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5 Things to Look out for When You Apply for a Home Loan

By Finserv MARKETS - Mar 27,2019
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Things to Look for When you Apply for a Home Loan

Deciding on applying for a home loan is one of the best life decisions that you can ever take. After all, it’s an important step towards prosperity and will add to your existing assets. However, many are unaware of the procedure for applying for a home loan and this shouldn’t be a deterrent. We can assure you that it’s not complicated and is similar to applying for a car loan in many ways. Firstly, you need to clearly ascertain your monetary needs and this would require a fair amount of homework.

Here are 5 things to know while applying for a home loan:

  • Kind of Services

Purchasing a property requires a considerable amount of financing, so you need to thoroughly know what kind of services your home loan creditor will provide. Applicants also need assurance that their lender is completely committed to the cause and will service their needs effectively. The repayment period can extend up to 30 years, hence, your contract with the financer will be a long-term contract. By choosing customer-centric home loan providers like Finserv MARKETS, you are subscribing to comprehensive services that’ll take care of all your needs.

  • Trust

You certainly don’t want to get caught in a deal with unscrupulous loan sharks looking to swindle unsuspecting customers. Choosing a trustworthy financer is of utmost importance, hence, a fair amount of background research is necessary. Always take heed of the saying, “If it’s too good to be true, it probably isn’t.” Selecting regulated financers like Finserv MARKETS will provide you with a sense of security and satisfaction at the same time. We believe in being completely honest with our customers and provide them with transparent contracts, which will be explained thoroughly, if needed.

  • Great Products

Who doesn’t like great deals that help save money? Literally everyone, right?  Hence our offerings are devised keeping this in mind. We completely understand that no two applications are the same and therefore we believe in providing personalized services. Our tailor-made solutions will perfectly fit your pocket and offer the best bang for your buck. You will be required to provide a minimum number of documents and your application will get processed quickly. We consider the financial constraints of all our customers and offer them a plan accordingly. Taking into consideration the retirement age of our clients is also our job.

  • Good Communication

Finserv MARKETS will be with you at every step of your home purchasing journey. Our unquestionable commitment towards our clients has resulted in our success and catapulted us to great heights. We are obligated to maintain high standards due to our prominence as a home loan provider. It’s important that you are abreast of your application status at all times. You have many doubts which needs timely clarification. That’s why we will employ different channels of communication to get in touch with you.

  • Great Post-Sale Services

Building long-term, meaningful relationships with customers is important for all home loan providers and will determine their future success. Valuing and respecting clients are traits of a great entity and failure to do so will only bear negative consequences. So, ensure you choose someone who is reliable and guarantees to guides you even after you have signed the contract and deposited your money.

Don’t limit your research to the above-mentioned points as there are many more factors that need to be taken into consideration while applying for your home loan. We hope that you find this piece helpful and wish you all the best!

Home loans with Finserv MARKETS come with attractive interest rates and a host of other features and benefits that can help you realize your dream of owning a home. What’s more? The entire process is quick, easy and can be processed right from the comfort of your home. So why wait? Get your home loan with Finserv MARKETS, today!, You can check if you are eligible for pmay.

Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we works towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.”

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522