The home is where the heart is and it is the wish of everyone to have their dream home at some point in life. People save some money every month and invest in some investment tools to save money for buying a home.
The leading home loan lenders also let you apply for home finance via their loan app to get quick approvals. Using lending apps can help you fill application forms and get loan approvals right on your smart mobile phone. This way, you can save your time and efforts by visiting the lender physically for the same.
Some benefits of online home loan:
Higher Loan Amount- You may be looking to buy a villa, duplex, 3BHK flat, and many more types of residential properties, which may cost into crores. An online home loan from a leading online finance institution can let you borrow up to Rs. 10 crores to fund your needs.
Lower Rate of interest- The home loan interest rate is lower as it’s a secured loan service, which means that you need to keep something for collateral or security with a lender.
Top-up Loan Facility- You can get a high-value loan over and above your existing online home loan with a lower rate and longer tenor to fund other needs in life. You can get Rs. 50 lakhs or more as per your lender’s top-up loan policies.
Flexible Tenor- You can easily divide the cost of your online home loan over a longer tenor. You can opt for a flexible tenor ranging up to 240 months to pay smaller EMIs.
Online Loan Access- You can also access the digital customer portal of your lender to access your online home loan details 24/7 and from anywhere.
