Invest in Real Estate by Getting Home Loans in India - PowerPoint PPT Presentation

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Invest in Real Estate by Getting Home Loans in India

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IDBI Bank home loan offers flexible loan repayment options and lower EMIs at attractive interest rates. Calculate your eligibility now! – PowerPoint PPT presentation

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Title: Invest in Real Estate by Getting Home Loans in India


1
Invest in Real Estate by Getting Home Loans in
India
2
  • The loans that actually exist seem to be a far
    cry when a potential borrower is bound by the
    constraints of income. But, in reality procuring
    such loans is not that difficult as it seems.
  • Right after the green signal for cent percent FDI
    in the real estate sector from the Indian
    government there has been a sea change in this
    sector in India. As such, FDI in the real estate
    sector has gone up from 4.5 in 2003- 2004 to 16
    in 2005-2006 and it has been increasing since
    then.

3
  • This liberalization of the Indian economy has led
    to the emergence of many lenders in the country.
    As such, this trend has brought about a favorable
    change for the potential borrowers as well i.e.
    the changes in the payback terms and conditions.
    Moreover, with the application of the information
    and communication technology procuring a home
    loan india has become much easier. All these
    factors have led to the elimination of the time
    that was required earlier to procure a loan and
    the processing fee.

4
  • There are various types of businesses within the
    domain of Real Estate. A large number of people
    earn their living with such businesses associated
    with Real estate. Such businesses may be
    professional valuation services, mediator, broker
    etc., between two parties in the business
    pertaining to real estate.

5
  • There are also businessmen who do construction
    works on a land and management of these
    constructions and the real estates. There are
    also professionals who deal with the sales and
    marketing of this sector.

6
  • In order to procure a home loan in India an
    employed borrower must furnish documents
    pertaining to employment status and the salary
    slips of around last six months. When the
    borrower is a self employed man, he is generally
    required to furnish a balance sheet, profit and
    last account of at least three years etc.
    Further, an individual must have attained 18 year
    of age, possess permanent residential proof like
    PAN card, Voter ID card etc. In addition, a bank
    statement would put a client on an advantageous
    position.

7
  • A home loan in India can be utilized to construct
    new building, reconstruct already existing
    building and for various other purposes
    pertaining to house construction. Such loans are
    available in two different forms which are
    secured and unsecured. When it is a secured loan
    the prospective borrower should pledge an asset
    as security against the loan sought.

8
  • Due to the involvement of the security the rate
    of interest of secured loan many reasonably be
    less and the debtor may bear the loan for a
    longer period. The debtor may also be in an
    advantageous position to bargain for more loan
    amount. Similarly, this security puts the lender
    also at the advantageous position by lowering the
    risk on his part to lend loans.

9
  • On the contrary, when it is an unsecured loan the
    prospective debtor need not pledge any security.
    Thus he may not be in a position to bargain for
    himself. Owing to the insecurity the client may
    need to bear higher rate of interest and shorter
    repayment period. Moreover, the credit amount may
    also be relatively smaller.

10
  • Home loan in India is offered by a number of
    banks like Punjab National Bank, HDFC, SBI,
    ICICI. These banks deliver the loans at
    relatively easy EMIs and decrease the burden on
    the borrower to pay of the credit.

11
  • Home loans are also very helpful in purchasing
    real estate property in India. It is because the
    population of the country is more than hundred
    corers and purchasing a real estate property here
    is definitely a big deal since the majority of
    the populations of the land are not sound enough
    to purchase a real estate without the support of
    home loan in the country.

12
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