Welcome to our company web site!
FINVESTFORTUNE- With an objective to provide quality Financial & Investment services to Small and Medium Enterprises (SMEs) and Individuals in Delhi-NCR, We are informally associated with Industry Experts, who are working with reputed organizations (Top Financial & Management Consultants, Investment Bankers and Real Estate Firms). Read More
-
What is the process of applying for a Home Loan?
Step 1 : Submit your loan application along with required list of documnets .
Step 2: Your application would be assessed based on various eligibility and funding norms.
Step 3: A property valuation and title check may be carried out by the company/representative to determine the property value and lega; clearance of the property to arrive at the loan ammount .
Step 4: Basis the internal and regulatory guidelines may approve or reject the loan application.
Step 5: Submission of the original property documents are required along with signing of agreements, handing over of registered property papers and submission of post-dated cheques/ECS.
Step 6: Upon finding all the documents in order, Bank will disburse the loan amount to the developer/contractor based on the progress of construction. The EMI/Pre-EMI will commence after the disbursement.
-
Am I eligible for a Home Loan?
You are eligible for a loan if you are a salaried, self- employed professional or a businessman.
Your loan eligibility will be determined on the basis of factors such as income, age, qualifications, number of dependants, co-applicant’s income, assets, liabilities, stability and continuity of occupation and savings history.
Further, the loan eligibility will also be dependent on the value of property selected by you.
-
What is EMI and Pre-EMI?
Your loan is repaid through Equated Monthly Installments, which include principal and interest component.
EMI repayment starts from the subsequent month of full loan disbursement, while Pre-EMI is the simple interest, payable every month till the time loan is fully disbursed.
-
Can I prepay my Home Loan? Are there any charges applicable?
Yes, you can prepay your Home Loan any time during the loan tenure.
Currently there is not any charges for Prepayment,Partpayment & Home Loan Balance Transfer.