Project Loans
Home Loans
Home Loan for all kinds of houses. Solutions for Low CIBIL Scores.

Home Loan

Firstly, buying a house is a dream for many people. And, Home Loan involves a lot of financial planning. That is to say, we provide solutions for all your housing loan needs. Here, the plot, flat or other property that you are purchasing serves as collateral. However, you can also opt for this home loan to renovate, repair or construct a home.

Most importantly, Applicant’s and Co-Applicant’s credit score should be good. In addition, we provide Solutions for low CIBIL Credit Report Problems. In short, low credit score might challenge to get loan.

Subsequently, Home Loan is repaid to Bank by Monthly EMI. In the same vein, EMI refers to the ‘Equated Monthly Installment’. Meanwhile, the amount will be paid to bank on a specific date each month. To sum up, these installments are paid till the loan is repaid in full. Further, the EMI comprises of the principal and interest components.

On the other hand, Banks will consider the following factors when determining your loan eligibility :-

Borrower details for Home Loan :-

  • Age of both Applicant and Co-Applicant
  • Annual Income
  • Therefore, Occupational stability
  • Consequently, Six Months Bank Statements
  • Including, Resident type [Indian Citizen, Non-Resident Indian (NRI), Person of Indian Origin (PIO)]
  • Number of co-applicants
  • In addition, Co-applicant’s income
  • Six Months Bank Statements of Co-applicants
  • Importantly, Credit score of both Applicant and Co-Applicant
  • Other ongoing loans, if any then Loan A/C statement

Features of Home Loans

  • House Purchase
  • Villa Purchase
  • Duplex Houses
  • Flat/ Apartments
  • Plot purchase and Construction
  • Plots Purchase
  • Re-Sale property purchase

Property Documents required for Home Loan:

  • Agreement of Sale copy
  • Approved Layout Copy
  • Link Documents
  • Approved Plan copy
  • Permission for construction
  • Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller
  • Occupancy Certificate (in case of ready to move property)

Home Loans Income Tax Benefits

Therefore, as a result, Applicants and Co-Applicants can enjoy the following Income Tax benefits. In conclusion, Section 24 and Likewise, Section 80C of the Income Tax Act. While, repaying principal amount along with interest on Loan will allowed as deductions from total income.

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