businesstoday.in-Real estate: Home loans are the top choice for buyers to purchase apartment, report finds
Home loan: Acquiring a home is often seen as the ultimate achievement of most Indians, signifying financial stability and security earned through diligent saving and hard work. The process of purchasing a home can be both exhilarating and overwhelming. The initial and crucial step in buying a home is determining your budget and how much you can afford. Very few individuals can buy a home outright with cash, which is why most prospective homeowners turn to securing a loan.
A study conducted by Knight Frank, titled "Banking on Bricks," surveyed 1,629 urban homebuyers in India and found that 79% of respondents preferred utilizing home loans to finance their purchase. The report highlighted that customers expect banks and financial institutions to offer competitive interest rates, flexible loan terms, and quick approval processes to facilitate their home-buying journey.
