A home is not just a place to stay in fact it is much more that! It is one such little corner that can be yours, crafted by keeping your needs and tastes in mind. This is the reason why buying a home is always on the radar of many so as to celebrate the joys and enjoy the journey of life. And, in order to fulfill this dream, opting for a home loan is one of the smartest options you have.
Yes, the same allows you to get closer to your dream wish by giving you the required funds instantly. Now as far as availing the same is concerned, with plenty of options available it is absolutely not an easy task to get an ideal lender.
Thus, to keep you away from the hassle of finding the best lender, we are here. Yes, today, we are here to talk about Muthoot home loan, one of the reputed names in the HL industry. If we talk more about the same lender, with its best of home loan services it brings to you the real joy and happiness. And, this is the reason why it is considered to be an ideal option for availing an HL. Let’s just talk more about the same in the article below
The home loan eligibility criteria of Muthoot states that salaried, self-employed professionals and business class are eligible to apply for this secured credit facility. If you fall into the same category, it is easy for you to enjoy a hassle-free journey.
The lender offers you this credit facility instantly so that you can buy your dream home without any hassle. Talking about the loan amount, for a limit of up to Rs.30 Lakh, an applicant can get the 90% of the property value amount. Whereas, from Rs.30 Lakh to Rs.50 Lakh, the maximum loan amount an applicant can get is 80% of the property value.
The moment you apply for a loan, knowing the home loan interest rates is no doubt one of the most important things. So, currently, this lender is offering 12.5% per annum floating rate so that you can have a hassle-free journey. If we talk more about the rates, they are currently lowest which allow you to enjoy a hassle-free journey with pocket-friendly EMIs and Interest Outgo.
It is easy for you to repay the Muthoot finance home loan in affordable monthly installments through Automated Clearing House, which is an advanced version of ECS.
In order to avail this credit facility, you need to have the required documents with you so as to avoid the last minute hassle. To know the complete list of documents, you can visit the official website of the Muthoot.
So, before you take that final call, it is advisable that you should go through this article above so that you can take a smart and calculative decision in the future.