We all dream of buying a house. For this reason, most of us have started saving money from a long time ago. Many times when the savings fall short while buying a house. In such a situation, people have to resort to home loans. However, taking a home loan is also not an easy task. Various eligibility conditions have to be fulfilled to take a home loan. If you do not fulfill the eligibility conditions, then in such a situation your application can be canceled. Your credit score is also seen while approving the home loan. Apart from this, your financial condition is also seen. A home loan is issued in your name only after keeping all these things in mind. If your CIBIL score is poor or you have already had a default history, then in this situation your home loan can be canceled.
At the same time, many people often have a question what documents are required to take a home loan? If you also want to know about this topic, then this news is especially for you. Today we are going to tell you about this.
If you are going to take a home loan, then you must have documents like an income statement, salary slip, form 16, bank statement, ITR return of last two or three years, age proof, address proof, photo identity card property papers, etc.
If you have these documents, then the chances of your home loan getting approved increase significantly. While taking a home loan, you should check about the hidden costs so that you do not have to face problems later.
While taking a home loan, you should also consider the aspect of a down payment. Apart from this, while taking a home loan, definitely check the interest rate. If the interest rate is high, then the EMI of your home loan will increase.
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