Make the right decisions in choosing a home loan for purchasing your dream home, for what may be “the biggest financial decision of your life.
We are committed to provide best services to enable you to purchase or finance your property.
We have the expertise in the field of Life Insurance, Housing Finance, Health insurance, Mutual Funds and Financial Services Industries with a focus on providing exceptional and delightful customer services.
Your main considerations when looking for a home loan can be as follows:
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Simple Process & Documentation
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Low-interest rates and fees.
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No hidden charges, no surprises
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Fast approvals, disbursed on time.
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Fits with your current financial goals.
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Longer Team.
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How Does a Home Loan Work ?
Loan Amount
Loan amount is the principal amount of money that you are eligible to borrow for your home. The home loan amount that you can borrow will largely depend on your home loan eligibility calculated on the basis of several factors – CIBIL score, employment type, income, among others. To determine your home loan eligibility, all we will need is your documentation proofs.
Loan Disbursal
A home loan amount is said to be disbursed when the amount is transferred to your bank account after checking your eligibility and documentation proof.
EMI Repayments
A month following the day on which you received full loan disbursement, your Equal Monthly Instalment will start. To repay your home loan amount, you need to shell out equal, fixed amounts on a monthly basis to repay your home loan.
Loan Closure
A loan is closed when you pay your EMIs up until your loan tenure, paying off the principal amount and the interest. Generally, home loans are to be paid off within the tenure or term for which they were taken but foreclosure or prepayment of home loans can be made. In case of floating interest rates, no charges will be applicable for prepayment but in case of fixed interest rates, charges may apply.
If you do not prepay your loan, you will have to faithfully pay your EMIs up until your loan tenure is over following which a loan closure will take place. Meaning, your books of home loan will be closed.
What are the Documents Required to Apply for a Home Loan?
Documents Required for all Home Loan Applicants
The following are the accepted documents for a home loan application. An applicant needs to produce only one/two from each of the following category -
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Age Proof – Valid Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, School Leaving Certificate
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Photo Identity Proof – Voter ID Card, Valid Passport, Driving License, Aadhar Card, PAN Card
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Address Proof – Utility Bills, Bank Statements, Property Registration Documents, Property Tax Receipt, Voter ID Card
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Business Proof – Registration Certificate for Commencement of Business, your Business Profile on letter head, copy of the last two years’ Income Tax Returns
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Income Proof – Last six months’ operative current account statement, copy of the last three years’ P/L Projection Statement, Bank Statements for the last six months of CC, OD facilities (if taken)
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Existing Loan Details – to be provided via bank statements
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Processing Fee Cheque – to be issued from your business account