Did You Apply for Home Loan in Varanasi?
Owning a home sweet home is the dream of many. However, given the inflation, miscellaneous expenditures seem to pile up. With a broken heart, the dream of owning a home dies. Hang on! This isn’t happening, all thanks to home loans. Now, every middle-class person can dream of owning a house with the help of a home loan in Varanasi. And today, India’s leading financial institution Bhumi Finance is here to tell you everything you need to know about home loan Varanasi.
Things to keep in mind before applying for a loan
In order to get a home loan, consider the following things:
Compare the interest rates of various banks and financial institutions.
There are umpteen banks and financial institutions that provide home loans at a reasonable interest rate. Always keep in mind that the lowest rate is not offered to all borrowers and often comes with various terms and conditions. So shortlist at least 5-7 lenders and then start checking their terms and conditions to bag the lowest rate.
Have a co-applicant.
Usually, having a co-applicant can ease the process. You can easily get a home loan at a low interest rate if the co-applicant is young, female etc. Having a female borrower as a co-applicant can also help you reduce your interest by 0.05%. So, if you take the loan jointly with your spouse, then the loan agent in Varanasi can get you a better rate.
Check your eligibility.
Today, there are various home loan EMI calculators available online that can help you in calculating your home loan EMIs. In this manner, you can be prepared mentally as well as financially for the amount that you will be required to pay later.
Documentation
In order to make sure that your home loan application gets passed immediately, it’s important to prepare the documents required carefully. In case you miss attaching an important document, chances are your application will fail. As per Bhumi Finance, the following list of documents are required if you wish to apple for a home loan in Varanasi:
Application form with photograph duly signed.
Identify proof (includes aadhaar card, voter ID card, ration card, passport, valid driving license etc.)
Address proof (includes aadhaar card, voter ID card, ration card, passport etc.)
Income proof (6-month bank statement, salary slip and form 16)
IT Returns and financial statements of the last 3 years.
Processing fee cheque.
Informal income documents.
Copy of Allotment letter/seller's agreement.
Receipt/s of payment made to builder/developer.
Home loan providers in Varanasi
Varanasi, the city of temples is a magnificent place to reside at. To be in the vicinity of one of India’s most revered temples - Kashi Vishwanath Temple and the world-famous Banaras Hindu University (BHU), Asia’s biggest residential universities is worthwhile. Hence, buying a home here can be equivalent to an achievement. Sounds nice, but how? Well, Bhumi Finance is more than happy to help you. We have been serving Varanasi city since August 2015 in the best way possible. We finance properties in the Varanasi district as well as in panchayats nearby to the city. We shall get you the benefit of PMAY, if you are eligible. In addition to that, we have amazing offers for rural housing with great penetration in its segment. We are specialized in providing home loans to un-served, unreached and under-served markets. We offer the most competitive pricing and easy repayment plans to borrowers seeking home loan in Varanasi.
We have emerged as a preferred choice for meeting your housing finance needs. So, if you are looking for the best home loan company in Varanasi, that provides you with best-in-class services and easy home loan process, look no further.
We at Bhumi Finance endeavor to provide best home loans options in Varanasi including:
Home improvement loan in Varanasi
Home loan balance transfer in Varanasi
Home construction loans in Varanasi
Land purchase loan in Varanasi
Loan against property in Varanasi
MSME business loan in Varanasi
Wish to get in touch with us? Visit https://bhumifinance.com/.