Vijay Raundal, Managing Director of Teerth Realties, shares practical insights on what every homebuyer should know before taking a property loan. As homeownership continues to be a major milestone for Indian families, understanding the financial implications of a home loan has become more important than ever.

This detailed guidance highlights the importance of evaluating financial capacity before committing to a loan. Buyers are advised not to base decisions solely on loan eligibility but to ensure that EMIs remain within a comfortable range, ideally not exceeding 35–40 percent of monthly income. The discussion also emphasizes planning for additional costs such as stamp duty, registration, maintenance, and interior expenses, which significantly impact overall affordability.

The Vijay Raundal news insights further explain how lenders assess loan eligibility based on income, job stability, financial obligations, and credit score. Maintaining a credit score of 750 or above is considered beneficial, as it improves loan approval chances and can help secure better interest rates. Buyers are also encouraged to compare loan offers from multiple lenders, as even small differences in interest rates can lead to significant changes in total repayment over time.

Another key aspect covered is the choice between fixed and floating interest rates, along with selecting the right loan tenure. While longer tenures reduce monthly EMIs, they increase the total interest paid, making it essential to strike a balance. Additionally, understanding prepayment options can help borrowers reduce their loan burden faster.

The insights also stress the importance of legal verification of property documents, proper planning for down payments, awareness of tax benefits, and preparation for additional charges such as processing fees and documentation costs. Building an emergency financial buffer is equally important to manage unforeseen situations during the loan tenure.

Overall, this Vijay Raundal news perspective presents a clear, practical, and responsible approach to home loan planning, helping buyers make informed decisions and manage long-term financial commitments effectively.