Submit Enquiry for Home Loan
Introduction
A home loan is a secured loan to purchase a property by offering it as collateral. Home loans provide high-value funding at economical interest rates and for long tenors. They are repaid through EMIs. After repayment, the property’s title is transferred back to the borrower.
Eligibility Criteria
| Age | 18 – 70 years |
| Income | Rs. 25,000 |
| Credit Score | Above 700 |
| Employment Status | Salaried or Non-Salaried |
| Work Experience | 2 Years |
| Loan Amount | Decided by the lender |
| Residence Type | Permanent resident or Non-resident Indian (NRI) |
| LTV Ratio | Up to 90% |
| Property Type | Completed /Under Construction Project, Land/Plot, build on own Land, Buy Land and Build Home |
Document Required
- Aadhar Card, Pan Card, Voter ID, Passport, and Driving License are all acceptable forms of identification.
- A driving license, Voter ID, Electricity bill, Credit Card/bank statement, and Rent agreement are all acceptable forms of proof of address.
- Bank statements from the previous six months, pay slips from the previous six months, and the most recent two-year ITR.
- Documents of property: All past chain agreements, society letters, property tax bills
Interest Rates
| Loan Slab | Interest Rates (% p.a.) |
|
For Women* (Upto 30 Lakh)
|
7.65% to 8.15% |
| For Others* (Upto 30 Lakh) | 7.70% to 8.20 % |
| For Women* (30.01 Lakhs to 75 Lakhs) | 7.90% to 8.40% |
| For Others* (30.01 Lakhs to 75 Lakhs) | 7.95% to 8.45% |
| For Women* (75.01 Lakhs & Above) | 8.00% to 8.50% |
| For Others* (75.01 Lakhs & Above) | 8.05% to 8.55% |