Overview
Buying a Home is a very special occasion and we help you in availing the best home loan available in market through our expertise, quality of service and in-depth domain knowledge. We understand how significant this step is for you and have lined up a host of home financing options just to make this big step simpler for you. It is important to choose a good housing finance company which can handhold the customer right through his home buying process. Since a home loan is a long term commitment of 15-20 years, several factors like expertise, quality of service, in-depth domain knowledge and safe retrieval of the title deed are critical. A new home brings with it new hopes, joys and emotions. Our services are customized to provide you solutions for your unique concern.
Features & Our Assistance
• Guidance and counseling throughout the process • Enjoy higher loan amount against your income • Repayment tenure from 3 years to 30 years* • Attractive interest rates. Our associations with leading Banks and NBFC’s helps you in availing best Home Loan product available in market at lowest interest rates. • Lowest processing fees • No hidden charges • No Post loan hassles • Simplified documentation • Door step services
Eligibility & Documents Required
Eligibility Criteria
Your eligibility depends upon your repayment capacity as determined by Financial Institution. Factors like your income, age, qualifications, number of dependants, spouse’s/Co-applicant income, assets, liabilities, savings history, stability, property value and continuity of occupation are considered while computing your eligibility.
Documents required
1) Salaried
Duly filled application Identity proof: (Pan Card / Aadhaar Card ) Passport size Photographs of all applicants Address Proof Latest form 16(last year) and last 3 months salary slips Last 6 months bank statement of salary account Existing Loans Sanction letter/repayment track if any Processing fee cheque
2) Sole Proprietorship / Partnership / Pvt Ltd Company
Duly filled application Identity proof : (Pan Card / Passport / Ration card / Voter Id Card ) Passport size photographs of all applicants Business Proof Latest Address Proof /Business Proof Last 2 years income tax return of firm / Company Last 12 months bank statement of main operating account of the firm Audited financials Certified copies of MOA /AOA / Partnership deed as applicable Professional qualification certificate , if applicable Existing loans sanction letters/Repayment track record , if any Copy of property papers Processing fee cheque
Frequently Asked Questions: FAQ
1) Who can avail a Home Loan?
Individuals Salaried Individuals: Any individual who is in permanent service in any government undertaking or any reputed private sector Company in India. We also offer loans to salaried Non Resident Indians (NRIs) working with reputed companies in select countries. Professionals: Professionals i.e. allopathic doctors, architects, chartered accountants, cost accountants, practicing company secretary, management consultants and lawyers. Self Employed: Individuals like traders, distributors, manufacturers, service providers etc. Non-Individual Entities Proprietorship Firms, Partnership Firms, Private Limited Companies, Public Limited companies.
2) What is the maximum amount I can borrow?
You can borrow up to 80% of the cost of the property in case of Home Loans subject to your income eligibility.
3) How will my loan eligibility be determined?
Your repayment capacity as determined by the Bank will help decide how much you can borrow. Repayment capacity takes into consideration factors such as income, age, qualifications, number of dependants, spouse's income, assets, liabilities, savings history and stability and continuity of occupation.
4) In how many years can I repay the loan amount?
You can get Home Loan for maximum 30 yrs. The term for the loan will be restricted to the retirement age or 60 yrs at loan maturity for salaried customers and 65 years for self employed customers.
5) When will the loan be disbursed?
You can take the disbursement after technical and legal appraisals of the property have been done, and you have utilized your own contribution amount towards the property. 'Own contribution' is the difference between the cost of the property and the loan amount.
6) Can I make part pre-payment?
Yes you can make part pre-payments and generally there are no charges for floating rate loans. For fixed rate loans it may vary as per bank norms. Usually banks provide facility of par prepayment up to a maximum of 25% of the balance outstanding against your loan amount at the time of request. All part prepayments made 12 months prior to the foreclosure of the loan will be charged at the applicable foreclosure rate at the time of foreclosure.