Home Loan Guide: Eligibility, Documents, Interest & Tax (Ebook)

Families spend months choosing a home and a few days choosing a loan, though the loan decides lakhs of rupees of cost. This ebook explains how lenders think and how to compare them, so you borrow the right amount on the right terms.

What the guide covers

• Eligibility: LTV limits, the EMI-to-income rule and a worked example
• Your rate: CIBIL, income type, down payment and concessions
• Fixed vs floating and how repo-linked loans change
• Documents for salaried and self-employed borrowers and for the property
• Charges to compare and the steps from sanction to disbursal, including pre-EMI
• Repaying faster: part payment, no prepayment penalty on floating loans, balance transfer
• Tax under the old and new regimes, and protecting your family

The workbook

An eligibility calculator (EMI room, loan amount, LTV limit and down payment), a 16-item documents checklist and a bank comparison sheet that shows total cost including fees.