HOME LOAN

HOME LOAN FORM

What is Home Loan?

For many people it is impossible to pay the total cast of the new house in one go. Here property loan or home loan offers great support for buying your new home.

How to apply for Home Loan?

Apply Online

Fill simple application form

We process

Your application for loan

Rates

We get the best rates for you

Approval

Loan is approved and amount credited

Advantages of Home Loan?

  • Lower interest rates as its secured loan
  • Helpful for all Home related expenses
  • Greater Credit Eligibility

Minimum Requirements for Home Loan?

ANNUAL REVENUE

₹ 50 Lakhs

CREDIT SCORE

TIME IN BUSINESS

2 Years

Documents required for Home Loan?

PAN CARD/PASSPORT

PROCESSING FEE CHEQUE

BANK STATEMENT

CREDIT SCORE

AADHAR CARD/PASSPORT

COPY OF PROPERTY DOCUMENTS

LAST 3 YEARS BALANCE SHEET

LATEST OD/CC SANCTION LETTER

FREQUENTLY ASKED QUESTIONS

  • HL EMI is a defined amount you will pay for repayment of your loan monthly till the loan is completely paid.
  • However, the EMI amounts stays the same, every month the part of interest keeps coming down and principal keeps on increasing, except when interest rate increases.
  • HL tenure in India ranges from 5 years to maximum of 18 years. Longer the tenure, lower the EMI.

The main benefit of paying home loan EMI through ECS is that there is no signature mismatch risk for cheque bounces or any other technical issue. Note a huge cheque bounce fee is also charged by the banks for the technical bounce and therefore, it is advisable to avoid this risk by availing the ECS mode of debit.

The basic method for calculating EMI is applied. It will be more than the loan amount, EMI, minus the loan, the EMI will be reduced. The EMI decreases when the loan period exceeds.

You take a property loan or a home loan to buy a new home. The cost of the house is paid according to the payment plan by the developer lender of the property. In turn, the borrower pays the EMI which spans over the loan period.

  • Your income, savings, debt obligations are considered
  • Cost/value of the property against which you want loan are considered
  • Your track record for other loans, credit cards repayments are considered