Credit Score: Ensure your credit score is healthy, as it affects your loan eligibility and interest rates.
Interest Rates: Compare interest rates from different lenders to secure the best deal.
Loan Tenure: Decide on a loan tenure that aligns with your financial goals and repayment capacity.
EMI Affordability: Calculate EMIs to ensure they fit comfortably within your monthly budget.
Processing Fees: Inquire about processing fees charged by lenders and factor them into your budget.
Prepayment Charges: Check if there are any penalties for prepaying the loan and understand the terms.
Loan Type: Choose between fixed and floating interest rates based on your risk appetite and market conditions.
Legal Verification: Conduct legal verification of the property to ensure there are no ownership disputes or legal issues.
Hidden Charges: Be aware of any hidden charges like administrative fees or late payment penalties to avoid surprises.
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