Feb 17, 2025Home Ally
What is a Home Loan Sanction Letter and Why is it Important?
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Contents
Frequently Asked Questions
What is included in a housing loan sanction letter?
A housing loan sanction letter includes loan amount, interest rate, EMI details, tenure, validity period, and lender’s terms and conditions.
Why is a home loan sanction letter important?
A home loan sanction letter provides clarity on loan terms, aids in financial planning, allows comparison of lenders, and serves as legal proof of agreement.
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