The importance of going direct with your home loan application

Home loans are a reliable way of fulfilling your dream of owning a house. For years people have been taking loans from banks and financial institutions. But the process of getting a loan takes some time.

For many of us it is a dream to provide our family with their own home and to make this dream of home ownership a reality, you can approach housing finance institutions directly, without taking the help of loan agents.

Here are five reasons why you should approach a housing finance company on your own:

1. No extra cost

An agent may help you but they are going to charge you money. They are not doing charity. Why add to your costs when you are already saving every rupee to make your dream house a reality?

2. Confidentiality

Home loan documents have a lot of your personal information. If you go with an agent, he will have access to this information. There is no need to risk that. Go straight to your nearest Grihum Housing Finance branch instead. Your records, privacy and dignity will be respected.

3. Self-learning

When you deal directly with the housing finance institution, you are in charge of your application. You learn the details of the loan process and can excel at doing it yourself. But relying on an agent will put them in control and they might take advantage of that situation.

4. Simple process

When there are only the customer and the lender involved in the deal, everything becomes simpler, including the important steps of loan application and approval. Your loan might even get approved quicker, as direct lenders have the ability to speed up applications and streamline the process for you.

5. Personalised service and long-term relationship

Direct communication between lender and borrower creates a bond between the two sides. It can lead to more personalised service and a long-term association. This relationship will make a big difference should you need funds again, maybe to extend or renovate your home.

One of the most exciting moments in a cricket match occurs when a fielder hits the stumps with his throw for a run-out. It’s called a direct hit. By avoiding third parties in your loan process, you can score your own direct hit.