Home Loan @ Lowest Interest Rate, Apply Now..
Overview
Home Loan means a Sum of Money borrowed from the Banks / NBFCs / Financial Institutions to Purchase a Property. Owning Home is Dreams of all peoples. Home Loan helps to you for Purchase a New or Old Properties likes Apartments, Bunglows, Tenaments or Row Houses etc..
Home Loan is not Only for a Purchase Property but also if you want to built a new home on plot or improvement in current home or renovation. In some options likes Transfer your current Home Loan to New Banks/NBFCs for low ROI benefits or Taking Extra Funding for some other Expenses .
Home Loan is depends on Customers Profiles, Current Incomes, Repayment Capacity or Property’s Legal & Technical Valuation.
Home Loan Interest Rate
Bank / NBFC | Interest Rate | Processing Fees | |
HDFC | 8.40%* onwards | 0.50% onwards* | |
Kotak Bank | 8.30%* onwards | 0.50% onwards* | |
IDFC First | 8.40%* onwards | Up to 1%* of the loan amount | |
ICICI | 8.65%* onwards | 2999/- Offer* | |
Axis | 8.10%* onwards | Up to 1%* of the loan amount |
Types of Home Loan
- Purchase a New Home from Present Owner or Builders / Developers.
- Transfer an Existing Loan to another Banks/NBFCs for Lower Interest Rate Benefits or Lower/Higher Tenure.
- Require a funding for some Personal or Other Expenses against your Existing Loan or after Transfer to another Banks/NBFCs.
- When you planning a construct a new Property on a piece of Land or Plot.
- Require Funding for Renovation / Improvement in Home as per requirements.
Special Features & Benefits
- Purchase a New Or Old Property
- Construct a New Home
- Home Improvement / Renovation
- Transfer Loan to Other New Banks/NBFCs
- Top Up Loan on Existing Loan
- Purchase a Plot & built a Home on it.
- Based on Customer’s Profile, Incomes & Case to Case by Banks/NBFCs
- Loan Amount at the discretion of the Bank / NBFCs
- Registered Mortgage require but Depends on Banks/NBFCs T&C.
- Upto 30 Year or as per Requirements & Eligibility.
- Depends on Banks/NBFCs Various Offers or Min Fees as per Profiles.
- No any Charges for Part or Full Payments in Floating Rate.
Eligibility
- Indian Resident
- Non-Resident India (NRI)
- Salaried
- Self Employed
- SE-Professionals
- Min Salary
- Latest ITR
- Other Incomes
- Salaried : Min 2 Years
- Self Employed : Min 2 Years
- 650 and above
Documents Require
- Pan Card
- Aadhar Card
- Driving License
- Passport
-> Salaried
- Salary Slip
- Form 16
- Latest ITR
- Salary Certificate
-> Self Employed / Professionals
- Last 3 Years ITR with Balance Sheet & Profit Loss A/c (CA Certified)
- Form 26 AS (Latest)
- Income Receipts
- TDS Certificate
-> Self Employed / Professionals
- Business Profile
- Any Valid Govt Registration Proof
- Current A/c. Statement
- Degree Certificate (For Professionals)
- Savings Bank A/c. Statements
- Current Bank A/c. Statements
- Loan A/c. Statements (If Any Cont.)
Property Documents Require
- Previous Owner Sale Deed / Conveyance Deed
- Index Copy
- Registration Receipt
- Share Certificate
- Payment Receipts
- Allotment Letter
- Possession Letter
- Common Property Documents (Master File)
- Latest Sale Deed / Conveyance Deed
- Index Copy
- Registration Receipt
- Payments Receipts
- Allotment Letter
- Common Property Documents (Master File)
Home Loan Benefits
- One of the best advantages of a home loan is that it comes with a lower interest rate as compared to other forms of borrowing like LAP or Personal loans.
Deductions | Income Tax Act | Max Deduction (Amt) | Conditions |
Principal | 80C | Rs. 1,50,000 | On Principal Amount of Loan Stamp Duty also claimed* |
Interest | 24B | Rs. 2,00,000 | On Interest Amount of Loan |
Interest | 80EE | Rs. 50,000 | Loan Value should be Rs. 35 Lacks or Less & Property Value does not exceed Rs. 50 Lacks |
Interest | 80EEA | Rs. 1,50,000 | Property Value should be Rs. 45 Lacks or Less. |
- Longest Repayment tenure which going upto 30 Years means you can choose as per your convenient paying loan by lower EMI.
- Loan to Value (LTV) is upto 75 to 90% of your property Value and its depends on your loan.
- No any Charges for Part Payments & Foreclosures of Loan.*
- You can Transfer your Existing Loan to another Banks/NBFcs for Lower Interest Rate Benefits or Lower Tenure.
- Banks/NBFCs giving funding to you for your Personal’s or any other Expenses against your Existing Home Loan.
