Top 10 Home Loan Tips
                     Top 10 Home Loan Tips
The Basics of Home Loan
• A home brings in a new lifestyle and 
new beginnings. For every Indian, 
home is an emotion that they can 
never do without. It is not only a 
feeling, but a sense of security and 
brings in social status. However, it is 
never easy to get home due to the large 
investment it needs. A home is not a 
quick buy as it takes a major portion of 
your income. Today, individuals are 
looking for their own homes because 
of the availability of a home loan. 
A home loan has turned dreams into 
reality. 
Common Reasons for Home Loan 
Application Rejection
• Here are some of the common reasons 
behind rejection of a home loan application
 Poor Credit Score
 Failure in Meeting Eligibility 
Criteria
 Issues with the Chosen Property
 Submitting Incomplete 
Documentation
 Loan Application Rejection 
History
Start saving money for the down payment
 However, home loan is a huge 
burden, as it is a costly and long-term 
commitment. It takes up a good share 
of your monthly income, and hence, it 
needs a lot of planning.
Documents should be in place
• All your documents should be in 
place. Documents like your 
personal identification proof, 
income proof, bank account 
statement, and property papers. 
You need to have all the original 
copies of your documents.
Understand things before you make a 
sudden decision
• Use a home loan calculator to 
understand the EMI and rate of 
interest. It will help you to deal 
with the big and complicated 
calculations. A calculator will be a 
handy one to understand things 
before you make a sudden 
decision.
Choose your loan provider
• Choose your loan provider after a 
lot of comparisons. Do not settle 
for the first approval that you get 
in a home loan. There are various 
options in the market. You need to 
look for at least some of the best 
options, and then settle for the 
best deal with the low rates.
Settle for a low rate so that the EMI is low
• Track the market interest rates. If 
you gain enough knowledge about 
the prevailing market rates, you 
can easily fetch the best rate 
without being at loss. Always 
settle for a low rate so that the 
EMI is low.
• A home loan is a big commitment. 
It goes on for years and the loan 
amount is very high. You need to 
plan your finances accordingly so 
that you can finish off your debt in 
time. Use a home loan 
calculator to take a better 
decision.
Clix Capital Services Private Limited
 Address: 4th Floor, Kailash Building, Kasturba Gandhi Marg, Connaught Place, New 
Delhi-110001
 Call us: 1800 200 9898
 Email us: [email protected]
 Website: www.clix.capital 
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