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.
|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)|
Apart from above criteria applicants current obligations, credit score and few other checks would be evaluated to determine the eligibility.
|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
Our associations with the finest and most trusted financial institutions in the country ensure that you gain access to the lowest interest rates always.
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.
It differs from one lender to another. In most cases, it is 20 years.
You could be charged fixed or floating rate of interest, depending on your preference or the service offered by the lender.
A host of tax benefits are available under many sections for availing and repaying home loans.
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:
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.
Choose your lender with care. Get best interest rates & avoid unnecessary hassle by choosing reputable Lender.
Financial institutions charge nominal fees to process each application. Always pay attention to all fees charged to ensure that no hidden charges are levied.
As you look for a low interest rate, make sure you weigh the pros and cons of each option to make the right choice.
Go though the entire offer document, Read all the terms and conditions carefully and make an informed decision.
Limit what you Borrow. Make sure your monthly installment payment is affordable and does not disturb your routine Budget.
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.