The interest rates on home loans have reached an all time low and the fewer procedures for home loans make the whole process quite hassle-free. You have various schemes to opt from to suit your need. These loans from leading Housing Finance Institutions can be arranged with minimum involvement on your part (subject to the conditions put forth by the financial institutions). The pre-approval of Skyline projects by leading Housing Finance Companies makes the whole process a whole lot easier. Maximum loan amount with long term easy installments can be arranged for both NRIs and RIs.
Here is a list of general documents required for sanctioning the loan amount by a Housing Finance Company (HFC). Please note that the list is only indicative and there may be variations/additions for each HFC.
Know your EMI (Monthly Rest Basis)
Here is a chart to know your EMI for a loan of Rs.1 lakh. The EMI (equated monthly installments) for various durations and rates are provided for your reference. However, please note that the loans are provided by various housing finance institutions and Skyline Builders® is not directly involved in sanctioning the loan. Also, the EMIs will vary for different financial institutions.
The information given below is only for your reference and shall not be taken as final. Please contact the financial institution for the current EMI.