Real estate

A Step-By-Step Guide To Buying A House In Dsr Eden Greens

Everyone dreams about a house of their own. Those who cannot afford to buy a home with their own savings often opt for a home loan. However, purchasing your dream property with a home loan can sometimes be daunting, especially if you are in the dark about the process of applying for a home loan.

In this article, we will guide you through the process of buying a house in a prime property like DSR Eden Greens with a home loan.

Step 1

Determine your budget and arrange a minimum of 20% of the funds needed from your own sources. Lenders generally offer a loan of up to 80% of the property cost.

Step 2

Before applying for a home loan, check your CIBIL score and ensure that it is 750 or more to be eligible for a loan. If it is lower, first take steps to improve your CIBIL score, as a low credit rating can lead to the rejection of your home loan application. To improve your credit rating, ensure that you have cleared up all your pending debt – be it another loan or credit card dues, and built a steady financial and employment history.

Step 3

Before you finalise a property, ascertain your home loan eligibility through pre-approved offers and online calculators. Your loan eligibility depends on various factors such as income, existing debts, repayment capacity, etc. These days, online home loan eligibility calculators and home loan EMI calculators can instantly tell you how much loan you are likely to get, and your resulting EMI amount. After assessing your eligibility and possible EMIs, apply for a home loan from a reputable lender, and submit the necessary documents.

Step 4

On successful submission of documents and processing fee, the lender will evaluate your loan application, repayment capacity and decide on the home loan amount to be sanctioned. On satisfactory evaluation, the lender will issue an offer letter which will have all the loan-related details such as sanctioned loan amount, the applicable rate of interest, loan tenor, repayment terms and other terms and conditions associated with the home loan.

Step 5

On getting home loan approval, you can begin the search for your desired property in Bangalore. One such property to consider is DSR Eden Greens, one of the most well-known real estate projects in Bangalore.

Step 6

Once the property is finalised, sign the sale agreement and pay the token money. At this stage, verify all the property documents and maintain a record of the photocopies to submit them to the bank.

Step 7

Before disbursing the loan, the bank will verify the property by visiting the actual site. At this stage, you will be required to submit original copies of no-objection certificate, title deed and other property documents as required by the bank.

Step 8

Once all the formalities are satisfactorily fulfilled, your loan application will be approved and you will be called by the bank to sign the home loan agreement.

Step 9

Once you receive the home loan amount, you can go ahead and purchase your dream house.


Purchasing a house is one of the most significant financial decisions you can make, and it should be backed by sound financial planning. If you are short of funds, a home loan can be an ideal choice to fund your dream home. But, before you apply for a home loan, you must carefully understand the process of buying a house with a home loan. Apart from following the procedures involved, you must also be aware of subsequent repayment liabilities before applying for a loan.

Before you apply for a home loan, determine your budget and arrange for at least 20% funding from your savings or other sources. Also, ensure you have an excellent CIBIL score to increase your chances of being approved for the loan. Before applying for a loan, you may also check your home loan eligibility with various pre-approved offers. Banks evaluate multiple factors to determine your eligibility for loan approval. On receiving the approval, you can finalise the property and sign the sale agreement. The bank will physically verify the property and once satisfied, will approve your home loan request. On receiving the home loan amount, you can purchase your dream house.

If you are keen on buying a property in Bangalore, check out DSR Eden Greens that offers spacious 2 and 3 BHK apartments designed for ultimate comfort and luxury.

If you have any questions, please ask below!