Home Loan

 A Home Loan is a secured loan provided by banks or financial institutions to help individuals purchase, construct, or renovate residential property. It enables you to own your dream home with easy monthly installments and attractive interest rates.

Features & Benefits

High Loan Amount:-

Avail financing of up to 75% to 90% of the property's value, depending on your profile and lender's policy.

Affordable Interest Rates:-

Competitive and floating/fixed interest rate options for easy repayment.

Flexible Repayment Tenure:-

Tenure of up to 30 years, helping to keep EMIs low and manageable.

Tax Benefits:-

Claim deductions on both principal (u/s 80C) and interest (u/s 24b) under the Income Tax Act.

Balance Transfer Facility:-

Transfer your existing home loan to another lender at lower interest rates and save on EMIs.

Top-Up Loan Option:-

Avail additional funds on your existing loan for personal or home-related expenses.

Prepayment Option:-

Option to repay the loan before tenure without heavy penalties (as per lender’s policy).

Eligibility Criteria

Age:

21 to 65 years (at loan maturity)

Employment Type:

Self-Employed: Business owners, professionals (doctors, CAs, architects, etc.)

Salaried: Individuals working with government, private, or public sector organizations

Income:

Stable monthly or annual income to ensure loan repayment capacity.

Credit Score:

A good credit score (preferably 650 and above) improves approval chances and terms.

Co-Applicant Option:

Co-borrowing allowed with spouse or family member to increase eligibility.

Documents Required

For Salaried Individuals:

Identity Proof: Aadhaar / PAN / Passport / Voter ID

Address Proof: Aadhaar / Passport / Utility bills

Latest 3–6 months’ salary slips

Form 16 or last 2 years’ Income Tax Returns

Bank account statements (last 6 months)

Property-related documents (Agreement to Sell, Title deed, etc.)

Passport-sized photographs

For Self-Employed Individuals:

ID & Address Proof: Aadhaar / PAN / Passport

Business Proof: Registration Certificate, GST certificate

Last 2–3 years’ ITR with computation

Profit & Loss statement and Balance Sheet (CA-certified)

Bank account statements (business and personal – 6–12 months)

Property documents

Photographs