This is crucial in the case of an under-construction property since you may have to keep paying rent for some time yet.Increase and maintain a good credit score.Your home loan application may still be rejected.Yes, that’s right!

This happens:if the home or construction project is not approved by the concernedif the project has legal or title issues or is not registered under the RERAHome loans and income stabilityIf you have income stability, then applying for a home loan from a bank or any Non-Banking Financial company is not so hard.

In addition, keep in mind the number of home loans is generally higher than other loans, so make sure you have gone through all the details related to its procurement.Check your pertaining documents, monthly income and expenditure lists and account balance before applying for the home credit.AffordabilityAffordability is an important factor you should consider before selecting the right option related to home credit.Basically, there exist two different types of home credit.

Your expenditure lists are high, so that your credibility may hamper loan processing, plus the amount you get saved in re-payment of bank loan in future may not be a very difficult one.Study the application form in detailStudy the documents carefully.

Therefore, it is advisable to maintain a strict budget and control over your monthly expenses to pay the bank EMI to maintain credibility and avoid overdue charges.What are the methods for procuring a home loan from any nationalized banks and similar other financial institutions:First of all, apply a letter to the manager or any similar level officials in NBFCs.

Before granting a loan to a bank or any agency, they are tied up with making investigations and valuation of the particular property-house, flat, etc.

The Industrial Credit and Investment Corporation of India (ICICI) , an Indian financial company, established ICICI Bank as a wholly owned subsidiary in 1994.

ICICI was formed in 1955 in a joint-venture that included the World Bank, Indian public-sector banks and Indian public-sector insurance companies.

The purpose of ICICI was to provide project financing to industries in India .

ICICI bank was founded as the Industrial Credit and Investment Corporation of India Bank, before it changed its name to the abbreviated ICICI Bank.

The parent company was later merged with the bank.

The roots of the State Bank of India lie in the first decade of the 19th century, when the Bank of Calcutta, later renamed the Bank of Bengal, was established on 2 june 1806. pursuant to the provisions of the State Bank of India act of 1955, the Reserve Bank of India, which is India's Central Bank, acquired a controlling interest in the imperial bank of india.

in 2008, the Government of India acquired the reserve bank of india's stake in sbi so as to remove any conflict of interest because the rbi is the country's banking regulatory authority.

This made SBI subsidiaries of eight that had belonged to princely states prior to their nationalization and operatonal take-over between September 1959 and October 1960, which made eight state banks associates of SBI.

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