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Things to Remember before Taking Housing Loan | TV5 News | EP 76

While taking a housing loan you need to look into the tenure, if you take a long tenure you need to pay high interest so before taking the loan first go through the duration. At the same time look at the interest rate because the interest rate starts from 8% and can reach up to 13 to 14%. So, ensure and select the bank which gives low-interest rate CIBIL score goes from 300 to 900 the bank will check the CIBIL score. Before providing the loan most of the bank gives the loan if you have above 750 CIBIL scores. Ideally, the loan will be given 4 to 5 times of your salary or 80% of the property value is 60 lakhs the bank will provide you 40 lakhs.

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