Owning a home is a dream for many families in India. However, navigating the home loan process can be overwhelming. At Asvil Galaxy Finserv, we help borrowers understand the steps clearly so they can make informed decisions.
Step 1: Define Your Home Loan Requirements
Before applying, consider:
- Property Type: New construction, resale, or under-construction.
- Budget: Consider your savings and desired loan amount.
- EMI Comfort: Ensure the monthly EMI doesn’t strain your income.
Example: Mr. Ramesh from Vijayawada wanted a 2BHK apartment worth ₹45 lakh. He calculated that he could comfortably pay an EMI of ₹30,000/month.