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Unlike what we imagine, it is super easy and convenient to Apply for Home Loan online. In addition to the existing benefits of availing a home loan, there are 3 Main Benefits of becoming a homeowner in present times.

1. Many options for homebuyers in the affordable home segment.
2. GST rates on house purchase have been reduced significantly.
3. Home loans have become very affordable today with very low interest rates.

Now’s a very good time to become a homeowner; take the first step today.

‘Home’ brings to mind comfort, relaxation, pride and family time. Every owner of house you meet will tell you that her home gives her a sense of identity and its ownership is sacrosanct; this is one big asset one would never trade for anything in the world.

To experience this sense of fulfilment, ownership, pride and joy, now would be a good time to lan your home purchase. Becoming a homeowner needn’t be hard on your pocket. You can Apply for Home Loan and bring alive your dream of owning a home. There are numerous benefits of availing a home loan; you get various tax benefits on interest paid and loan amount repaid; with a Home Loan Apply to achieve homeownership today instead of in future; the home loan provider helps you in terms of assessing the builder’s credibility and track record and the legal documents pertaining to the building.

In addition to all of these plus points, there are 3 key benefits of becoming a homeowner in present imes:

Low property prices: Now homebuyers have various options in the affordable home segment. This has a two-pronged benefit for a home buyer – on one end, they can afford a larger home or purchase a home for a lower amount than they had budgeted. On the other hand, they can enjoy other benefits of buying a home with a home loan such as tax benefits, paying a small amount as down payment and using a home loan to pay the rest, longer loan repayment tenure of up to 30 years etc.

Decreased GST rates on home purchase: GST (Goods and Services Tax) rates on home purchase have been reduced significantly. Currently, the GST rate levied on purchase of residential homes is 5 percent (1 percent for affordable homes) without the benefit of input tax credit (ITC). Buying a home today will give you the benefit of these low rates.

Interest rates dipped: Home loans have become very affordable today with interest rates moving downward in the recent past. Less interest rates result in lower EMI amounts which makes home loans more attractive and affordable.

The main benefit of a home loan is that you can become a homeowner today and you needn’t wait to accumulate sufficient capital to make your home purchase. Also, your home loan repayment tenure can extend up to 30 years depending on your loan eligibility and other norms of the home loan provider (the longer your loan tenure, lower is the EMI amount). This gives you the relaxed feeling of repayment over a long period without putting pressure on your finances.

Although you may be convinced about the need to consider becoming a homeowner today, you may wonder how to go about availing a home loan, which is one of the first steps to your home purchase. One of the simplest ways to avail a Home Loan, Apply Online. If you Apply for Home Loan Online, you can make your application with a few simple steps. For example, HDFC’s online application for a home loan is quick and easy.

Majorly it requires you to do is visit www.hdfc.com, check your loan eligibility, fill in the property details (if you have made your selection), fill the loan application form with your personal details (name, age, income details, etc.), upload your documents (identity proof, address proof, income tax returns, etc.) and
submit. After receiving your loan application, HDFC instantly initiates the processing of your loan and reverts with the loan approval and other terms.

In short, now’s a good time to make the big decision of becoming a homeowner; take the first step today.