About Home Loan:
A loan, when managed well, is the biggest realiser of our dreams. And when it comes to a life goal as significant as buying a home, a home loan is a tool that benefits countless people.
To make your home loan journey a smooth sail, in this article we will help you to know eligibility criteria, rates of interest, process, necessary documents, EMI comparison and transfer for lowest rates.
Building your own home is special. We as the online loans provider help you lay the foundation for your dream home. We have designed to offer you convenience and make the experience of your dream home a pleasant one.
In the Long run, buying a house is a wiser option over renting it !It is Money Invested and comes with More Benifits.
Your house is a biggest invesment and it becomes your greatest asset in case of future Loans.
Lack of funds is not the only reason why people take a home loan. This financing facility comes with a number of benefits to lure aspiring homeowners.
The current interest rates on floating rate home loans range between 7.9% to 8.3% per annum depending on your credit score, loan amount and tenure.
Features of Home Loan:
- Lowest Interest Rate
- Service at your door step
- Additional benefit for First time Home Buyer.
- Maximum Home Loan Eligibility
- Maximum Home Loan Eligibility Aged between 21-65 years.
- Minimum 2 years of total work experience with regular source of income.
- Co-applicant minimum age limit is 18 years.
- Tax Benefit
- Build a Credit History
- Easy Repayment And High Repayment Duration.
Documents For Home Loan:
We only need some basic documents to process your Home Loan. Here’s a handy guide to keep in mind
- Documents for Salaried
- 1) Passport Size Photographs each of App and Co applicant.
- 2) Copy of PAN Card and Adhar Card / Valid Passport.
- 3) Proof Of Resident (Lightbill Or GAS Bill Latest / Bank Passbook / Ration Card )
- 4) Last 6 Months salary slips.
- 5) Last 2 years form no 16.
- 6) Bank Statement of last six months.
- 7) Property Documents
- Documents for Business Person
- 1) Passport Size Photographs
- 2) Copy of PAN Card and Adhar Card / Valid Passport
- 3) Proof Of Resident (Lightbill Or GAS Bill Latest / Bank Passbook / Ration Card )
- 4) Registration Certificate of Establishment
- 5) Business Address Proof(Lightbill or Rent Agreement)
- 6) Last 2 years Income Tax Returns with Computation of Income, Balance sheet and Profit& Loss Account along with Annexure (CA certified or Audited) Individual as well as of company.
- 7) Bank statement for last 1 year – All Accounts (CA,CC And OD).
- 8) Existing Loan statement or Sanction letter for all current loans.(if Any).
- 9) Property Documents
- Pradhan Mantri Awas Yojana
- The scheme envisages the vision of housing for all by the year 2022 under Pradhan Mantri Awas Yojana “Credit Linked Subsidy Scheme”
- Under this scheme, interest subsidy on purchase/ construction/ extension/ improvement of house is provided to customers belonging to Economical Weaker Section (EWS)/Lower Income Group (LIG)/Middle Income Group (MIG).