Home Loan

8.15% ^*

Rate of Interest

About Home Loan

A well-managed loan can turn our dreams into reality. When it comes to a significant life goal like buying a home, a home loan becomes an invaluable tool that has benefited countless individuals.

In this article, we aim to provide you with a smooth journey through the process of obtaining a home loan. We will cover eligibility criteria, interest rates, the application process, required documents, EMI comparison, and even the option of transferring your loan to avail of the lowest rates.

Building your own home is a special endeavor, and as an online loans provider, we are here to assist you in laying the foundation for your dream home. Our goal is to provide you with convenience and ensure that the experience of owning your dream home is a pleasant one.

In the long run, buying a house is a wise decision compared to renting. It is an investment that brings numerous benefits. Your house not only provides you with a place to live but also becomes your most valuable asset, which can be utilized for future loans if needed.

While the lack of funds is one reason why people opt for a home loan, this financing facility offers several other enticing benefits for aspiring homeowners.

Currently, the interest rates on floating rate home loans range between 7.9% to 8.3% per annum, depending on factors such as your credit score, loan amount, and tenure.

Features of Home Loan:

Competitive Interest Rates
Convenient Doorstep Service
Exclusive Benefits for First-Time Home Buyers
High Home Loan Eligibility
Home Loan Eligibility for Individuals Aged between 21-65 years
Minimum 2 years of steady work experience with regular income
Co-applicant minimum age requirement of 18 years
Tax Benefits
Opportunity to Build a Credit History
Flexible Repayment Options with Extended Repayment Duration.

Documents For Home Loan:

Simplify Your Home Loan Application: Here's a Convenient Guide with the Basic Documents Required for Processing.

For Salaried Individuals:

Passport Size Photographs of Applicant and Co-applicant
Copy of PAN Card and Aadhar Card / Valid Passport
Proof of Residence (Latest Light bill or GAS Bill / Bank Passbook / Ration Card)
Last 6 Months' Salary Slips
Last 2 Years' Form 16
Bank Statements for the Last Six Months
Property Documents

For Business Persons:

Passport Size Photographs
Copy of PAN Card and Aadhar Card / Valid Passport
Proof of Residence (Latest Light bill or GAS Bill / Bank Passbook / Ration Card)
Registration Certificate of Establishment
Business Address Proof (Light bill or Rent Agreement)
Last 2 Years Income Tax Returns with Computation of Income, Balance Sheet, and Profit & Loss Account (CA certified or Audited) for both individuals and the company
Bank Statements for the Last 1 Year – All Accounts (CA, CC, and OD)
Existing Loan Statement or Sanction Letter for All Current Loans (if any)
Property Documents

Pradhan Mantri Awas Yojana:

The scheme aims to provide housing for all by 2022 under Pradhan Mantri Awas Yojana "Credit Linked Subsidy Scheme."
It offers interest subsidy on the purchase, construction, extension, or improvement of houses for customers falling under the Economically Weaker Section (EWS), Lower Income Group (LIG), and Middle Income Group (MIG) categories.