Home Loan

HOME LOAN

  • Personal info
  • Loan Eligibility
  • Final submission
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Home Loans:

Home loan is provided by top banks, but it’s a very daunting task to take decision to opt loan from which bank. Before taking any home loan you need to collect information about home loans from different banks and analyse or compare the interest rates and return policies. Find the eligibility for taking a loan both from private and government banks. Based on that carry on the analyses which bank is providing you the good offer with flexibility in repayment and affordable such as floating rates. Question yourself all possible options for payments like prepay options or balance transfer. For all this questions you no need to worry as we are here to assist you to answer the question you confront while planning to take loan until you get loan. A perfect way of taking loan is which gives you lowest rates throughout the tenure, repayment options and also permits you to balance transfer if you wish to.

When to apply for loan?

Home loan is a long term investment plan, generally it may takes more than 20 years to complete. Usually customers preferred loan on floating rate of interest rates. In banks interest rates keep on changing and for more than 20 years that is impossible to decide. So be careful while deciding the interest rates concentrate on long term plan rates so that it will be easy for you in future too.

When you have enough income means your income must be above your monthly expenses budget etc. When you willing to buy the property and you can’t miss the chance to purchase of it or in case if you the property price will raise in future.

From government there is a scheme introduced by Prime Minister called PMAY SCHEME 2017. Under this scheme candidates who has year income up to 12 lakhs per annum can take loans up to 9 lakhs on an interest subsidy of 4 percent on housing loans. And for those earning is 19 lakhs per annum can take loan up to 12lakh on a subsidy of 3 percent on housing loans.

All major banks provide home loans either private or public banks.

Check for Home Loan Eligibility:

Bank provide home loans based on your monthly income and the value of your property. You’re eligible to take home loan of 50-60% of your income. Other factor is value of that property.

List of Documents For Home Loan

EMPLOYEE

  • 3 yrs I.T.R
  • 6 months bank statement
  • Business proof
  • 3 years of Business records
  • 2 color photos
  • sale deed
  • sale of agreement
  • E.C for 20yrs
  • link document for 20yrs
  • Apartment plan & Permission copy

SELF EMPLOYEE

  • 3 montha payslips / salary certificates
  • 6 months bank statement
  • office I.D card
  • Latest year Form-16
  • 3years experience letters
  • 2 color photos
  • sale deed
  • sale of agreement
  • E.C for 20yrs
  • link document for 20yrs
  • Apartment plan & Permission copy

EMPLOYEE

  • 3 montha payslips / salary certificates
  • 6 months bank statement
  • office I.D card
  • Latest year Form-16
  • 3years experience letters
  • 2 color photos
  • sale deed
  • sale of agreement
  • E.C for 20yrs
  • link document for 20yrs
  • LRS (or) BRS
  • Muncipal or gramapanchayathi permission & plan copies.

SELF EMPLOYEE

  • 3 yrs I.T.R
  • 6 months bank statement
  • Business proof
  • 3 years of Business records
  • 2 color photos
  • sale deed
  • sale of agreement
  • E.C for 20yrs
  • link document for 20yrs
  • LRS (or) BRS
  • Muncipal or gramapanchayathi permission & plan copies.

EMPLOYEE

  • 3 montha payslips / salary certificates
  • 6 months bank statement
  • office I.D card
  • Latest year Form-16
  • 3years experience letters
  • 2 color photos
  • sale deed
  • Muncipal or gramapanchayathi permission & plan copies.
  • E.C for 20yrs
  • link document for 20yrs
  • LRS

SELF EMPLOYEE

  • 3 yrs I.T.R
  • 6 months bank statement
  • Business proof
  • 3 years of Business records
  • 2 color photos
  • sale deed
  • Muncipal or gramapanchayathi permission & plan copies.
  • E.C for 20yrs
  • link document for 20yrs
  • LRS

EMPLOYEE

  • 3 montha payslips / salary certificates
  • 6 months bank statement
  • office I.D card
  • Latest year Form-16
  • 3years experience letters
  • 2 color photos
  • sale deed
  • sale of agreement
  • E.C for 20yrs
  • link document for 20yrs
  • Muncipal or gramapanchayathi permission & plan copies.

SELF EMPLOYEE

  • 3 yrs I.T.R
  • 6 months bank statement
  • Business proof
  • 3 years of Business records
  • 2 color photos
  • sale deed
  • sale of agreement
  • E.C for 20yrs
  • link document for 20yrs
  • Muncipal or gramapanchayathi permission & plan copies.

EMPLOYEE

  • 3 montha payslips / salary certificates
  • 6 months bank statement
  • office I.D card
  • Latest year Form-16
  • 3years experience letters
  • 2 color photos
  • sale deed
  • sale of agreement
  • E.C for 20yrs
  • link document for 20yrs
  • Apartment plan & Permission copy

SELF EMPLOYEE

  • 3 yrs I.T.R
  • 6 months bank statement
  • Business proof
  • 3 years of Business records
  • 2 color photos
  • sale deed
  • sale of agreement
  • E.C for 20yrs
  • link document for 20yrs
  • Apartment plan & Permission copy

HOME LOAN EMI CALCULATOR

Home Loans F.A.Q