Need Home Loan? Not that easy anymore!!!

Home loans are the types of loans in which the borrower uses the equity of his/her home as collateral. This form of loan is one of the most common as its receipts are on boost with the rising demand.

Buying a house is always a preferable option over renting but since everything has a flip side availing house loans is accompanied by certain desideratum’s and essentials. Home loans are not everyone’s cup of tea. Any whosoever cannot go and get it. A person in want of the loan should be well enough to repay it timely , he has to fulfill the basic eligibility paradigms, knowledge of right banks , lowest rate of interest and notably the EMI’s to be paid inversely proportional to the loan tenure.

Higher Home Prices force Couples to abandontheir idea to own their dream home. However, what they don’t know is that Joint Home Loans application powered by a simple Marriage Certificate can propel them be enabled for that Home Loan with which they can buy their dream house.

A Joint Home Loan need not necessary is in 50:50 percent ratio of husband and wife salary. It can be taken in 80:20 ratio and can go up to as 90:10 ratio. It can be the difference between taking an ordinary home and your dream home.

Further, also note, higher is the comfort a bank enjoys while sanctioning a home loan, lower is the risk leading to a low interest. Even a 0.25% percent reduction would mean you save Rs.2 Lacs for a home loan of Rs. 50 Lacs repayable in 20 years. Sometimes the reduction in interest may be as high as 1% amounting a saving of Rs. 8 Lacs. That’s a whopping 16% saving on the Principal Amount.

Still thinking about applying for a home loan without a Marriage Certificate!

For Queries about Marriage Registration , visit www.registermymarriage.com