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Home Loan

Overview

Home loan is a specified sum of money borrowed from banks and Housing Finance Companies (HFCs) to purchase a house / flat.

A home loan is a secured loan that is obtained to purchase a property by offering it as collateral. Home loans offer high-value funding at economical interest rates and for long tenors. They are repaid through EMIs. After repayment, the property's title is transferred back to the borrower.

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Eligibility

Home Loan Eligibility Criteria

The borrowers do not need any hefty eligibility criteria to avail a car loan. The minimum eligibility criteria are given below:

  • The Applicant should be age between 18 to 70 years.

  • The Applicant annual income should be minimum 5 lakh

  • The Applicant should be employed or in business for at least 3 year. 

  • The Applicant should be holding Bank Account at least for 1 Year.

Documents

KYC

  • Identity Proof - Pan Card, Valid Passport, Permanent Driving license, voters ID Card etc.

  • Address Proof - Aadhar Card, Valid Passport, Light Bill, Rent Agreement, Company Letterhead.

Income Proof -

(Salaried Individuals)

  • Latest 3 months salary slip

  • Latest 2 years Form 16 

  • Bank statement of the current 6 months

(Self Employed Individuals)

(Sole Proprietorship)

  • ​Latest 2 years Income Tax Returns (ITR) 

  • Bank statement of the previous 12 months

  • Shop Act Licence as business proof

Self Employed Individuals
(Partnership Firms)

All the following documents as income proof:

  • Audited Balance Sheet

  • Company Incorporation

  • MOA & AOA

  • Profit & Loss Account of the previous 2 years

  • Company ITR for the previous 2 years

  • ​Shop & Establishment Act Certificate

  • GST Certificate​​​​​

  • Bank statement of the current 12 months​​​​​​​​​​​​​​​​​​​​​

Self Employed Individuals

(Private Limited Companies)

All the following documents as income proof:

  • Audited Balance Sheet

  • Company Incorporation

  • MOA & AOA

  • Profit & Loss Account of the previous 2 years

  • Company ITR for the previous 2 years

  • ​Shop & Establishment Act Certificate

  • GST Certificate

  • Bank statement of the current 12 months

Self Employed Individuals

(Public Limited Companies)

All the following documents as income proof:

  • Audited Balance Sheet

  • Company Incorporation

  • MOA & AOA

  • Profit & Loss Account of the previous 2 years

  • ​Any of the following documents as address proof:

  • Telephone Bill

  • Electricity Bill

  • Shop & Establishment Act Certificate

  • GST Certificate​​​​

  • Bank statement of the Current 12 months

Features & Benefits

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Short time loan process

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Hassle-Free  Documentation

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Attractive Interest Rate

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Flexible EMI Tenure

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Loan Amount Up to 100%

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100% security of

documentation

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Customer Support

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