Get Lowest Offer on Home Loan – Starting 10 % – Apply Now

• A wide range of housing loan products such as home extension loan, Loan Cover Term Assurance Plans, Home Improvement Loan, and many more.
• The customer can get a maximum loan of up to 10 crores.
• Maximum tenure up to 20 years.
• Get a home loan either individually or with any co-signer such as a spouse or other family members.
• The rate of interest revises every three months so that a person can get an adjustable rate on home loans.
• With Home Loan Balance Transfer, one can shift his loan amount to another bank to lower the burden of interest rates anytime during the loan tenure.
• The maximum loan amount available is 80% of the cost of the property.

• A borrower ought to submit an application form.
• Afterwards, the Bank will do the Field Investigation in terms of the property value.
• After that, the bank will check the credit Record If it’s good or bad.
• If the credit score is good then Legal, Financial and Technical Valuation is done.
• After that property documents are registered.
• After that agreements are signed and the loan is finally disbursed.

*The whole process seems complex, but we will make it simple for you.

Understand your loan eligibility:

   All Home finance companies refer to their own EMI table when calculating the EMI payments. This table lists the monthly EMIs per lakh, for different tenures and rate of interests.

Following are other factors helping in the evaluation of home loan eligibility:

• Nature of Job of Individual
• Location of the Property
• Personal Details of the individual

Common Documents Required For Home Loan

• Valid address proof: Voter Card, Ration Card, Aadhaar Card, Driving License and so on.

• Age proof: Voter Card, Ration Card, Aadhaar Card, Driving License and so on.

• Last six months Bank account statement

• Income proof and passport size photograph of the applicant and co-applicant

For Salaried customers:

• Employment certificate from the employer

• Form 16

• Copies of payslip for last few months and TDS certificate

For Self-employed:

• If it is a partnership firm then copy of partnership deed or copy of the memorandum of association, and articles of association if it is a company.

• Copy of audited financial statement for last two years

• Income tax assessment order

• Profit and loss details for last few years

A customer must understand and agree with each of the clauses in the documents before agreeing to sign the loan deal.  Before signing the Home Loan documents, recheck all terms and conditions.