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Home Loan Interview Questions & Answers

Below we have listed all the Home Loan Interview Questions and answers. Feel free to comment on any Home Loan Interview Questions or answer by the comment feature available on the page.

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Home Loan Interview Questions & Answers

Home Loan is offered to individuals who wish to purchase or construct a house. The property is mortgaged to the lender as a security till the repayment of the loan. The bank or financial institution will hold the title or deed to the property till the loan has been paid back with the interest due for it. Home loan eligibility is determined by various factors such as income, employment status, tenure and so on. Home Loan is a sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms.

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I am looking to buy a plot but not start construction for now. Will a land loan be a good idea?
0.2 Rating
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Are fixed rates for home loans fixed for the entire tenure?
0.3 Rating
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Can you please explain what a top up loan it is and will it be helpful for me?
0.3 Rating
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I have a plot and want to construct a shop but the local Municipal Corporation is not passing any maps due to some reason. Can I get a loan?
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I am planning to stand guarantor for my nephew’s home loan but i find some clauses really one sided and unfair. Can i bargain with the bank?
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What are the major factors I must read in home loans terms and conditions so that I am aware of what I am signing?
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While opting for a home loan, should I just choose the one offering me the lowest rate of interest? Is it a good way to choose the right home loan?
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What is the validity period of a pre approved home loan?
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If I take up a home loan today and my property price escalates over the next 3-4 years, will it help me get a higher loan as possible top up loan?
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I need to opt for a home loan but I am confused between which interest rate to choose. Should I go in for a fixed or floating interest rate?
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Once I have closed my home loan, how do I check if my CIBIl score has been updated?
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I am planning to opt for a home loan but I am slightly short on the down payment money. Can I opt to pay down payment in installments in any way?
0.3 Rating
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I have a HDFC housing loan. HDFC provides the option of reducing the rate of interest(ROI) by paying a certain conversion fees. But is anybody knowing or having prior experience that for how much duration the reduced ROI remains.

It should not happen that I pay the conversion fees and get reduced ROI, but immediately after 2 or 3 months HDFC again increases the ROI?
0.3 Rating
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How can I enhance my home loan eligibility as my current eligibility is not sufficient for my loan?
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Why is it a disadvantage to go for a home loan after 50?
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If the home loan is rejected due to any reason, is the processing fee refunded?
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For a home loan transfer do I first take NOC from existing bank or first apply for the loan with the new bank?
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Do joint home loan applicants get a lower interest rate compared to individual applicants?
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How do banks value an under construction property for home loan approval? How can they fix a price when the home is still under construction?
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Do top up loans come with any tax deductions?
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Latest 20 Questions
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