Home Loan Eligibility
Home loan eligibility is primarily dependent on Income and Repaying Capacity. Other important factors include the customer’s Profile, Age at loan maturity, Age of Property at loan maturity, Investment and Savings history etc.
We makes buying dream home easy at your fingertips.
For Home loan approval, you need to submit the following Documents for Applicant / All co-applicants along with the completed and signed Loan application form.
- Home Loan products to suit every customers need
- Low Interest Rates
- Low Processing Fee
- No Hidden Charges
- No Pre Payment Penalty
- Interest charges on Daily Reducing Balance
- Repayment up to 30 years
- Home Loan Available as Overdraft
- Resident Type: Resident Indian
- Minimum Age: 18 years
- Maximum Age: 70 years
- Loan Tenure: up to 30 years
List of papers/ documents applicable to all applicants:
- Employer Identity Card
- Loan Application: Completed loan application form duly filled in affixed with 3 Passport size photographs
- Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
- Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card
Property Papers:
- Permission for construction (where applicable)
- Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
- Occupancy Certificate (in case of ready to move property)
- Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
- Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed (For New Property)
- Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller
Account Statement:
- Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
- If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year
Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:
- Salary Slip or Salary Certificate of last 3 months
- Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.
Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:
- Business address proof
- IT returns for last 3 years
- Balance Sheet & Profit & Loss A/c for last 3 years
- Business License Details(or equivalent)
- TDS Certificate (Form 16A, if applicable)
- Certificate of qualification (for C.A./ Doctor and other professionals)
| Conditions | Cibil score | Effective Rate of Interest | |
|---|---|---|---|
| Home Loans | For Salaried* | 750 Above | From 8.00% to 8.95% |
| For Non-Salaried* | 750 Above | From 8.00% to 8.95% |
*Interest rate are based on CIBIL Score
- Plan your Dream Home
- Secure Loan Services
- Minimal Documentation
- Quick Disbursement
- Attractive Rate Of Interest
- Home loan balance transfer, also known as home loan refinancing, allows you to move your existing home loan to another lender for potentially better terms like lower interest rates, reduced EMIs, or improved repayment terms. This process essentially allows you to take advantage of a new lender’s offers while transferring the outstanding amount of your current loan.
- Home loan Top up is an additional loan availed by existing home loan borrowers to supplement their current loan. It’s secured against the same property already mortgaged for the existing loan. Essentially, it allows you to borrow more money on top of your existing home loan.
- A Loan Against Property (LAP) is a secured loan where you use your property (residential or commercial) as collateral to borrow money. This allows you to access funds for various needs, like debt consolidation, business expansion, or personal expenses, while continuing to own the property.
- The Overdraft facility on a housing loan allows the borrower to deposit any additional lump sum amount over and above the monthly EMIs, to their loan account.
- The additional amount can remain in the loan account, and the borrower also gets the option to withdraw funds from the account, as and when required. A Savings Account or a Current Account is generally linked to the loan account, for such additional deposits. The OD limit against property and the Terms and Conditions can vary between lenders.
Get in Touch with us
Our Housing loan can be used for a variety of purposes. For instance, you can buy a plot, purchase a flat, build your own home and even extend your existing residence with a home loan
We’re here to help! Whether you have queries about our home loan services around a Hyderabad, need assistance with an application, or simply want to learn more, our team is just a call, email, or message away.
Frequently Asked Questions...
What is the eligibility for a home loan?
Eligibility depends on income, credit score (typically 650+), age (21-65), and employment stability.
What is the maximum home loan tenure?
Home loan tenures can extend up to 30 years, depending on the lender and borrower’s age.
What is the CIBIL score needed for a home loan?
A CIBIL score of 750 or above typically ensures better loan approval and lower interest rates.
Can I get instant digital approval?
Instant In-principal approval can be obtained. However final sanction will be given after scrutiny of all documents and processes.
