Buyers Guide

Buyers Guide

Before deciding to buy a home prioritize your requirements, selecting a location for your home then conduct a survey on various factors like Managing finance, appreciation value of the property, surrounding environment, the credibility of the builder, bank loans eligibility and much more. It is vital for borrowers to have a comprehensive idea about housing loan and how to make the best of them.

Home Finance

Find easy Housing Loan for your needs from all leading Banks, with a number of conveniences to suit your budget. Get home Loan.

Despite Government schemes to boost the affordable housing industry, the real estate market still faces challenges due to a simultaneous rise in demand for houses, and its rising prices. The demand has also reflected in case of home loans, prompting leading financial institutions to offer borrower-friendly terms and attract more customers.

However, the offered features and benefits vary from one NBFC to the other. So, remember to do thorough research on the following pointers before settling for a loan.

Loan Eligibility Checker

Check for your Housing loan eligibility here. The loan eligibility calculator assists you to know about your loan eligibility, in choosing the best loan plan, the applicable EMI for your loan amount etc.

Check your Eligibility Now ….

Eligibility Criteria and Documents

Home loans are available for both salaried and self-employed individuals. Eligibility criteria and documentation basics vary accordingly. Viz. –

  • Indian citizenship and residence
  • Between 23 and 62 years (salaried); 25 and 70 years (self-employed) Work experience of a minimum of 3 years (salaried), or 5 years (self-employed) in their specific field of work
  • KYC documents
  • ID proof
  • Bank account statements of the last 6 months
  • Photographs
  • Form 16 or their latest salary slip (salaried)
  • Documentation of proof for the 5+ years of experience in business (self-employed)
  • Address proof

Tips before Applying for a Home Loan

Here are a few tips for you to consider before you approach a financial institution for home loans:-

  • Check your credit score
  • Survey the market for the best home loan offers
  • Check out the housing loan interest rates

NRI Corner

NRIs can avail of housing loans, for purchasing residential properties in India. These loans are available through leading financial institutions.