Home is just not a place to dwell but it’s a feeling. A place where stories are begun. A place, which nourishes us and help us to discover ourselves. Home loan is a perfect instrument to own a place of your dream and call it a “home”. The loan can be availed from all leading banks to purchase a new house or even construct a house. Home loan is a secured loan with higher tenure and lower rate of interest. Its not only affordable but also gets you tax benefits. This is the best and smartest tool of wealth creation by creating a appreciating asset without having 100% finances with you.
Quality of this Product:
- This Loan helps in buying of residential properties anywhere in INDIA.It can be a new Property from Authority and Builder, a property in re-sale.
- The funds can also be used for construction of house, renovation at a later stage.
- The property financed is being mortgaged with the Lender.
- Eligibility is being calculated basis your current income and obligation levels in case you are salaried customer and basis the health of your Balance sheets, Bank statements, current obligation levels and of course your credit history.
- Borrower Can Avail Tax Benefits
- Property Can Be Jointly Owned
- Income Of Family Members Can Be Clubbed For Higher Loan
- Loan amount is restricted to 80-85% of the Property value subject to income eligibility
- The property should be legally and technically clear.
- The property should be approved by Banks/NBFC
- Rate of interest starting 6.50% p.a. and minimal processing fees.
- NIL Foreclosure charge.
- Part payment options in loan available.
Flexible loan tenures available of upto 30 years.
- A simple EMI based loan
- You can avail this facility within 15-20 working days from all leading Banks and NBFC’s subject to availability of complete documents.
- Try out the ‘Balance Transfer Option’ to get rid of high Interest current EMI’s and get slash up to 2% on interest rates on your current loan.