Is Getting A Home Loan Easier When Buying from a Reputed Builder?

To own a house is a dream that can be realized with some financial aid that is often taken in the form of a home loan. You just need to choose a house according to your requirements and a reputed builders will help you get a home loan without much hustle-bustle.

Indeed, getting home loan will be a lot easier if bought from a reputable builder.

Wondering where can you look for a dream home and how to obtain money for the purchase? Then you are at the right place to get some of your answers.

First things first. Let’s just check out some of the available options of properties that could become your home, that too from reputed builders.

Some Good Flats to Consider

Praneeth Leaf Flats are for sale in Hitech city Mallampet. These are 3BHK Duplex Villas by Praneeth group that come in right sizes to suit your requirements. There are spacious, comfortable and classy 3 & 4 BHK duplex villas in the PraneethPranav Leaf project, which is spread across approximately 30 acres of land. Each villa ranges from around 150-210 sq. yard in area and has a solar-powered fencing option. The entrance is stylish and the villas are vaastu compliant. Besides that, all villas have access to great amenities such as swimming pools, air-conditioned gymnasiums, various sports courts, club house, guest rooms, library and even a skating rink. More importantly, the premises are always monitored by CCTV cameras to ensure the safety of residents.

Flats are on Sale in Bachupally, Hyderabad

PraneethPranavTownsquare offers premium flats for sale in Bachupally. The flagship residential apartments are safe, secure and offer unbeatable amenities. The 6 acre project with 527 properties offers buyer ample options to choose from.

Another option to consider is the flats that are for sale in Tellapur. The apartments are located away from the noisy environment of crowded parts of the city, in a serene and peaceful environment. Besides being in close proximity to major IT and educational hubs, the residents can also enjoy the world-class amenities provided by the builders such as swimming pools, club house, guest rooms, banquet hall, gymnasium, children’s play area, garden and more.

Should you apply for a loan through builder?

You may feel a little insecure to apply for a home loan through the company from which you are buying property.

But when it comes to property, the trend is really a welcomed and appreciated step. You can buy a house of your dreams from a reputed builder at a locality of your choice, like Flats in Hitech City, Bachupally, Tellapur etc.

But you need to have a large sum in your hands for that purpose. Obviously, you will think about applying for a home loan. Additionally, the home loan provider will research on their own about the property bought before sanctioning the loan. This will further ensure you are purchasing from a verified builder. Great.

If the builder is reputed and renowned, then the loan application will clear one hurdle that the property bought is not a fraud.

Following that, numerous formalities, multiple to and fro conversations, tremendous paperwork etc. will follow before your loan gets approved. Most likely, you are going to waste a lot of time chasing the bank to get the home loan approved.

But all this effort and hardship can be avoided if one applies for a home loan to a financial institute that has already tied up with the builder.

Now, in many cases the construction company receives a commission whenever a customer applies for a loan through the company but it’s a good deal for you too. Firstly, whatever loan amount you apply for the home loan, only 05% to 1% of the amount goes to the builder as a commission. But much of your hassle has been resolved thanks to this process.

Reputed builders tie up with financial institutes to make their sale process smoother. The financial institutes or banks follow the same process to be more aware of the individual or group to whom they are paying such a large sum. And likewise, you are spared of multiple investigations, repeated paper work while availing the loan. This is going to save you a lot of time and effort.

But the only thing one needs to keep in mind is to be a bit careful when borrowing from financial institutes other than banks, like non-banking financial companies (NBFCs) even though they are less strict in sanctioning a loan. So, one should be cautious if they are putting their money in trusted hands.

But banks sanction a home loan after thorough research. And if a bank is already tied up with a builder, then surely, they have already checked the background of the builder. In case of a reputed builder getting a home loan becomes easy if availed through that reputed builders. Consequently, this also further assures you that you have made the right investment with a trusted builder.

Needless to say, Praneeth Group is one the most trusted construction companies, by choosing Praneeth Group, you would be able to fulfill your desire to buy your dream home but with ease by applying for a home loan.

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