Your eligibility for a Home Loan depends on several factors, including your net take-home salary, bonuses, and incentives. Additional income sources, such as contributions from spouse, parents, or siblings' earnings, as well as rental income, can enhance your eligibility. The final loan amount sanctioned also considers the property's value and any existing EMIs or other financial obligations.

Typically, banks require a minimum CIBIL score of 660. However, applications with scores below 660 may still be considered based on your past loan repayment history and satisfactory explanations for any delayed payments or write-offs. The decision on any credit report is made purely based on a financial institution's analysis, considering the customer's present and future income stability, as well as the legal and technical aspects of the property.

Most banks and NBFCs finance properties that have been legally and technically cleared by their panel advocates and engineers. In Bangalore, financial institutions generally fund properties approved by government bodies like BDA, BBMP, BMRDA, and BIAPPA. Some NBFCs and private banks may finance unapproved properties under specific conditions.

Banks/NBFCs typically levy processing fees, legal and technical fees, administration charges, and premiums for life/property insurance. Additionally, borrowers may incur charges such as CERSAI fees, MODT charges, franking/notary fees, EC charges, Xerox fees, and miscellaneous charges. It is important for customers to be aware of all these charges to plan accordingly.

The duration of the Home Loan approval process varies depending on factors such as the completeness of documentation, property evaluation, and the processing times of the bank/NBFC. The speed of approval largely depends on how the loan application is submitted to financial institutions, as well as the efficiency of legal and technical verification and the submission of required reports. If all necessary documents are available and there are no pending issues, financial institutions can sanction and disburse loans within a day or two. Ideally, a practical time frame for the entire process should be within 15 working days or sooner.

Yes, most banks and NBFCs allow prepayment of Home Loans. However, there may be specific terms and conditions, including potential prepayment penalties. It is advisable to consult with your lender to understand their prepayment policies before making any early payments.

No, DS Consultants does not charge any additional fees for Home Loan processing. Clients are only responsible for covering bank and statutory charges. Additional expenses such as photocopying or courier services are billed at their actual cost. For lease rental discounting and real estate advisory services, service charges are discussed and agreed upon with clients in advance. We prioritize transparency by communicating all charges upfront—there are no hidden fees.