Estimate eligibility before finalising the flat
Banks usually consider income stability, current EMIs, credit history, age, employment type and property documentation. An eligibility estimate is not final loan approval.
## Plan the down payment and additional costs
- Your contribution or down payment
- Stamp duty and registration
- Processing, legal and valuation charges
- Applicable project and maintenance charges
- A safety buffer for shifting and initial expenses
## Keep documents ready
Common documents include identity and address proof, bank statements, income proof, tax records and details of current loans.
## Compare the total loan
Compare the effective rate, tenure, EMI, processing fee, insurance, prepayment rules and whether the rate is fixed or floating.
Important: Property prices, availability, loan terms and possession details can change. Verify current information and documents before making a financial decision.
