Whether you have been living in Kerala all your life or are just planning to move there, you would know that it is one of the most beautiful states in India. It is also not as polluted as the metro cities like Delhi and Mumbai, giving residents a literal breath of fresh air. Knowing how to get an instant home loan in this state can improve your life considerably.
Why Should I Live in Kerala?
Apart from natural beauty, Kerala ranks the highest in India when it comes to literacy , as well as boasting much better safety when it comes to women. Additionally, it is a coastal city, so the weather is pleasant all year round unlike landlocked cities like Delhi where the weather can get extremely hot in the summers and extremely cold in the winters. Kerala is a hub of culture too, so there will never be a lack of new things to see and do.
Additional Read: Buying a House? Make Sure to Follow this Home Buying Guide!
Tips for Getting an Instant Housing Loan
If you want to successfully get a housing loan in Kerala in the shortest time possible, here is what you need to do:
1. Know The Kind of House You Want
Do you prefer a good view of the natural landscape over everything else? Or do you prefer to be close to your place of work? Either way, you should decide on the type and size of your house based on what your priorities are.
If you are a single person or part of a nuclear family, you should likely go for a small house near your place of work. In a family of more than 5 or 6 people, however, it may be difficult to prioritise proximity to the offices of all earning members, so priority can be given to a gated villa in the lap of nature.
2. Get Your Documents Together
The documents you need to apply for a home loan in any other state apply in Kerala as well. These include:
- ID proof, such as Aadhar card or PAN card
- Proof of income
- Income Tax Returns for the previous 2 years
- Deed of sale of the property
- Proof of residence, such as electricity bill or ration card
Additional Read: What are the Documents Required To Apply for Home Loan?
3. Know Where You Want to Live
Knowing a few localities where you would want your house to be can save you a lot of time when house-hunting. Some of the best places to live in Kerala include:
Additionally, find out about the ease of travel in your chosen locality. For example, if you choose to live in Kochi, then know the route of Kochi Metro, as this is one of the most advanced metro rail systems in India and would be your best bet for travel around the state.
If you have all this information at the ready, you stand a good chance of getting a housing finance loan instantly from Tata Capital home loans. We offer flexible repayment and wide home loan eligibility criteria with home loan interest rates starting at just 9.25%. Apply now!