UNDERSTANDING HOW TO HANDLE HOME LOANS

By Sachin Mittal

• Did you know that a huge majority of home loan application don’t even pass the first stage? Strange but true.
• This may be because there is such limited information about how to handle home loans? Maybe because limited knowledge amongst potential borrowers is bliss for bankers/HFCs.
• Contrary to what is said in the ads, it is not that easy to get a home loan. There is a myriad of hurdles that need to be resolved.
• The volatility in interest rates in India has affected borrowers of all types of loans.
• Moreover, there are so many misconceptions and myths about home loans that it is not difficult to fall into their trap.