Know your eligibility
Always keep the tenure maximum – Gone are the days where bank charge you for making extra payments on your home loan. Don’t bind yourself Always keep your tenure high to keep your monthly obligation low. Whatever you save should be used for investments or voluntary payment towards the home loan.
Always opt for ECS
Always cover a loan with basic term insurance
Look beyond interest rates and low processing fee
Include wife in loan for better rates and tax efficiency
Always pay the missed EMI in the same month
Stamp Duty and Registration cannot be included in the loan amount
Include other family members in home loan application to boost eligibility
Get expert advice from the mind your savings team
Don’t blow all your money on EMI and always keep room for investments
Don’t put application with multiple banks
Don’t make over commitments to sellers or builders by blindly trusting bank timelines
Avoid borrowing from co operative banks etc
Don’t avoid conservative banks to fast track your loan process
Don’t submit the file with incomplete documentation
Never let your processing fee bounce
Never blindly trust any bank representative. Its always advisable to go with trusted agents.
REASONS FOR REJECTION
Improper personal and property documents
Property located in blacklisted area
No property insurance
Physical condition of the property
Customer profile and dependants
Processing fee cheque got bounced
Research beyond the business plan
We also ensure that the whole team is included in the process and that no one is left out during the turnaround. The most crucial part is ensuring some degree of financial stability during the turnaround.
This is the most worrying part for most clients going through or needing a turnaround; it means that incoming cash flows will change completely. We help ease these issues through fantastic financial projections and a realistic view of what can be accomplished.
Creating a list of potential qualified prospects for your service or product can be daunting when you’re beginning your business. However, this needs to be considered as a follow up on your Target Market Analysis so you can hit the ground running.