Tips to get loan for Kumbanom plot purchase

Buying Plots in Kumbakonam without the help of real estate agents is a taxing affair. You may have to spend several hours in research and survey works during the process of Land in Kumbakonam. It is worth noting that the city of Kumbakonam will become metropolitan city within few hours.

The government is taking initiatives to modernize the city with metro railways, luxurious bus terminus, and shopping malls. The prices of DTCP plots in Thirubhuvanam, Kandikai and Annalgaraharam has increased multifold in the recent years. M/s Sujatha Developers which is creating positive impact in the world of real estate business is promoting DTCP approved plots in fastest growing residential locations.
The value of land at Thirubhuvanam, Kandikai and Annalgraharam is most certainly going to rise in the course of time. So, you must devise plans to get land or home loans from leading banks. Mentioned below are some of the tips that can help you buy a plot in Kumbakonam.

  • Credit score and CRISIL ratings.
    Getting home or land loan is easier when the credit score is good. The banks will scrutinizing the land documents, construction plans and legal papers before sanctioning the loans.
  • Maintain best debt and income ratio-
    When your monthly expenditure is lower than the actual income, you can enjoy best debt and income ratio. You must reduce your monthly expenditure to increase your credit score.