How to get Home Loan in India in the right way and effortlessly?
Home Loans are important means to fund your dream home. Since there is huge amount of money at stake, you just cannot go wrong in the home loan process. Therefore some of the tips for first time home buyers are as follows:
1) Choose a home loan provider which has PAN India presence - This ensures the accessibility, doesn't matter where you go/ shift, you can always get connected with them effortlessly.
2) Get a DSA working for you - Applying Home Loan by own is such a tremendous task that many people just try to contact brokers to get home loans. Never do that. Talk to the DSA (direct selling agent) of Home Loans Providers who are appointed directly and are paid commission - so you never have to pay them for their services but for any charges that are incurred on your behalf.
3) Investigate about charges - Know beforehand about the applicable interest rates, processing fees, legal fees, what are the default charges, home insurance (optional in most cases), etc. Your DSA will keep you informed about all of the charges so you don't have to worry about all of this.