All About Home Loan

Home loans are for individuals who are interested in buying/constructing houses. It is supported by banks or financial institutions who loan a certain amount, based on the need of the individual(s). Loans can be applied for purchase, construction or improvement of homes.

Types of Home Loan

  • Home Purchase Loans
  • Land Purchase Loans
  • Home Construction Loans
  • Home Improvement Loans
  • Home Conversion Loans
  • Home Extension Loans
  • Bridge Loans

Types of Home Loan

Find Home Loan details of Amount Funded, Interest Rate, Prepayment charges, Processing Fee, Tenure, etc.,

  • Home Loan Amount Funded
  • Up to 85% of Property Value
  • Home Loan Tenure
  • 1 year to 30 years
  • Guarantor requirement
  • Not required
  • Interest Rate (Monthly Reducing Balance)
  • 9.15% to 15%
  • Processing Fees
  • 0.5% to 1% of Loan Amt
  • Prepayment charges
  • 0% to 2% on outstanding loan amount
Select Loan
Full Name*
Email*
Mobile Number*
Date of Birth(dd/mm/yyyy)
Address
City
State
Required Loan Amount
Salaried
 

List of Home Loan Documents Required

If you are looking for a Home Loan from a bank in India, you would require the following Home Loan Documents to process your Home loan application.

List of Home Loan Documents Checklist for Salaried Person

  • Photo Identity Proof
  • Residence Address Proof
  • Bank Statement: Latest 1 year statement where your salary is getting credited
  • Property Documents: Property documents to be submitted based on the purchase of your dream home.
  • Job Continuity Proof:
  • Income Proof: Latest 6 months Salary Slips and Last 2 Year Form 16.
  • Photo Identity Proof
  • Copy of agreement executed / Sales Deed.
  • Share Certificate.
  • Latest Maintenance Bill.
  • List of documents & sanction letter given by Existing Banker (If Applicable).
  • Advance Processing Cheque required to process loan documents for sanction.
  • 2 passport size colour photograph
  • IF PROFESSIONAL: Please submit your Professional Degree Certificate.
  • IF EXISTING LOANS: If any existing loan, please submit sanction letter, Payment Track Record.

List of Home Loan Documents Checklist for Self Employed Business Person

  • Photo Identity Proof
  • Residence Address Proof
  • Bank Statement: Latest 1 year statement where your salary is getting credited
  • Property Documents: Property documents to be submitted based on the purchase of your dream home.
  • Office Address Proof
  • IF PROFESSIONAL: Please submit your Professional Degree Certificate.
  • Business Existence Proof
  • Copy of agreement executed / Sales Deed.
  • Share Certificate.
  • Latest Maintenance Bill.
  • List of documents & sanction letter given by Existing Banker (If Applicable).
  • Advance Processing Cheque required to process loan documents for sanction.
  • IF EXISTING LOANS: If any existing loan, please submit sanction letter, Payment Track Record.
  • Income Proof: Latest 3 years Income Tax Returns including Computation of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.,
  • 2 passport size colour photograph

What is floating rate home loan?

What is a fixed rate home loan?

How to repay my loan?

Is prepayment of loan allowed?

What are the other charges included in the home loan process?

Is there any tax benefit?

What is an amortization schedule?