It is inevitable that you will need to opt for a housing loan if you are buying a house, but thanks to modern day banking, acquiring a home loan is not a laborious process anymore. Since Nukala Constructions is a well renowned name in the infrastructure industry, the chances of your loan being approved are higher.
The executives at Nukala Constructions can guide you through the nuances of every step of the process and will also stand by you, right from the moment you decide to buy a house to the time your loan is approved from the bank of your choice.
However there is some basic information that is good to know before you consider for a housing loan. Below are some of them:
- The following are some of the major banks that provide housing loan facilities and have competitive interest rates in the industry:
- ICICI Bank
- HDFC Limited
- Citibank
- State Bank of India
- Indian Overseas Bank
- Punjab National Bank
- Andhra Bank
- Indian Bank
- Syndicate Bank
- IDBI Limited
- Bank of Baroda
- Central Bank of India
- Canara Bank
- LIC Housing Finance Ltd.( Hyderabad)
- Corporation Bank
- State Bank of Mysore
- Salaried class customers who are residents of India can apply for 20-year tenure and NRI's only for a maximum of 15 years
- Self Employed Professional Class customers (Practicing Doctors, Chartered Accountants etc) can apply for a 10-15 * year tenure
- Self Employed Non Professional Class customers (other business people) can apply for a 10-year tenure
- The payment towards the home loan can be either through Post Dated cheques for 5 years accordingly or they can opt for Electronic Clearance System
The above are just basic information that might come in handy when you are taking the decision of obtaining a housing loan. If you need more details you can contact the bank executives or any one of Nukala Constructions executives. We’ll be more than glad to help
