Home Loan - Turning Your Dream Home into Reality

A home loan is a financial tool that helps individuals or families purchase or construct their dream home. Offered by banks or financial institutions, this loan is repaid in Equated Monthly Installments (EMIs) over a set period, along with an agreed interest rate.

The property being purchased acts as collateral, which means the lender holds the legal right to recover the loan by selling the property if the borrower fails to repay.

Types of Home Loans We Offer :

🏠 Home Purchase Loan :
       Buy your dream home with ease — this loan is ideal for those purchasing a new or resale residential property.

🛠️ Home Improvement Loan :
       Upgrade your home’s look and comfort. Use this loan for renovations, repairs, or refurbishments.

🧱 Home Construction Loan :
      Planning to build your home from the ground up? This loan is tailored for new constructions on owned land.

🧩 Home Extension Loan :
       Need extra space? Whether it’s a new room, an additional floor, or a garage — this loan supports your home expansion

🔁 Home Loan Balance Transfer :
     Not happy with your current lender? Transfer your existing loan to a new lender offering lower interest rates & better terms.

💰 Top-Up Home Loan :
      Need additional funds on your existing home loan? Get a top-up loan for home improvements — or even personal needs,          depending on your lender.

🌏 NRI Home Loan :
      Specially crafted for Non-Resident Indians (NRIs) looking to invest in residential property in India. Enjoy tailored eligibility,        competitive rates, and expert support.

🌳 Land Purchase Loan :
      Buy a plot to build your future home. This loan helps you finance land purchases intended for residential construction.

Home Loan Eligibility Criteria :
To qualify for a home loan, applicants must meet the following basic requirements:

Age Criteria

• Salaried: 21 to 58 years

• Self-Employed: 25 to 65 years

• Maximum age at loan maturity should be 65 years.

Income Requirement

• Salaried: Minimum ₹15,000/month

• Self-Employed: Minimum ₹2,00,000/year

Employment Stability

• Salaried: Minimum 2–3 years of continuous employment in a private/public/MNC firm

• Self-Employed: Minimum 3 years in current business/profession

Required Documents for Home Loan

1. For Salaried Individuals

• Identity & Address Proof: PAN Card, Aadhaar Card.

• Income Proof: Last 3-6 months' salary slips, Form 16/ITR for the past 2-3 years, and bank statements.

• Employment Proof: Appointment letter or employment certificate.

• Property Documents: Sale agreement, property title deed, and approved building plan.

2. For Self-Employed Individuals

• Identity & Address Proof: PAN Card, Aadhaar Card.

• Business Proof: Business registration documents, and GST registration.

• Income Proof: Last 2-3 years' ITRs with audited Profit & Loss statements and Balance Sheets, and 12 months' bank statements.

• Property Documents: Sale agreement, property title deed, and approved building plan.

3. For NRI Applicants

• Personal & ID Proof: Passport, visa, PAN card, and a recent photo.

• Income Proof: Last 3-6 months' salary slips, overseas bank statements showing salary credits, and latest ITR or tax documents.

• Indian Bank Account: Statements for your NRE/NRO account in India.

• Employment Proof: Employment contract or work permit.

• Power of Attorney (POA): Required if you are not in India for the loan process.

• Property Documents: Sale agreement, title deed, and approved building plan.