How to Get the Best Loan Deals | Loan In Touch

Buying a home – a dream that most Indians share. A dream that holds a lot of emotional value. A dream for which we are even ready to take upon loans on ourselves! Thinking about getting a home loan in India? It’s not as simple as it looks. In this episode of The Founder’s Dream Hindi Business Podcast, Abhishek Vyas chats with Sumeet Pareek, founder of Loan In Touch. His startup helps make the loan process smoother by acting as a bridge between banks and customers.

Who is Sumeet Pareek?

Before you read this blog or watch our hindi podcast video, a question might have raised in your mind – who is Sumeet Pareek and why should you take advice on important topics like home loans and CIBIL score? Here’s a little something that will help build his credibility: Sumeet is the founder of loan in touch. What does it do? Literally solve your loan worries in under 72 hours. Yes, that’s really their promise. Documenting sorting, loan approval and crediting in back account – asap! His whole career revolves around making your loan process easier – and so, this video or blog is coming from the best person. 

What Does Your CIBIL Score Really Mean?

You can’t take a loan without a CIBIL score. And most of us are left wondering what it even means. Most people also think CIBIL is a government body, but it’s actually a private credit information company. Sumeet shares how your CIBIL score shows your financial behaviour – from how you pay credit card bills to your existing EMIs. It tells banks if you’re a safe bet for a loan. So, did you finally understand what CIBIL means?

How Do Banks Decide Who Gets a Loan?

Banks look at more than just your salary. They check your income, spending habits, current loans, and repayment history. Sumeet suggests keeping your EMIs under 50% of your income to improve approval chances and get better interest rates.Interest rates aren’t the only cost in a home loan. Sumeet talks about hidden charges like MOD charges, resale property risks, and what he calls the “beggar tax.” Knowing these extra costs helps you plan your budget and avoid financial shocks later.

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How RBI Repo Rates Affect Your Loan EMI

Repo rates set by the RBI decide how much interest you’ll pay on your loan. If rates go up, your EMI increases too. Sumeet explains why understanding repo rates is important before you finalise your loan deal. Sounds too technical? Watch the full podcast above and listen to Sumeet explain it in the easiest way possible. 

Common Home Loan Mistakes to Avoid

One mistake many make is letting parents co-sign loans without knowing the risks. Another is taking loans without checking their CIBIL report. Sumeet stresses that planning ahead can save you from big financial troubles later. Share this with friends and family planning on buying a home and taking over a home loan. They will thank you later! 

Conclusion

What’s the end game? Sumeet Pareek’s insights in this episode of The Founder’s Dream Podcast highlight how important it is to understand your CIBIL score, hidden charges, and EMI planning. If you’re planning to take a home loan soon, these tips will help you make smarter decisions. Still confused about home loans and CIBIL score? Our hindi podcast video with Sumeet and his company Loan in Touch  is just what you need to clarify any further questions.