• easyloanwala@gmail.com
  • 9161208208 / 0522-4043378

Home Loan

About Home Loan

Home loans are given to people who are keen on purchasing/developing houses. It is bolstered by banks or money related organizations who credit a specific sum, in light of the need of the individual. Credits can be applied for procurement, development or improvement of home

Characteristic Of Home Loan

  • The advantage for example your home/property is swore as security insurance. If there should be an occurrence of disappointment of installment of the credit on an opportune premise, the bank/loan specialist would be qualified for recover the benefit.
  • The advance sum fluctuates, with least sum being Rs 2, 00,000/ - The reimbursement timeframe, which ranges upto 30 years, is fixed dependent on the sum taken as credit and incorporates the exceptional head in addition to the intrigue costs.
  • The chief sum and the intrigue together comprise the EMI (Equated Monthly Installment) of the advance.
  • The credit charges incorporate enlistment charge, expense for preparing, prepayment punishment, responsibility charge and various charges for documentation and consultation.

Types Of Home Loan

There is a home loan for every requirement, take a look
  • Home Purchase Loans
  • Land Purchase Loans
  • Home Construction Loans
  • Home Improvement Loans
  • Home Conversion Loans
  • Home Extension Loans
  • Bridge Loans

Documents Required For Home Loan

  • Appropriately marked and filled application structure
  • Passport-size photograph
  • Statements of investments, if any
  • Explanations of speculations, assuming any Duplicate of plan endorsed for the proposed development/augmentation Cost estimation or valuation report from the bank's (or money company's) board CA
  • Portion letter of lodging board/NOC of the general public/manufacturer and so forth.
  • Bank articulation and pay slips.
  • In addition to these, you will have to also submit the following documents

  • Character and mark verification - Passport, Pan card, Driving License, Voter ID card, Aadhar card, representative personality card if there should be an occurrence of government workers.
  • Address Proof - Bank explanation, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, phone/power/water/charge card bill or Property charge.
  • Age Proof - Voter ID card, Secondary school leaving testament (class 10), birth declaration, Passport, Aadhar Card, annuity installment request or receipt of LIC arrangement.

How we can help?

As one of the leading loan & finance based Company in the India, Easy loanwala provides you with an unbiased platform to analyze and decide upon the available deals in the market. Moreover,

As all banks and financial institutions have different criteria or specifications, it is important that you first check and analyse which ones you are eligible for. thus helping you in selecting higher loan amounts at lower EMIs, i.e. LMIs.

Eligibility Criteria of Home Loan

  • As mentioned earlier, the home loan eligibility is determined by various factors including income, employment status, loan tenure and so on.
  • Any Indian citizen in good standing who is salaried, self-employed or business person with regular source of income can apply for a home loan.
  • The applicant should be above the age of 21 years
  • Professional stability and savings history play a major role in approval of the loan
  • Bad credit history would prove to be a put-off, especially anytime within 3 months prior to applying for home loan.
  • For Business men and Self-employed individuals, the value of loan you are eligible for is majorly determined by the profits and turn over earned by you.