting a loan. Talk to our representative today to take the first step towards owning your home BankVallet