Make Your Dream Home a Reality

Affordable, Fast & Hassle-Free Home Loans Tailored to Your Needs

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Why Home Loans?

Home loans are a financial tool that enables individuals to achieve the dream of owning a home without the burden of paying the entire cost upfront. Instead of waiting years to save enough money, a home loan allows you to purchase your desired property and repay the amount in convenient monthly installments. With added benefits like tax deductions, flexible repayment options, and the potential for property value appreciation, home loans not only make home ownership more accessible but also serve as a long-term investment that offers both financial and emotional security.

Purpose of Home Loan

A home loan is more than just a financing option—it’s a solution tailored to meet your specific housing needs. Whether you’re buying your first home, building on your own land, or renovating your current residence, a home loan provides the financial support required to turn your plans into reality.

  • Purchase of a ready-to-move-in house or flat
  • Construction of a house or flat on owned land
  • Purchase of an under-construction property
  • Home renovation or repair
  • Additions or extensions to an existing property
  • Furnishing and finishing works
  • Plot purchase for house construction
  • Meeting cost escalations in ongoing construction

Features and Benefits

Flexible Tenure

Select a repayment tenure from 5 to 30 years to match your finances and manage EMIs with long-term comfort.

Attractive Interest Rates

Benefit from competitive fixed or floating interest rates that lower borrowing costs and make owning your dream home more accessible.

Multi-purpose Usage

Utilize the loan to buy, build, renovate, or extend your home, offering full flexibility to meet your housing needs efficiently.

Achieve Home Ownership

Buy your dream home today with loan assistance instead of waiting years to save the entire purchase amount

Property Appreciation

Invest in real estate, an asset that appreciates over time, ensuring financial growth and long-term wealth creation

Balance Transfer Option

Shift your existing home loan to another lender offering lower interest rates to reduce EMIs and total repayment cost

Eligibility Criteria for Home Loan

Salaried Individuals

  • Must have at least 1 year of continuous employment with a private company, government body, or public sector unit.
  • Age should be between 21 to 60 years at the time of loan maturity, with a minimum income as per city and lender policy.
  • Should have a good credit score (preferably 700+), with a low debt-to-income ratio and no recent loan defaults.

Professionals

  • Should hold a valid degree and license to practice in their respective profession, such as MBBS, CA, or B.Arch.
  • Must have at least 1 to 3 years of stable, verifiable practice or professional experience.
  • Income must be steady and supported by documents like ITRs, bank statements, and professional income proof.

Self-Employed Individuals

  • Must have an established business with a minimum of 3 years of consistent operations and profitability.
  • Age should be between 25 to 65 years, with proof of steady income and financial stability.
  • Should have a strong credit history (700+ score) and submit documents like GST registration, ITRs, and audited financials.

How to Apply for Home Loan

Step 1

Check Eligibility

Confirm you meet the lender’s criteria for age, income, employment, credit score, and repayment capacity.

Step 2

Compare & Choose Loan Plan

Explore interest rates, EMIs, and processing fees from different banks or NBFCs to select the best loan offer.

Step 3

Collect Required Documents

Gather identity proof, address proof, income proof (ITRs), bank statements, and property-related documents.

Step 4

Application & Fee Submission

Apply online or at the branch and pay the applicable processing fee to initiate the home loan process.

Step 5

Verification & Sanction

The bank verifies your documents, checks your credit score, evaluates the property, and issues a sanction letter.

Step 6

Agreement Disbursement

Sign the loan agreement and the bank disburses the loan amount directly to the seller or builder as per agreement.

Documents Required for Home Loans

When applying for Home Loan, having all the necessary documents in place is crucial. You will need:

  • Proof of Identity: PAN Card, Voter ID, Passport, or Aadhar Card etc.
  • Proof of Address: Utility Bills, Passport, Aadhar Card etc.
  • Proof of Income: Salaried: Latest 3 to 6 months salary slips, Form 16.
    Self-employed: Income Tax Returns (ITR), Bank statements (6 months).
  • Property-related Documents: Sale Agreement, Title Deed, Approved building plan.
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Frequently Asked Questions (FAQs) – Home Loans

Home loan eligibility is primarily assessed based on the applicant’s income, age, employment type, credit score, repayment capacity, and the value of the property. Both salaried and self-employed individuals can apply, subject to documentation and assessment.

Applicants are required to submit identity proof, address proof, income proof (salary slips or IT returns), bank statements, property documents, and photographs. Specific document requirements may vary based on employment type and lender policy.

The loan amount is generally based on the applicant’s monthly income, existing liabilities, credit history, and the value of the property. Most banks finance up to 75%–90% of the property’s value.

Lenders offer fixed, floating, or hybrid interest rates. Fixed rates remain unchanged throughout the tenure, while floating rates fluctuate with market conditions. Borrowers can choose based on their preference and risk appetite.

Yes, most lenders allow joint home loans, typically with a spouse, parent, or sibling. A joint application can improve loan eligibility and allow both applicants to benefit from tax deductions.

Home loan repayment tenure can range from 5 to 30 years, depending on the applicant’s age at the time of loan maturity and repayment capacity.