Are you fed up living in others houses? Do you wish to build up your home? If your answer is yes, then you can take the help of Home Loans, which are helping individuals to build up their home. The major benefit of a home loan is that it has a tenure period of 15 to 20 years.
Home Loan Interest Rates:
Punjab National Bank | Standard Chartered Bank | Axis Bank |
---|---|---|
10.15% | 10.26% | 10.10% |
Property analysis.
Trouble-free documentation.
Loan from any headquarters for acquisition of home everywhere in India.
Loan sanction prior to property selection.
Stretchy repayment options.
Safe document storage.
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.
Monthly Income(Rs) |
30,000 |
(Assumed) Income available for EMI payments (i.e. 55% of 30,000)(Rs) |
16,500 |
Rate of Interest(%) |
8.00 |
Tenure(yrs) |
20 |
EMI per lakh(Rs) |
836 |
Home Loan Eligibility (Rs) |
1,973,000 |
Following are other factors helping in the evaluation of home loan eligibility:
- Nature of Job of Individual
- Location of the Property
- Personal Details of individual