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Home Loan

A home loan is the best way to fulfill your dream of owning a Home. To support your endeavors home loan lenders are coming up with different types of loans:

  1. Basic Home Loan: Is a vanilla loan taken from a bank to purchase your choice of property. Once the loan has been granted, you must be repaying the same in monthly EMIs, for a fixed tenure. If you have an excellent credit record, the lender can give a loan up to 80-90% of the property market price.
  2. Home Construction Loan: is taken when you own a piece of land and would like to build a house on the same. A home construction loan is usually a payment of the loan in installments based on the level of construction. Home construction loan offers you 3 options:
    1. Borrower can pay only the interest on the disbursed amount
    2. The borrower can pay EMI (Principal + Interest) on the disbursed amount
    3. The borrower’s EMI includes repayment on the principal amount + Interest only on the disbursed amount
  3. Home Extension / Improvement loans: In the case where you are owning a home but want to add a room or make a structural change, a home extension loan can fulfill your requirement. A home extension or improvement could easily cost lakhs of rupees. These loans ensure that you can expand or renovate even if you do not have adequate savings.
  4. Home Loan – Balance Transfer: If you have already taken a home loan and repaying it now, you have an option to switch your existing loan to a different lender. Borrowers usually do this to avail a lower interest rate.
  5. Rate of interest: 7.50% onwards


Benefits & Features

  1. Tax Benefits: The foremost benefit of a home loan is the income tax deduction you can claim on the interest and principal repayments. You can claim up to Rs.1.5 lakh on principal repayments u/s 80C, up to Rs.2 lakh on interest repayments u/s 24B, up to Rs.2 lakh on interest repayment in special circumstances u/s 80EE and 80EEA, and up to Rs.1.5 lakh on stamp duty expenses u/s 80C.
  2. Lower interest rate: The home loan interest rate is much lower as compared to any other loan types available. If you come across a cash crunch, you may get a top-up on the existing home loan at a lower interest rate than a personal loan to solve the issue.
  3. Flexible repayment : Tenure: Unlike any other loans, home loans come with longer repayment tenure, as much as 25-30 years. This is owing to the significant loan amount one will have to borrow to purchase a house. Spreading the loan amount and interest applicable over a longer tenure will reduce the monthly EMIs reducing the borrower’s burden.
  4. No Prepayment Penalty: When you take a floating-rate home loan, you can make prepayments towards the loan whenever you have a lump sum at hand without having to pay any prepayment penalty. This will help you close the home loan much before the set loan tenure.
  5. Balance transfer facility: You can transfer the home loan from one lender to another for several reasons, such as the interest rate, service charges, customer service experience, and others.

Available Offers


Bank Name Bank Loan Rates Tenure
Kotak BankKotak Bank6.50%12-36 Months
Aditya Birla Finance Limited6.50%12-36 Months
LIC6.60%12-36 Months
HDFC Bank6.75%12-36 Months
ICICI Bank6.75%12-36 Months
Godrej6.75%12-36 Months
IDFC First Bank6.90%12-36 Months
IDBI Bank6.90%12-36 Months
Tata Capital6.90%12-36 Months
Indiabulls Housing Finance Limited6.95%12-36 Months
L & T Housing finanace7.25%12-36 Months
PNB Housing Finance8.55%12-36 Months
ICICI Home Finance9.25%12-36 Months
Form Application

APPLY FOR

  • 1 Personal Details
  • 2 Address
  • 3 Company Details
  • 4 Financial Information
  • 5 Your Reference

Personal Details


Customer First Name*
Customer Last Name*
Contact*
Profile*
Date Of Birth*
Pan Card No.*
Aadhar Card No.*
Passport No.
Email Id (Personal)*
Email Id (Official)*
Marital Status*
Father First Name*
Father Last Name*
Mother First Name *
Mother Last Name *
No. Of Dependants
Total Work Experience*
Educational Qualification*
Spouse First Name*
Spouse Last Name*
Worked in the Current Office (in Years)?*
Who owns the House?*
Who owns the Office?*
Loan Amount
Income/Month (If Salaried, ITR)
Obligation [Any Existing Loan/Liability]
Age
Loan Tenure(In Months)

Required Documemnts List

Salaried

  • Photo
  • Pancard
  • Adhar Card
  • Current Residence Address proof
  • Employee ID Card
  • Latest 3 months Salary Slip
  • 3 years Form 16 OR 3 years Job continuity proof If less than 3 years in current organisation then ( previous organisatio
  • Bonus / Incentive/ Reimbursement /Other perk than salary - Required documents of proof + Bank statement of reflection
  • Rent Income - Valid Rent Agreement + Ownership Proof + Bank statement of reflection
  • 12 Months Bank statement of Salary reflection ( PDF Only)
  • All ongoing Loan sanction Letter, EMI reflection Bank statement for 12 months , SOA , EMI sheet for ongoing Loan

Self Employed Professional

  • Pancard
  • Adhar Card
  • Current Residence Address proof
  • Office Address and Business Proof -Shop Establishment liecence/ GST certificate/Udyog Aadhar
  • Doctor/CA/ Architect ---Degree Certificate and Qualification certificate ( Mandatory)
  • Latest 3 year ITRS - Saral Page + Computation of Income+ Balance Sheet + P&L Account statement + CA attested ( if audited then all schedule + 3CB ,3CD Form +complete set )
  • Rent Income - Valid Rent Agreement + Ownership Proof + Bank statement of reflection
  • 12 Months Bank statement of Saving and Current Account ( PDF only)

Self Employed Non Professional

  • Pancard
  • Adhar Card
  • Current Residence Address proof
  • Office Address and Business Proof -Shop Establishment liecence/ GST certificate/Udyog Aadhar/ Udyam/Import and Export certificate, if any Govt issued documents on company or firm name
  • If partneship Firm - Pancard, Partnersheep Deed, Retirement deed( If any), Share holding pattern, PAL ( Partnersheep Aut
  • If Company -MOA/AOA, company Pancard,Incorporation certificate, Share holding Pattern with CA attested,Company profile
  • Latest 3 year ITRS - Saral Page + Computation of Income+ Balance Sheet + P&L Account statement + CA attested ( if audite
  • 12 months GSTR Challan filling
  • Rent Income - Valid Rent Agreement + Ownership Proof + Bank statement of reflection
  • 12 Months Bank statement of Saving and Current Account ( PDF only)

Customer Journey