It seems the after-effects of demonetisation and GST implementation are seen currently in India. Small and medium-sized businesses are at the receiving end and facing issues with regards to rotation of money, in addition to lack of business. People's spending power has reduced, automobile sales have gone down, while even eCommerce company sales have not increased in recent times. The stock markets have started recovering, but they are still a long way off from where they should be - in terms of the money invested by Indian investors. The gold prices are sky high, and real estate market is down and there is a huge inventory left with many builders. The demand for outright purchase of homes is slowly diminishing and people are playing the waiting game. But, for how long? 

In such a scenario, there are many measures taken to encourage people to buy homes by reducing the interest rate on housing loans in India. The attractive interest rates for home loans as offered by NBFCs and banks is luring many real estate buyers to start buying. But, is it a good time to leverage on the fall in real estate prices and fall in interest rate on home loans?

Best home loan in India | Image Source: Pixabay.com

First, you need to decide in your mind that you are ready to buy a home. Once this decision is made, you will have the challenge of choosing who to take the housing loan from. It is not as easy as putting a Google search query like 'best home loan in India' and selecting a bank or NBFC. You need to consider several parameters like their experience, expertise of their professional team, the loan process duration, ease of approvals, and more. It is therefore advisable to opt for a reliable and known NBFC like JMFL that have been in this home loan business for a long time. With JMFL Home Loans, you can scan through a variety of housing loan options that are customized as per your requirements. Their team of professionals ensure you experience a hassle-free home loan process along with quick disbursement cycle.