Here’s An Opinion On:
Get Your Own House by Taking Home Loan
by
Aman Jaryal
Home basically is the need of each and every person in today s time. But due to a rapid increase in the rates of the property from past few years it is quite difficult for a lower class person to afford his/her own home. So to fulfill the needs of those people there is a facility for a person to take a loan from several banks and from Non- Banking organizations at some amount of interest. There are different types of home loan available in the market and the person must have significant knowledge about the home loan before taking a loan from any organization.
Loan against Property
is one of the easiest way to lend money from banks or other financial institutions so as to fulfill our needs. Basically, loan against property is the way of getting a loan from any organization on behalf of the security. It is the best way to get a loan when you need instant money. Loan against property will be given only against the self-obtained property which could be a house or a piece of land.
Many organizations provide the facility of giving loans. For example,
PNB Home Loan
is the service which provides home loans by different ways. Similarly, there are many other banks and other financial institutes which provide loan at different interest rates. The person should choose the best plan according to his needs. Now a day it can be done by two easy ways. First is by visiting your nearest organization and consult them about taking loans, and the second is the internet where he/she can search about different banks and contact them by online mode.
Now all organizations have almost same eligibility criteria for giving loan to any person. This criterion is different for different working categories such as there are many kinds of employees like salaried employees, self-employed professional or self-employed businessman. The banks or financial institution provides the loan for employees by obtaining application form with a neat photograph, his/her identity proof (Driving license, Voter Card etc.), resident proofs (Resident Proof should be on the name of borrower), his/her last six month salary slips and for self-employed businessman resident proof, identity proof, their last 3-years Income Tax Returns, business existence proof & business balance sheets.
Aman Jaryal is Financial Service Provider from last 5 years. She has done MBA from Delhi University. She has gained experience in Banking sector. She deals with services like Loans, Insurance, tax saving etc.
Article Source:
ArticleRich.com