All want to make your home loan process smoothly! Isn’t it? , in this article, we are trying to help you to know banks’ eligibility criteria, rates of interest (ROI), process, necessary documents and transfer the existing loan for the lowest rates.
All want to make your home loan process smoothly! Isn’t it? , in this article, we are trying to help you to know banks’ eligibility criteria, rates of interest (ROI), process, necessary documents and transfer the existing loan for the lowest rates.
A HOME LOAN is an amount of money that an individual borrows from a bank or money lending company at a certain rate of interest to be paid with the EMI every month. The property is taken as a security by the money lending company for the Home Loan.
This is a normal Home Loan product that is offered by all the banks and NBFCs in the market. This product is totally based on the Monthly EMI system. Once the loan is disbursed from the bank or NBFC, from the next month, the EMI will start hitting your bank A/c.
This product is specially designed by few banks only. Smart Home Loan is a product, which combines the home loan with your current or savings account. The advantage of the smart home loan is that you can use your surplus fund to reduce the interest liability on your home loan. So it’s interest saving product for all the customers.
You can get up to 90%* of the house’s market price as a Home Loan.
Any salaried, self-employed or professional Public and Private companies, Government sector employees including Public Sector is eligible for a Home Loan.
Maximum age of applicant at loan maturity: 60 years
Minimum Net Monthly Income: Rs 15,000
Applicant should have the bank specified credit score.
If you have a question about Home Loan, Renovation loan, Land Loan, Plot Loan, Home Loan Balance Transfer then you can look into below FAQs or our General FAQs page in case if it is not mentioned here please contact us and ask us we would be happy to answer you!
As per RBI Circular issued on August 2, 2019, no bank can charge Penalty on Floating Rate Term Loans for prepayment of Home Loans. Kindly refer to the RBI CIRCULAR.
It depends on the monthly income, existing and current obligations and EMIs, style of living and tenure. You can calculate the tentative amount here. For an accurate amount, contact us.
You can apply for Home Loan anytime and get approval! irrespective of the property is decided or not!
Yes, This is the beauty of the Home Loan! Do you want to check your eligibility? Contact us now!
