Have you ever been to a bank for a home loan? Do you know some of the common problems you face in such a situation? Do you know how harrowing an experience it is?

What's more, no sooner have you tackled these irritations than you are faced with the problem of how to negotiate with your lender to get the best home loan deal possible.

If you are already irritated with a barrage of such questions, help is at hand on both the fronts.

Here are some common problems faced by home loan customers along with possible ways to avoid them:

Problem 1: Desired/ promised home loan amount not available.

• Home loan? Keep EMIs low 

Solution: No real solution. All you can do is try and get a written (or even email) acknowledgement from the lender or his representative that the processing fee will be refunded if the loan amount is not as per your application.

Problem 2: Promised interest rate not available.

Solution: Same as above.

Problem 3: Non-refund of processing fee in the event of non-sanction or non-use of the sanction.

Solution: Same as above.

Problem 4: Loan amount getting restricted post sanction due to lower valuation of the property by the bank.

Solution: Try and get the bank to value the property before getting the sanction, even if it means paying a small valuation fee. This is especially important for old resale properties.

Problem 5: Non-availability of chain of title documents and/ or NOCs in the format desired by the bank or problems with any other legal/ title document.

Solution: Give copies of all property papers along with the application form so that any problems can be highlighted quickly.

• Planning to switch home loans? Don't!

Obtain copies/ formats of the NOC issued by the society/ other authority to other home loan borrowers in earlier cases and ensure that the particular format is acceptable to the bank. The society/ other authority is unlikely to change its format for your lender.