

- About Us
- OUR OFFERINGS
- CALCULATORS
- RESOURCE CENTRE
- Quick Links
- NEWS CORNER
-
INVESTOR RELATIONS
- Financial Reports
- Investor Presentations
- Annual Reports
- Sustainability Framework
- Notices
- ESG Profile
- IEPF
- Investor Call Transcript
- Corporate Announcement
- Public Issue of NCD'S
- Qualified Institutional Placement
- Investor Relations Contact
- Familiarisation Programmes
- ISO CERTIFICATIONS
- Forms for Shareholder KYC-PAN-Nomination update
- Credit Ratings
- CONTACT US
- Login

Online

India's 1st Completely Online Home Loan!
-
e-APPLY
-
e-SANCTION
-
e-DISBURSE
Start your eHome Loans Process Now!
Apply OnlineThe Doorway to your Dream Home is just 5 Steps Away

- Home Loans Guide
- Jun 25, 2018
- VIEWS: 5697
Buying your very own home is not an impossible feat. Here are a few ways to ensure this dream home of yours is well within your reach.
Step 1: Make a physical list of priorities
Start by making a realistic and a prioritized list of things that are important to you. When you start house hunting, strive to get at least the top 3 things on that list in one place. This is to ensure that you choose a place that fits your needs and don’t end up settling for one that doesn’t.
Are you most concerned about the location? Square footage? The view? The neighborhood? You may have to let go of one thing to get another, but it’s easier to be more focused when you know what’s non-negotiable. Also, distinguish between your preferences and your needs on that list.
For example, you may have loved the tall ceilings at your last house, but do you really need them in your new home? This process will help you switch your expectations and focus on the things that really matter the most, like a safe and open play area for your children.
Step 2: Think ahead
For how long do you plan on staying in this house? If you are single or newly married, you might end up opting for a smaller space for the time being and plan on moving to a larger home to keep up with your changing needs.
However, if you are planning on expanding your family or working from home soon, make sure you factor in the space you’ll need for that accordingly. In other words, don’t give in to something that has features you know will only work for a year if you plan on spending a decade there.
Of course, life is unpredictable and you can’t plan for everything, but consider the things you know for sure or at least the things that will probably change in your near future.
Step 3: Stick to your budget
The ideal budget differs from person to person, which is why there’s no perfect number or answer to this. However, a realistic way to go about this is by keeping your EMI amounts to about 25% of your total monthly income. For those who plan on living in a metro where the housing prices are at an all-time high, you might have to stretch beyond this number.
Make sure that the property that you have looked for fits your budget. Ensure that you do not land up in a situation wherein your EMI amount exceeds your monthly budget. To do so, use the Home Loan EMI calculator on the Indiabulls Home Loan app or web page and work backwards from there.
Step 4: Choose the home loan that fits your needs
It’s advisable to consider a home loan that comes with one of the lowest interest rates in the market, like the one that IBHFL offers starting at just 8.50%.
Other than affordable rates, IBHFL’s quick, documentation-free, and easy process is also incomparable to most others.
Step 5: Have an ‘almost’ fool-proof repayment strategy planned
Once you acquire a Home Loan, finances will obviously become tighter than ever. Every single expense must be documented and planned, allowing very little scope for wavering towards a splurge. One must also set aside a certain percentage of their income for financial emergencies.
Related Articles:
- A new beginning: Financial Resolutions to buy that dream home this New Year
- Tips to Save Money for the Down Payment of your New Home
- 10 Tips for a hassle-free home buying experience!
The post The Doorway to your Dream Home is just 5 Steps Away appeared first on Indiabulls home loans.


MCLR in Home Loan
The interest rate is one of the most important components of a loan, especially in the case of a high-value loan that lasts for 2 decades or more; the home loan.
- Home Loans Guide
- May 24, 2019
- VIEWS:

Types of Home Loan Charges
Most people fulfil their wish of becoming homeowners by taking out a home loan. It is the easiest way to afford a property as one can pay for the house in monthly instalments.
- Home Loans Guide
- May 24, 2019
- VIEWS:
No Comments
Subscribe
Most Viewed Blogs
Categories
- Home Loans Guide 125
- Home Renovation Loan Guide 3
- Home Loan Transfer Guide 14
- Home Extension Loans Guide 1
- Loan Against Property Guide 28
- Home Loan Interest Rates Guide 2
- Others Guide 8
- Home Decor & Lifestyle Guide 5
- Plot Loan Guide 3
- PMAY Guide 5
- Uncategorized Guide 1
- NRI Home Loans Guide 5
- Financial Resolutions Guide 1
- New Year Resolutions Guide 1
Archives
- Mar 2020
- Jan 2020
- Nov 2019
- Sep 2019
- Jul 2019
- Jun 2019
- May 2019
- Apr 2019
- Mar 2019
- Feb 2019
- Jan 2019
- Dec 2018
- Nov 2018
- Jul 2018
- Jun 2018
- May 2018
- Apr 2018
- Mar 2018
- Feb 2018
- Jan 2018
- Dec 2017
- Nov 2017
- Oct 2017
- Sep 2017
- Aug 2017
- Jul 2017
- Jun 2017
- May 2017
- Apr 2017
- Mar 2017
- Feb 2017
- Jan 2017
- Dec 2016
- Nov 2016
- Oct 2016
- Jun 2016
- Apr 2016
- Mar 2016
- Feb 2016
- Jan 2016
- Dec 2015
- Nov 2015
- Oct 2015
- Sep 2015
- Aug 2015
- Jul 2015
- Jun 2015