Few tools that you can use to get best home loans from lenders.

Most people​ ​need​ ​home loan to buy a house. You can apply for a loan after you shortlist a property.

There are some tools that you can use to lend a home loan. You can use these smart ways to get the best home loan at lowest interest rates from the lender.

Eligibility for loan:

Most of the people those who apply for a home loan may not have ready cash in their hand to buy a home. But no lender will give loans without checking your home loan eligibility​,​ they will evaluate your eligibility before sanctioning​ a​ loan.

To know whether you are eligible for the home loan you can check your eligibility with mymoneykarma home loan eligibility calculator. Your eligibility depends on factors such as your earnings, expenses, other ongoing loans, and age.

Typically, lenders will only give you a loan whose equated EMI is up to 50% of your monthly income, taking into consideration all your other EMIs. Your home loan eligibility can differ from lender to lender.

Lender comparison

Once ​you are in know of your ender and their offering amounts, ​y​ou ​can then do a comparison analysis ​u​sing home loan comparison tools ​with regards to process fee, interest rate, admin chargesetc. Processing fee may range between 0.25% to 1% of the loan amount

Instant home loans

Most of the lenders are focusing on getting into digital space to provide faster services. Many lending financial institutions have tie-ups with loan to get more customers on board.

Mymoneykarma has lenders to offer instant home loans to potential borrowers. You can apply online for home loans through websites of ICICI Bank, or Axis Bank,Indiabulls, HDFC, DHFL and many more on our platform