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Home Loan - Real Estate Q&A Forum

A home loan is a secured loan provided by banks and financial institutions to individuals for the purpose of buying or constructing a residential property. The loan amount, interest rate, and repayment tenure are determined by various factors such as the borrower's income, credit history, and the property's value.

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D
Divyanshu Dubey
Asked On: 3/7/2023

Replied by Manushri Dhar On 5/7/2023
To repay a home loan faster, consider making additional payments or prepayments towards the loan principal amount, which can help reduce interest and loan term. You can also choose ...

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K
Kamini Deshmukh
Asked On: 3/7/2023

Replied by Vivekanand Dewan On 6/7/2023
In HDFC, it is not possible to convert a personal loan to a home loan directly. You would need to apply for a new home loan and use the proceed...

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A
Anuradha Parekh
Asked On: 3/7/2023

Replied by Mahitha Kulkarni On 5/7/2023
A pre-approved home loan is a service provided by banks and financial institutions in which they evaluate a borrowers creditworthiness and approve a home loan application prior to the borrowe...

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V
Vinita Dhar
Asked On: 3/7/2023

Replied by Vineeta Singh On 3/7/2023
Under certain conditions, SBI allows you to convert a personal loan into a home loan. The borrower must approach the bank and express his or her desire to convert th...

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H
Harshini Mahajan
Asked On: 3/7/2023

Replied by Sakaleshwar Khanna On 5/7/2023
To apply for a home loan in India, you must first research and compare the interest rates, processing fees, and other charges of various lenders. Then, gather all of th...

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T
Tapas Kumar
Asked On: 3/7/2023

Replied by Nishi Amin On 6/7/2023
Yes, Form 16 is required for obtaining a home loan. It is a tax deduction certificate issued by an employer that shows the amount of tax deducted from the employe...

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N
Namish Dalal
Asked On: 3/7/2023

Replied by Rupika Amin On 3/7/2023
A co-applicant is not required to apply for a home loan, but it can increase your chances of approval and allow you to obtain a larger loan amount. A co-applican...

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V
Veena Chopra
Asked On: 2/7/2023

Replied by Sudeepta Bhatt On 5/7/2023
The interest rate on a home loan varies depending on a number of factors, including the loan amount, loan term, borrower credit score, and lender policies. In India, home loa...

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S
Sohni Kohli
Asked On: 2/7/2023

Replied by Apeksha Lal On 4/7/2023
You can reduce home loan interest by negotiating the interest rate with the lender, choosing a loan with a lower interest rate, or selecting a floating rate home loan tha...

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S
Spoorthi Anthony
Asked On: 2/7/2023

Replied by Shrijani Bhasin On 4/7/2023
Yes, you can get a home loan after you get a personal loan. Taking out a personal loan before applying for a home loan, on the other hand, may hav...

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