Unlock the Door of Your Dream Home….EMIs start from Rs 823/Lakh.
Use of Home Loan
Home loans are one of the most preferred financial tools provided by Banks/NBFCs to Individuals for buying residential property or plot.
Home Loan Eligibility
Home loan can be availed by Resident Indian, Non-Resident Indian (NRI), Person of Indian Origin (PIO). Both the salaried and self employed individuals aged between 18 years to 70 years can apply for Home Loan having Net Annual Income of at least Rs5.00 lakhs to Rs7.00 lakhs. A CIBIL Score of 750 and above helps to get the best deal in Home Loan.
Home Loan for Salaried Segment
Salaried people aged between 18 years to 70 years can avail Home Loan. Documents required for Home Loan are Proof of Identity (Valid Passport, Voter’s ID Card, PAN Card, Valid Driving License etc), Proof of Address (Valid Passport, Aadhaar Card, Valid Bank Statement, Utility Bills etc), and Proof of Income (Salary Account Bank Statement, last 3 months pay slips, Copy of Form-16, Last 2 years ITR etc.). A CIBIL Score of 750 and above helps to get the best deal in Home Loan.
Home Loan for Self Employed Segment
Self Employed individuals aged between 18 years to 70 years can avail Home Loan. Documents required for Home Loan are Proof of Identity (Valid Passport, Voter’s ID Card, PAN Card, Valid Driving License etc), Proof of Address (Valid Passport, Aadhaar Card, Valid Bank Statement, Utility Bills etc), and Proof of Income (Certificate of Qualification for Professionals, Business Details, Personal Bank Statement, Audited Financial Statements of last 2 years etc.). A CIBIL Score of 750 and above helps to get the best deal in Home Loan.
Home Loan for NRI / PIO
NRI / PIO individuals can also avail Home Loan. Documents required for Home Loan are Proof of Identity (Valid Passport, Valid PIO Card, VISA copy etc), Proof of Address (Valid NRE/NRO Bank Statement, Utility Bills etc), and Proof of Income (Valid Work Permit, Bank Statements, Salary Certificate, Salary Slips etc.).
Property Papers Requirement
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Agreement of Sale (anyone)
- Registered Agreement of Sale
- Stamped Agreement of Sale
- Allotment Letter
- Occupancy Certificate in case the property is a ready-to-move-in property.
- Copy (blueprint) of the Approved Plan and Registered Development agreement of the builder.
- Conveyance Deed in case of a new property.
- Bank account statements indicating all payments made to the seller or builder.
Type of Home Loan
A. New Home Loans
New Home Loans are offered to eligible customers for buying new residential property under construction or ready for sale.
B. Home Loan Top Up
Top Up facility is available to get an additional loan amount over the existing Home Loan. Top Up can be taken at least after 1 year of taking the home loan if the EMI payments are regular. The loan amount, interest rate and tenure will set by the lender Bank / NBFC.
C. Home Loan Balance Transfer
Balance Transfer facility gives the customer the benefit of transferring the existing home loan to a different lender Bank/NBFC. Balance Transfer is being done to get better interest rate, flexible tenure and top up.
D. Plot Loans
Customers, who are looking to purchase a piece of land / plot to construct a house.
Give You the Best Solution
Understanding the Proposition
360 Degree Opportunity Analysis
Liaisoning with the Best FIs
Fair Valuation of your Property
Fastest Sanction & Disbursement
Post Disbursal Services
Have Any Questions In Minds !
Factors Influencing Home Loan Eligibility
Eligibility of Home Loan Sanction and Amount majorly depends on factors like customer’s age, annual income, occupational stability, resident type, number of co-applicants, credit score, ongoing loans if any, etc.
Who can be Co-Applicant ?
Co-Applicant can be the immediate family member such as spouse, parents, and major children. Also, it is mandatory that all Co-Owners of the property have to be Co-Applicant in the Loan. However, Co-Applicants need not to be Co-Owner.
What is Pre-EMI ?
Pre-EMI is the interest paid until the entire loan amount is disbursed, after which, regular EMI will start.
100% Home Loan Financing
Banks / NBFCs will cover up to 90% of the property value as Home Loan.
Tax Benefit on Home Loan
Under Section 80C of the IT Act, one can avail deductions up to Rs.1.50 lakh on the principal amount repaid annually. Under Section 24 of the IT Act, taxpayers are also eligible for benefits up to Rs.2 lakh on the interest repaid against a home loan annually.