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Home loan procedure at a glance

Presently, a majority of the urban population depend on housing finance to fulfil their dream of purchasing their own property. Hence, it is considered one of the most common borrowing options for prospective home-buyers.
- On average, the home-loan ticket size witnessed a massive rise and reached Rs.26 lakh last year. Along with that, certain government-backed schemes, such as PMAY, reduction of repo rate fuelled such growth.
Nevertheless, intending borrowers should be well-aware of the procedure before considering to avail a home loan to ensure a hassle-free loan approval.
Guide on home loan procedure
Since everyone is not well-acquainted with the home loan procedure, increasing the chances of loan rejection, prospective borrowers must know about the lender specific criteria. Therefore, read on to learn more about the procedure to apply for a home loan, its eligibility, etc., before planning to avail a home loan.
- Application for a home loan
Usually, a home loan procedure begins with an application form where borrowers need to fill in necessary information involving personal details, employment and financial information, contact information etc. But before thinking to avail a home loan or any other credit, one needs to fulfil the specified eligibility parameters and produce certain documents.
For salaried
- Applicants should have a stable income source with a minimum experience of 3 years
- Age should be between 23-62 years
- Must be an Indian resident
For self-employed
- Age should be between 25-70 years
- Should be a resident of India
- One should possess a business vintage of minimum 5 years
Besides meeting eligibility parameters, one needs to submit the following documents before applying for a home loan-
- KYC documents
- Passport-sized photographs
- Account statement for previous 6 months
- Income proof involving present salary slip/Form 16 (Salaried) and Profit and Loss statement, business existence proof and ITR documents (Self-employed)
Apart from these documents, borrowers need to provide property documents that include sale agreement, payment receipt, allotment letter etc. In such cases, borrowers can take help of an online home loan calculator to determine the exact loan amount and payable instalments before availing the credit.
- Payment of processing fee
After applying for the loan, applicants are required to pay a nominal percentage which usually ranges from 1%-2%. However, the processing and other associated charges vary from one lender to another. But if the borrower fulfils the eligibility parameters efficiently, he/she can negotiate regarding processing fees and levied home loan interest rates.
- Verification of application
After paying the processing fees, lenders proceed further with the loan application. In this stage, lenders will verify borrowers’ credentials; conduct a thorough background check of an applicant’s financial and personal profile. If required, a representative of the respective financial institution can visit the provided address to authenticate the provided information.
- Assess repayment capacity
It is one of the essential parts of the home loan procedure. After estimating the repayment capacity, lenders determine the maximum credit that one is eligible for. This loan approval amount includes LTV, a maximum percentage of loan amount that can be availed against the mortgaged property.
To enhance the chances of loan approval, one must maintain the following factors apart from eligibility-
- Monthly fixed obligations or FOIR must not exceed 50%
- Maintain credit utilisation ratio within 30%
- Credit score must be 750 and above
Apart from these, individuals can use a home loan eligibility calculator to figure out the exact loan value they can avail depending on other financial factors. Through this, borrowers can ensure higher chances to avail a home loan quickly.
- Verification of property
Next, the respective lender proceeds with the verification of property to ensure that the mortgaged property is free from legal disputes. This verification includes total valuation of property, property’s age and location, title deed verification, etc., and completing the home loan process.
- Disbursal of loan amount
This is the final stage of home loan process, where the amount is disbursed to the agent, seller or builder. Moreover, if the property is under construction, the disbursal amount is divided into several parts based on different stages of construction.
When proceeding with the loan application, existing home loan borrowers can take a look at the pre-approved offers, allowing them to bypass the lengthy application procedure and the hassle of documentation. Reputed financers provide personalised pre-approved offers that make the financing quick and simplified. These offers are available on a broader range of financing options, such as a loan against property, home loan etc. To check the pre-approved offers online, individuals need to mention their name and contact information.
Therefore, as a prospective home buyer, one needs to understand the entire procedure in detail and assess his/her repayment capacity beforehand before planning to avail a home loan. Furthermore, it is wise to compare different financial lenders and settle for one that offers a lower interest rate and flexible repayment option.
I am an experienced financial analyst & writer who is well known for his ability to foretell the market trends as well.

Odysseynews Community
What is your own definition of health?

Health is a multifaceted concept that encompasses physical, mental, and social well-being. In my opinion, health is not just the absence of disease but a state of complete physical, mental, and social well-being.
Physical health refers to the condition of the body and its ability to function optimally. It includes factors such as fitness, nutrition, sleep, and disease prevention. Physical health is vital to our overall well-being, and maintaining it requires a balanced and healthy lifestyle. This includes regular exercise, eating a balanced and nutritious diet, getting enough sleep, and avoiding harmful substances such as tobacco and excessive alcohol consumption.
Mental health, on the other hand, is a state of well-being that allows us to realize our potential, cope with the normal stresses of life, work productively, and contribute to our communities. It encompasses our emotional, psychological, and social well-being. Mental health is an integral part of our overall health and well-being, and it is essential to maintain good mental health by practicing self-care, seeking support when needed, and engaging in activities that promote emotional well-being.
Social health refers to the quality of our relationships and the sense of community that we have with others. It includes factors such as communication skills, social support, and the ability to maintain healthy relationships. Social health is essential because it contributes to our overall well-being and helps us to cope with stress and other challenges in life.
In my opinion, health is not just about the absence of disease but the presence of a balance between physical, mental, and social well-being. Achieving and maintaining good health requires a holistic approach that encompasses all aspects of our lives. This includes adopting healthy behaviors and habits, practicing self-care, seeking support when needed, and engaging in activities that promote our overall well-being.
In conclusion, health is a complex and multifaceted concept that encompasses physical, mental, and social well-being. It is essential to maintain a balance between these three aspects of health to achieve overall well-being. Good health is not just about the absence of disease but about the presence of a state of complete physical, mental, and social well-being. To achieve and maintain good health, we must adopt healthy behaviors and habits, practice self-care, seek support when needed, and engage in activities that promote our overall well-being. By taking a holistic approach to health, we can lead happier, healthier, and more fulfilling lives.

Odysseynews Community
Dr. Jitendra Saran is The Best Dermatologist in East delhi – Book Appointment Today

Welcome to Saran Skin Clinic, where you can find the Best Dermatologist in East Delhi. Dr. Jitendra Saran is a renowned dermatologist with years of experience in providing exceptional care to his patients. As one of the most skilled and knowledgeable dermatologists in East Delhi, Dr. Jitendra Saran uses the latest technologies and techniques to diagnose and treat a wide range of skin conditions, from common issues like acne and eczema to more complex conditions like skin cancer and autoimmune disorders.
At Saran Skin Clinic, we understand that every patient is unique and has specific skincare needs. That’s why Dr. Jitendra Saran takes a personalized approach to each patient, tailoring his treatments to meet each patient’s individual needs and goals. Whether you are looking for medical treatment for a skin condition or cosmetic treatments to enhance the appearance of your skin, Dr. Jitendra Saran and the team at Saran Skin Clinic are here to provide you with the care and expertise you deserve.
We believe that healthy, beautiful skin is an essential part of overall health and wellbeing. That’s why we offer a range of medical and cosmetic treatments to help our patients achieve optimal skin health. Whether you are dealing with a specific skin condition or simply looking to maintain healthy skin, Dr. Jitendra Saran and our team of skincare professionals are here to help.
Saran Skin Clinic – Best Skin Specialist in Laxmi Nagar, Delhi
Saran Skin Clinic, the Best Skin Specialist in Laxmi Nagar, Delhi! Our clinic is dedicated to providing the highest quality dermatology services to our patients. We understand that healthy skin is essential to your overall well-being, and we are committed to helping you achieve your skin health goals.
At Saran Skin Clinic, we have a team of experienced dermatologists who specialize in treating a wide range of skin conditions. Whether you are dealing with pigmentation, ringworm, psoriasis, or any other skin problem, our dermatologists can provide you with personalized treatment options that are tailored to your specific needs.
Our clinic is equipped with state-of-the-art technology, which enables us to offer the latest and most advanced skin treatments. From laser therapy to chemical peels, we have the tools and expertise to help you achieve the healthy, glowing skin you deserve.If you are looking for the best skin specialist in Laxmi Nagar, Delhi, look no further than Saran Skin Clinic. Contact us today to schedule your appointment and take the first step towards achieving healthy, beautiful skin.
Saran Skin Clinic – Top Best Best Dermatologist in Delhi
Saran Skin Clinic, home to the Best Dermatologist in Delhi! Our clinic is dedicated to providing comprehensive and personalized dermatology services to patients of all ages. We understand that healthy skin is essential to your overall well-being, and we are committed to helping you achieve your skin health goals.
At Saran Skin Clinic, our team of experienced dermatologists specializes in diagnosing and treating a wide range of skin conditions, including Dark Circles, dryness, rash, Cyst/Tumor, skin cancer, and more. We are also equipped to provide advanced treatments for hair and nail disorders. Our clinic is equipped with state-of-the-art technology and equipment, which enables us to offer the latest and most advanced skin treatments. From laser therapy to chemical peels, we have the tools and expertise to help you achieve the healthy, glowing skin you deserve.
Saran Skin Clinic – A Trusted Skin Clinic Located in Laxmi Nagar and Mayur Vihar Phase 3
Saran Skin Clinic, your trusted skin care specialist in Laxmi Nagar and MayurVihar Phase 3. We specialize in providing comprehensive and personalized dermatology services to patients of all ages. Our team of experienced dermatologists is committed to helping you achieve healthy and glowing skin. Our clinic is equipped with state-of-the-art technology and equipment, which allows us to offer the latest and most advanced skin care treatments. From laser therapy to chemical peels, we have the tools and expertise to help you achieve your skin health goals.
At Saran Skin Clinic, we believe in a personalized approach to skin care. We take the time to understand your unique needs and concerns, and we work closely with you to develop a personalized treatment plan that will help you achieve your skin health goals. Our team of skin care specialists is dedicated to providing you with the highest quality care in a warm and welcoming environment. We are committed to helping you achieve healthy and beautiful skin, and we will be with you every step of the way.
Saran Skin Clinic, your trusted Best Skin Specialist in Laxmi Nagar. We are committed to providing you with the highest quality dermatology services to help you achieve healthy and beautiful skin. Our team of experienced dermatologists specializes in diagnosing and treating a wide range of skin conditions.
At Saran Skin Clinic, we offer a comprehensive range of medical and cosmetic treatments to help you achieve your skin health goals. Whether you are dealing with wart, ringworm, ace, sunburn, or any other skin problem, our dermatologists can provide you with personalized treatment options that are tailored to your specific needs.
If you are looking for the best skin care specialist in Laxmi Nagar and Mayur vihar phase 3, look no further than Saran Skin Clinic. Contact us today to schedule your appointment and take the first step towards achieving healthy, beautiful skin.

Kuldeep Chawla is a highly skilled and experienced SEO and ORM expert. With many years of expertise in the digital marketing industry.
Odysseynews Community
Exploring the Versatility and Benefits of Cardboard Packaging

Cardboard boxes are a staple in the world of packaging, and for good reason. They are sturdy, versatile, and cost-effective, making them an excellent choice for a wide range of products. As a cardboard packaging content writer, I want to share some insights on cardboard boxes and why they are a great choice for your packaging needs.
- Strength and Durability
One of the most significant advantages of cardboard boxes is their strength and durability. They are designed to withstand the rigors of shipping and handling, providing reliable protection for your products. Whether you’re shipping delicate electronics or heavy machinery, cardboard boxes offer an excellent level of protection against damage.
- Customizable
Another advantage of cardboard boxes is their customizable nature. They can be manufactured in a wide range of sizes, shapes, and designs, making them ideal for a variety of products. Whether you need a small box for a single item or a large box for multiple products, cardboard boxes can be tailored to meet your specific requirements.
- Cost-effective
Cardboard boxes are also incredibly cost-effective. They are relatively inexpensive to manufacture, which makes them an affordable choice for businesses of all sizes. Additionally, they are lightweight, which helps to reduce shipping costs, making them a cost-effective solution for businesses that need to ship their products regularly.
- Eco-friendly
Cardboard boxes are also eco-friendly, as they are made from recyclable materials. They can be easily recycled and repurposed, reducing waste and minimizing environmental impact. This is a significant advantage for businesses that are looking to reduce their carbon footprint and operate in a sustainable manner.
- Branding Opportunities
Finally, cardboard boxes offer excellent branding opportunities. They can be customized with your company’s logo, colors, and messaging, helping to create a memorable and recognizable brand image. This is particularly important for e-commerce businesses, where packaging is often the first physical interaction that customers have with a brand.
Here are some common types of cardboard that are widely used in the packaging industry:
- Corrugated Cardboard: Corrugated cardboard is one of the most common types of cardboard used for packaging. It consists of a fluted layer sandwiched between two flat liner boards, providing excellent cushioning and protection for fragile items.
- Folding Cartons: Folding cartons are typically used for retail packaging and are made from a single layer of cardboard. They are lightweight and can be easily printed on, making them an ideal option for branding and product information.
- Rigid Boxes: Rigid boxes are made from a thicker and more rigid cardboard material, offering superior protection for high-value items. They are often used for luxury product packaging, such as jewelry or high-end electronics.
- Paperboard: Paperboard is a thinner and more lightweight type of cardboard that is often used for cereal boxes, cosmetic packaging, and other retail products. It can be easily printed on and is available in a range of thicknesses.
- Chipboard: Chipboard is a low-cost, lightweight cardboard material that is often used for packaging applications where durability is not a primary concern. It is commonly used for backing boards, display packaging, and book covers.
- Honeycomb Cardboard: Honeycomb cardboard is a type of corrugated cardboard that has a unique hexagonal structure. It offers excellent cushioning and is commonly used for heavy-duty packagings, such as industrial equipment or automotive parts.
In conclusion, cardboard boxes offer a range of benefits and advantages for businesses and individuals alike. They are easy to handle and transport, resistant to moisture and humidity, customizable, versatile, reusable, cost-effective, and safe. As a packaging material, cardboard is a versatile and sustainable option that provides reliable protection for a wide range of products.

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