Benefits

You can get the best home loan rates at the most competitive rates and reasonable EMIs from a wide range of institutions.

• Home Construction Loan: You may decide to take out a home construction loan if you own a plot of land but lack the funds to build a house on it. The primary purpose of this type of borrowing is to build or fix a significant portion of your house.
• Home Extension Loan: If you currently own a house and feel the need to add an addition, build a new floor, or extend the building, a home extension loan is the best way to finance these projects.
• Home Improvement Loan: Everyone wants to enhance and renovate their homes in order to live better lives. All of your plans are financed by your home improvement loan, including your outdated fixtures, furniture, and malfunctioning lightning systems.
• NRI Home Loan: This is the solution for you if you’re a patriot and a non-resident Indian who wants to own residential real estate in India. However, the application procedures could change slightly.

Eligibility

Age: 

• 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
• Salaried Person – 21 years to 58 years
• Self-Employed Person – 25 years to 65 years

Income

• Salaried Person – Minimum Rs. 10,000 per month
• Self-Employed Person – Minimum Rs. 2,00,000 per year

Employment

• Salaried Person – Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company
• Self-Employed Person – Minimum 3 years of Experience in the current field

Credit Score

• • A credit score of 750 is considered a good score for approval.

Documents Needed

Income Proof Documents of Salaried Individuals 

• Form 16
• Employee Identity Card
• 3 Months Salary Slip
• 6 Month Bank Account Statement
• Duration of Employment Evidence

Income Proof Documents of Self Employed Individuals 

• PAN
• Trade License
• Partnership Deed
• Article of Association
• Memorandum of Association
• Import Export Code
• SEBI Registration Certificate
• ROC Registration Certificate
• Financial Statement Audited by CA
• Profit & Loss Account Statement
• Balance Sheet
• 6 Months Bank Account Statement
• Professional Practice License for Doctors, Consultants, etc
• Registration Certificate of Establishment for Shops, Factories, and Other Establishments
• Business Address Proof

Documents Required from all Non-Resident Indians (NRIs) Applicants

• • • Income Proof Documents for NRI
    • Property Papers
    • Property Documents
    • Sale Deed
    • Stamped Agreement of Sale
    • Allotment Letter
    • No Objection Certificate or NOC
    • Housing Society
    • Builder
    • Possession Certificate
    • Land Tax Receipt
    • Construction Cost Estimate
    • Bank Account Statement of Payment Made to Seller or Builder
    • Payment Receipt of Payment Made to Seller or Builder
    • Incase of resale property share certificate is required
    • Occupancy Certificate

Fees and Charges

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