Our Services Include
Home is dream of every Indians and without home loan it is not possible. Home Loan is very important part to make funding of home cost. It is seen that people are not very much educated about home loan in respect of interest rate, prepayment, processing, eligibility norms etc. our team is very helpful to advise proper home loan product according to customer requirement where he can do comparison of several product available in the market and it is definitely beneficial to customer. We provide home loan consultancy services, manage home loan documentation part, assist to chose best product etc.
PAN Card /Aadhar Card
Income Tax Return from last 2 year (Balance sheet and P&L in case of business and professional person)
Last 3 salary Slip, 6 Month Bank Statement
Home loan is a type of loan to disburse by a bank or financial institution to individual or Individuals for buying a residential property where lender holds the title of property until the loan is fully paid with interest.
Any individual whether self-employed or salaried with a regular income can apply for home loans and their age should be minimum 21 years at the beginning of the loan and maximum should be 65 year at the end of the loan. This is the basic home loan eligibility criteria and can be differ from one lender to another.
The lenders consider following criteria during appraisal of Home Loan. • Earing of regular Income quantum. • Qualification and experience • Age of the applicant • Resident status whether he is resident or non-resident because limit for an Indian resident and non-resident is different. • Spouse’s income (Even household income can be taken into account when there is a co-applicant) • No. of dependants • Credit history and CIBIL score • Status and quantum of existing loans
A bankers and other lenders would allow only immediate family members as co-applicant in home loan application so friend does not qualify as co-applicant .
The maximum number of joint borrowers for home loan is fixed at 6 and immediate family members can become joint applicant. Further person who have good credit history and good CIBIL score are more preferable than have low CIBIL score and bed credit history.