About Home Loan
A home loan, also known as a housing loan is simply the sum of money borrowed from a lender to purchase a home or to construct one. Home loans can also be taken for extension of existing homes. Home loans are available in both fixed and adjustable interest rates, and payment terms. There are several types of home loans available:
₹5,00,000 - ₹5,00,00,000
Up to 30 years
Are you Eligible for a Home Loan?
Your home loan eligibility will be determined based on the following criteria –
- You must be between the ages of 24 and 65
- Salaried employees must have a minimum salary of Rs. 30,000 and at least two years of work experience
- Self-employed individuals must have at least three years of work experience in their current field
- In case of NRIs or Non-Resident Indians; they should be salaried individuals having at least three years of work experience
Documents Required for all Home Loan Applicants
The following are the accepted documents for a home loan application. An applicant needs to produce only one/two from each of the following category –
- Age Proof – Valid Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, School Leaving Certificate
- Photo Identity Proof – Voter ID Card, Valid Passport, Driving License, Aadhar Card, PAN Card
- Address Proof – Utility Bills, Bank Statements, Property Registration Documents, Property Tax Receipt, Voter ID Card
- Business Proof – Registration Certificate for Commencement of Business, your Business Profile on letter head, copy of the last two years’ Income Tax Returns
- Income Proof – Last six months’ operative current account statement, copy of the last three years’ P/L Projection Statement, Bank Statements for the last six months of CC, OD facilities (if taken)
- Processing Fee Cheque – to be issued from your business account
How to Apply for a Home Loan
You can reach out to us in various ways to apply for a home loan:
You can easily apply for a housing loan online by just filling up your basic details.
02 Virtual assistant
You can even apply for your home loan with the help of a loan processing virtual assistant.
03 Mobile Phone
Applying for a home loan is just a phone call away! Simply email us at email@example.com and we will guide you through the process.
04 Branch Visit
Another way to apply for a home loan is to visit one of our country-wide branches and our executives will walk you through the entire process.