Documents Required for Home Loan:
Home loans are primarily used to finance the purchase of a residential property. They can also be used for home renovations, construction, or refinancing an existing mortgage to get better terms or interest rates.
Documents Requirments
Home loans are primarily used to finance the purchase of a residential property. They can also be used for home renovations, construction, or refinancing an existing mortgage to get better terms or interest rates.
Aadhaar Card/ Valid Passport/ Election Card
Criteria And Charges
- Home Loan can be availed by salaried Individuals, self-employed individuals and self-employed professionals
- Home Loan can be offered to Indian residents only
- Salaried Individuals : Minimum net income of Rs.120,000 per annum
- Work experience of minimum 1 year at current job and 2 years of total experience.
- If current job is less than 1 year, then 3 years of total experience required
- Self-Employed Individuals and professionals : Minimum net annual income as per latest year ITR/Financials of Rs.150,000
- Minimum age at loan sanction – 24 years. Maximum age at loan sanction – 65 years
- Business continuity of last three years in the same field
- Tenure Min. 1 Year Max. 20 Year
- File Charge 3850 / of the File (3,000 /- will be refunded by loan Amount)
- Rate of intrest : 5.5%
Channel Partner
Channel partners bring their expertise, customer relationships, and localized knowledge to the table, helping the manufacturer tap into new markets, customer segments, or geographic regions that they might not have been able to access on their own.
