Home Loan – Features And Benefits

Home loans are easily accessible financing options in India when it comes to property buying. Borrowers can avail funds of up to 80% of the property’s current market value. With us, receive adequate financial assistance in the form of Home Loan for up to Rs. 3.5 Crore, and invest in the purchase or construction of your residential property. It comes with a plethora of benefits to aid you in getting your dream home easily.

Several Factors Determine A Borrower’s Eligibility For A Home Loan. A Few Of The Essential Ones Are As Follows:

• Age Bracket: Self-employed applicants falling within the age bracket of 25 to 70 qualify to apply for the loan. Salaried individuals must age between 23 and 62 years to be eligible.
• CIBIL Score: CIBIL score is a 3-digit value which signifies the creditworthiness of an individual. On the scale of 300 to 900, 750 is considered as the minimum rating required to qualify for a loan. A healthy CIBIL score for Home Loan can be beneficial to avail attractive features and better interest rates.
• Occupation: Applicants must either be self-employed (businessman, doctor, chartered accountant and others) or salaried with any private or public sector company or an MNC.
• Minimum Earnings: This is slab of net income per month based on the location of residing. Applicants must meet the minimum requirements as applicable.
• LTV and Property Value: Chance of getting a higher loan amount is more if the property’s market value is higher. If you can make a 20% down payment, you can get a home loan faster. An eligible applicant can enjoy competitive home loan interest rat