Make your dream Home a Reality
Build your home with less paperwork, lowest interest rates and easy process.
Overview
- Minimal Documentation
- Attractive Intrest Rates
- Tenure Upto 30 Years
Features and Benefits of Home Loan
Many institutions offer you the best home loan rates at the most competitive rates and affordable EMIs.
- Home Construction Loan: If you have a piece of land and you wish to build your dream house on it and you are short of money or have less money, then with the help of home loan, you can opt for a home loan over a long period at an easy and low interest rate and fulfill your dream of building a big house.
- Home Extension Loan: If you already have a house and you are thinking of adding another building to it, then this loan can be very useful for you.
- Home Improvement Loan: If you already have a house and you want to expand it or repair it or make some improvements in it, then this loan can prove to be very helpful for you.
- NRI Home Loan: If you are a patriotic, non-resident Indian and want to own a residential property in India, then NRI home loan is the perfect option for you. However, the application formalities may be slightly different.
Home Loan Eligibility
The basic home loan eligibility criteria are as follows:
- Age :
(1) You must be above 21 years of age at the time of the commencing of your loan, and up to 65 years or less at loan maturity.
(2) Salaried Person – 21 years to 58 years.
(3) Self-Employed Person – 25 years to 65 years. - Income:
(1) Salaried Person – Minimum Rs. 15,000 per month
(2) Self-Employed Person – Minimum Rs. 2,00,000 per year - Employment:
(1) Salaried Person : Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company
(2) Self-Employed Person : Minimum 3 years of Experience in the current field - Credit Score:
A credit score of 700 is considered a good score for approval.
Documents for Home Loan
Income Proof
- Salaried Individuals :
(1) Form 16
(2) Employee Identity Card
(3) 3 Months Salary Slip
(4) 6 Month Bank Account Statement Self-Employed Individuals :
(1) PAN card
(2) Business Proof
(3) Financial Statement Audited by CA
(4) Profit & Loss Account Statement
(5) Balance Sheet
(6) 6 Months Bank Account Statement.
(7) Professional Practice License for Doctors, Consultants, etc
(8) Registration Certificate of Establishment for Shops, Factories, and Other Establishments
(9) Business Address Proof