Home Loan : Apply for Home Loan online at best Interest rate

Home Loan

Avail range of Home Loan products from leading financial institution with attractive interest rates, quick processing, transparent charges and easy repayment options. Home loan simply means a sum of money borrowed from a lender to buy a house.

Check eligibility

Bank Name

Loan Offered*

Tenure Range*

Interest Rate*

Processing Fee*

Home Loan Eligibility Criteria

Criteria	Salaried	Self-Employed
Age	21 - 58 years	23 - 65 years
Current work experience	1 years	1 years
Total work experience	2 years	3 years
Minimum Net Income	Rs.15,000-25,000 (monthly)	-
Minimum Profit After Tax	-	Rs.1-2 lakh (annual)
Cibil Score	750+	750+

Apart from above criteria applicants current obligations, credit score and few other checks would be evaluated to determine the eligibility.

Documents Required for Home Loan

Documents	Salaried	Self Employed
Identity Proof	Aadhar Card / Passport / Driving License / Voters ID / PAN Card (any one)
Residence Proof: Owned Address proof submitted should match with the one you entered in the application.	Passport / Driving license Latest electricity bill copy (not more than 3 months old)
Residence Proof: Rental	Registered rent agreement along with latest electricity bill copy
Property Documents	Chain of Property agreement, OC copy & Society registration certificate, Copy of Approved Plan, Share certificate copy
Proof of Income	Latest 6 months’ salary slips, Last 2 Years' Form 16, Latest 6 Months' Bank Statement. (Where salary is credited)	Latest 1 Year's Bank Statement. (Where income is credited), Last 2 Years' Income Tax (IT) Return (Audited), Last 3 Years' CA certified computation of income, P&L and Balance sheet in ITR
Proof of Business	-	Proof of Continuity of Business, Education qualification certificate and proof of business existence
Other Documents	Repayment Track Record for existing loans for last 12 months
Photographs	2 Passport size photographs

*Above is the checklist of documents required by the Loan lenders

Benefits of Home Loans

Our associations with the finest and most trusted financial institutions in the country ensure that you gain access to the lowest interest rates always.

Approval Time

It usually takes up to just 2 – 3 weeks to get your home loan approved, that is after you have submitted all the required documents.

Payback Period

It differs from one lender to another. In most cases, it is 20 years.

Interest Rates

You could be charged fixed or floating rate of interest, depending on your preference or the service offered by the lender.

Tax Benefits

A host of tax benefits are available under many sections for availing and repaying home loans.

Things to keep in mind while applying Home Loan:

A home loan is a big decision of your life which will impact your future cash flows. So you need to work on few factors to ensure the decision is wiser:

See your job/income stability in last 2-3 years. If there is a steady income flow, then you will be confident enough to repay your EMI else you should wait till you reach that situation.
Make sure that you compare all options available from different financial institutions before you take your call.
Check your credit history through CIBIL, cause bank will access that. Even you haven't avail any loan, access your CIBIL report ensure your credit history is clean. If it’s not there will be higher probability of rejection from bank or charging of higher interest rates.
Your CIBIL credit rating score is important, so do ensure that you do not default on any payments.
A high CIBIL credit score can help you get approvals quickly for your home loan. A low rating will send you down the path of quick rejection.

Don't borrow higher amount. If you can enhance your down-payment you pay less in total interest costs over the life of the loan with lower monthly payments.

Tips to Choose Home Loan

Compare Multiple Lender

Choose your lender with care. Get best interest rates & avoid unnecessary hassle by choosing reputable Lender.

Check Processing Fees & Hidden Cost

Financial institutions charge nominal fees to process each application. Always pay attention to all fees charged to ensure that no hidden charges are levied.

Know Your Interest Rate

As you look for a low interest rate, make sure you weigh the pros and cons of each option to make the right choice.

Read Fine Print

Go though the entire offer document, Read all the terms and conditions carefully and make an informed decision.

Check Your EMI Amount

Limit what you Borrow. Make sure your monthly installment payment is affordable and does not disturb your routine Budget.

Watch Your Credit Score

You might end up paying more interest with Low credit score (less than 750). A good score helps you grab the best personal loan deal.