Factors that Look Banks Before Granting You a Home Loan

Most people find it very difficult to buy their new home without getting a home loan from traditional banks. However, one essential aspect that you have to consider is that the approval of the loan is not an easy process. Most people do not even know about the things that are needed for acquiring the home loan. Banks have the power to reject home loan applications because of multiple factors, based on the credit history, the home builder’s reputation, the credit score, the location of a specific property, and most essentially, the relationship that you share with the bank.

At certain times, two people who have the same credit scores can uncover many outcomes linked with the application of home loans. Few banks have the option of internal scores, which are utilized for knowing whether a particular person is eligible for the home loan for Ready to move 2 BHK flats in Ghaziabad or not.

Listed below is a list of the common factors that banks consider before approving home loans.

Credit history

Banks prefer lending money to people who have good financial conditions. Credit scores are responsible for depicting many things about current financial health. Whether you are giving your EMI on time or your default can easily be checked through the credit report. This credit report is usually maintained by multiple bureaus. Usually, a credit score of 800 is considered to be the best score. Nevertheless, if the score is less than 300, the application for a home loan can be rejected.

Occupation

Specific occupations are considered by the banks. For instance, government employees are given priorities as the job they have is stable. After the government employees, banks consider those people who are linked with blue-chip doctors and companies. Next, lawyers, accountants, as well as engineers are preferred. Also, people who are working in private companies or are self-employed get low scores. Occupation is undoubtedly the most important factor that is considered when a home loan is upraised.

Age

Age is an essential factor that banks consider before providing home loans for Flats in Ghaziabad. People between the age group of 30 and 50 years are considered by banks because they tend to be financially stable in comparison to the other age groups.

Distance

Another essential factor that banks consider is the distance of a specific property from the financing bank branch when loans get sanctioned. For instance, as stated by the banks of the public sector, properties within the town or city limits are given more importance.

So these were some points that banks consider before giving you a home loan.

3, 4 bhk ready to move flat in nh 24 ghaziabad

Investing in a real estate property in Ghaziabad is not an easy task. You need to analyze the property depending upon the location, its value, property rates and various other factors that combine to form a perfect ‘home sweet home’. In simple words, the process is very hectic and time consuming. Therefore, as a smart buyer, you must filter your search as per your needs and requirements. To start with, make a complete list of top localities in the city that promise you all the facilities for a sumptuous living. Once you are done with it, compare the regions and pick the right one for your family.

As per research reports, different micro markets in Ghaziabad, such as Indirapuram, Vaishali, Vasundhara, NH24 and others are regarded as some of the most demanded markets among potential home buyers. However, if you go as per property rates, future opportunities and modern facilities, NH 24 is the right option. The area gives you superb connectivity to major cities, such as Delhi, Noida, Greater Noida, Faridabad etc. Hence, you get easy connectivity and accessibility facilities, no matter you are travelling for work, study or leisure purpose.

Further, the area is occupied with a zealous housing project, viz. GolfLinks that offer you a diverse range of ready to move flats in Delhi NCR coupled with contemporary living standards and modern facilities. Here are some of the major benefits of purchasing a home here –

1. Easy Connectivity
Being located on the national highway 24, it offers you superb connectivity to different places that hosts majority of colleges and work places. Hence, the time to travel gets reduced and you reach the final destination much earlier than expected. Also, due to the highway connectivity, the traffic problem is also minimized.
2. Variety of Homes
When it comes to home sweet home, this project offers you a great variety of apartments, villas, shops and ready to move flats in Nh 24 region. Thus, you get a one stop solution for all types of your housing needs.

3. Contemporary Features

The project builder understands all the needs of a modern man. Hence, it offers you several features that will help you improve your living standards. Some of the major features include, round the clock safety features, ample parking space, solid structure, cafeteria, swimming pool and so on.

This is not the end; the project houses a number of other benefits as well that will further enhance your buying experience. So, you must definitely research about the same and find a complete range of 1, 2 or 3 bhk flats in Ghaziabad.
Similar Blog - Ready to move in flats in Rajnagar Extension- LandCraft Developers

Buy Your Flats in NH24 Ghaziabad on 14 Lane Expressway

What makes a location perfect for building your residence? Is it easy connectivity or infrastructure development? Well, to be a perfect destination, the place has to have a combination of both the factors, and not every locality in Ghaziabad can serve you the same. No doubt, Ghaziabad is the finest residential place in NCR. But, since it is the matter of your home, you should be very particular about the locality you choose. Out of all the regions in Ghaziabad, such as Govindpuram, Vaishali, Vasundhara etc., NH 24 is one of the most attractive and well developed localities that will surely offer you a unique experience of living. Hence, if you are planning to buy flats in Ghaziabad, look no further than NH 24.

To make things more transparent for you, here are some of the major advantages of living in luxurious projects at NH 24 –

a) 14 Lane Expressway

NH 24 has always been high in demand, since the day it was founded. However, with passing time, the residents here, observed a lot of congestion while travelling on the highway. As a result, the investments in this area started to decline. But, as everything has a solution, this situation too, got an instant remedy, in the form of 14 lane expressway project. The government proposed a project for the widening of the highway, and as per sources, the project would be completed by May 2019 (as per the last update). Once the project is completed, commuting would be easier like never before.

b) Better Connectivity

Connectivity and accessibility is something that decides whether or not the location would be a better place for you. If you work or study near Delhi, Noida, Greater Noida etc., you should definitely go for NH 24, as it connects you to these places in an instant. Travelling would be so easy that you would even suggest your friends to buy a home here. Additionally, the time involved would be reduced by almost ten times, than what it was before.

c) Class with Affordability

The locality, where you live defines your class. Hence, the place should be adorned with sumptuous facilities that do not make your pocket suffer. As per a renowned real estate developer, the flats here are no less than the most popular ready to move flats in Raj Nagar Extension. This clearly shows the level of luxurious living that this place can offer.

In simple words, finding Ready to move Flats in Delhi NCR, is no haunting activity. With increasing developments and township projects, buyers can have easy access to 3 or 2 bhk Flats in Ghaziabad at the best rates. However, finding the right location is still something very tricky. So, don’t waste your time; just invest in NH24.

How LandCraft GolfLinks is better option to purchase property

Do you dream of an Independent House in Ghaziabad? Do you wish to grab all luxurious facilities around your home and still want the budget to be friendly to your pocket? If yes, you can now have all your dreams come true with LandCraft GolfLinks housing project. GolfLinks is a 92 Acre township project that is a perfect blend of opulence, elegance and sophistication. Thus, all of your needs of a modern lifestyle find an ideal solution at this place.

Here are some of the major reasons why buying a home in LandCraft GolfLinks would be the ideal option for you –

1. National Highway 24

Being located on NH 24, this place gives you the major location advantage. The highway connects Ghaziabad to Delhi, Faridabad, Greater Noida, Noida, Hapur etc. Hence, accessibility to these top cities will be easier and you’ll be able to enjoy a sumptuous living. Not just this, the location offers you the most affordable ready to move flats in Delhi NCR region.

2. All Modern Facilities & Amenities

As mentioned earlier, this township project offers all necessary facilities and amenities that are required in today’s modern lifestyle, for example –

·         State-of-the-art security features

·         Low density planning

·         Market in close proximity

·         5 Star AC Lobbies

·         Integrated sports complex

·         Ample parking spaces

·         Modern Gymnasium

And so on

3. Phase I & II

 GolfLinks by LandCraft has two phases – I and II. The former one offers you an amazing range of ready to move 3 BHK and 4 BHK flats, while the latter is under construction and offers most stylish and affordable 4, 3 & 2 BHK flats In Ghaziabad. The flats available under the phase II begin from 34 lakh on wards. Both of the phases are ideal for a contemporary living and can be the perfect place from where you can plan your dream future.

4. GolfLinks Plaza

Even if you are looking for some Commercial Shops Ghaziabad, this is the perfect place. GolfLinks Plaza is a commercial development by LandCraft, which caters to the shopping needs of different families and is located at the central location of the township. Thus, buying a home here, will make sure that all of your shopping needs are fulfilled and you do not have to go to distant places for meting your daily requirements.

Most Luxurious Property in Ghaziabad

If you have made up your mind to purchase your dream home in a posh locality, GolfLinks is the ideal place that you must head to. Do not waste your time thinking, it is time to act quickly. So, pull up your socks and make your next move!!