About Home Loan

To make your home loan journey a smooth sail, in this article we will help you to know eligibility criteria, rates of interest, process, necessary documents, comparison and transfer for lowest rates.

You want a Home of your own OR  you want to make your existing one to new one !!! I have a solution for you i.e Home Loan. It is the best and easy method by which you can buy home under your budget and at lower interest rates. You need to follow few conditions like Age should be 21 years old and having a fixed income with good credit score. The loan will be provided according to your income, age and your assets.

The interest rates depends on some factors like credit score, loan amount, term etc. Interest rate normally ranges in between 7% and 9%. Your can apply loan online or offline. You need few documents to submit which are identity proof, salary slips, address and property details. Then Verification process will start.

Once approved, the funds are will be granted, and you begin repaying according to the agreed-upon terms.

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Types of Home Loan

You can fulfil your dreams with suitable kind of help you need.

New Home

Mostly, people like to opt for Home Loan for buying a new home. Public Banks, Private Banks, and there are many financing companies which provides Home loan where you get money irrespective of your assets, Income and other conditions.

Home Extention Loan

When you already have a home but you want to extend like you want to make another floor or want to construct another room, then also Banks or Loan Companies provides you the loan.

Renovate your Home

If you have a Home But you want to make some interior changes in it like painting work, wire changes, plumbing word or electrician work. The loan providers will provide you loan for this work also.

Composite Home Loan

If you want to buy a Land and later on, you want to build a home on it you can get loan for both under one loan only is called Composite Home Loan.

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Features of Home Loan

Tax Benefits

You can claim Income Tax deduction on interest and principal repayments. Claim amount depends on your interest repayments.

Prolonged Tenure Payback

You can make your Tenure Payback duration as long as your want like 25-30 years also. You can take loan of desired amount and then decide the tenure payback duration the interest will be divided accordingly. It will lessen the burden.

Prepayment Facility

If you want to submit lump sum amount in advance then you can do it without any prepayment penalty. It will enable you to close your loan before the tenure ends.

Home Loan - Eligibility

There are few eligibility checks for getting home loan in any sector i.e Private, Public or any Loan Agency .

Age

Minimum age of applicant to get loan is 21 years and Maximum age at loan maturity: 60 years

Income

Minimum Net Monthly Income: Rs 15,000

Credit Rating

Applicant should have the bank specified credit score.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

Yes, you can pay for sure without any penalty. This will help you to close your loan before the tenure ends.

Yes, we offer refinancing. The new loan should be provided on better loan rate than existing one.

We are located at 31A Roseate Home, Gazipur road, Zirakpur.

Get a Quote

Now apply for a Home Loan online, All you need to do is provide your details below application form.