By Sheetal Kumari | March 3, 2025
MC Desk | April 14, 2025
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A good CIBIL score (750 and above) helps you get faster approvals and better interest rates.
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Compare floating and fixed rates across banks and NBFCs.
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Use EMI calculators to know your monthly outgo and check if it fits your monthly budget.
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Ensure you have ID proof, address proof, income documents, property documents and bank statements.
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Loan amount depends on your income, repayment capacity and job stability—check before applying.
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Account for processing fees, legal charges, stamp duty and insurance while planning finances.
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Be transparent about ongoing EMIs—lenders assess total obligations before approval.
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Check for clauses on foreclosure, part-payment and rate revision to avoid future shocks.
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A longer tenure reduces EMI but increases interest outgo—balance wisely as per your goals.
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Pre-approvals are conditional—loan is sanctioned only after due verification by lender.
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Moneycontrol advises users to check with certified experts before taking any investment decisions.
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