Home Loan: Make Your Dream Home a Reality

A Home Loan is a financial solution that helps individuals purchase, construct, or renovate a house without making a lump sum payment. With affordable interest rates, flexible repayment options, and long tenures, a Home Loan ensures that owning your dream home is easy and stress-free.

Advantages of a Home Loan

  1. Own Your Dream Home – Buy or build your house with convenient financing options.
  2. Affordable Interest Rates – Enjoy competitive interest rates for easy repayment.
  3. Flexible Loan Tenure – Choose a tenure ranging from 5 to 30 years to suit your financial needs.
  4. Tax Benefits – Avail tax deductions on principal repayment (Section 80C) and interest paid (Section 24B).
  5. Minimal Down Payment – Pay only 10-20% of the property's cost, and the rest is financed.
  6. Balance Transfer Facility – Transfer your existing home loan to another lender for better interest rates.
  7. Home Improvement & Renovation Loans – Get financing for upgrading or renovating your existing home.
  8. Higher Loan Amounts – Based on your income and eligibility, you can avail of loans up to ₹5 crores or more.
  9. Secure & Fixed Investment – Unlike renting, a home loan helps you build a long-term asset with increasing property value.

 Eligibility Criteria for a Home Loan

To qualify for a Home Loan, applicants must meet the following criteria:

🔹 Age: Salaried (21-60 years), Self-employed (21-65 years) at loan maturity.
🔹 Income: Minimum monthly income of ₹25,000 (varies by lender).
🔹 Employment Status:

  • Salaried Employees – Must have a stable job with at least 2-3 years of work experience.
  • Self-Employed Individuals – Must have a business with at least 3 years of stable income.
    🔹 Credit Score: A CIBIL score of 700+ increases loan approval chances.
    🔹 Loan-to-Value (LTV) Ratio: You can get up to 75-90% of the property value as a loan.
    🔹 Property Approval: The property must be legally approved by local authorities.

📄 Documents Required for a Home Loan

📌 Identity Proof: Aadhaar Card, PAN Card, Passport, or Voter ID.
📌 Address Proof: Utility Bills, Rental Agreement, or Passport.
📌 Income Proof:

  • For Salaried Applicants: Latest salary slips, Form 16, and 6 months’ bank statements.
  • For Self-Employed Applicants: Profit & Loss statement, ITR for the last 2-3 years, and business registration proof.
    📌 Property Documents: Sale Agreement, Property Title Deed, and Approved Building Plan.
    📌 Employment Proof: Appointment Letter or Business Registration Certificate (for self-employed).
    📌 Bank Statements: Last 6-12 months’ bank statements for financial assessment.

Why Choose a Home Loan?

A Home Loan makes homeownership easy with low-interest rates, flexible EMIs, tax benefits, and long tenures. Whether you're buying a new home, constructing, or renovating, our customized financing solutions help you secure your dream home effortlessly.