About Home Loan:-
Home Loan is to buy any residential property and don’t have sufficient funds then we take loan on that property to meet our requirements is called Home Loan.
Types of Home Loan:-
Home Loan can be availed for buy a new flat/home, construct a plot, buy a build up house, renovation etc. These are types of housing loan availed as per your requirements.
Interest Rate:-
Housing Loan interest rate is approximately 6.75* – 6.95*. Housing Loan interest rate is depend on your loan requirement. It is a variable rate linked with EBLR.
Loan Term:-
Maximum loan term is 30 Years according to borrower age. Maximum repayment age is 70 Years.
Processing Fee:-
Processing Fee is about minimum 0.50% of loan amount. Processing fee vary bank to bank as per their policy. Maximum fee is 10,000/- plus taxes.
Required Papers Salaried:-
- Latest three months Salary Slip
- Latest two years Form-16 / ITR
- Latest six months bank statement of Salary account
- Pan Card
- Aadhar Card
- Current address proof
- 2 Photo
- Processing Fee cheque from salary account
Required Papers for Self Employed:-
- Last three years financial papers
- Last six months current and saving account statement
- Business Profile, Proof & address
- Pan Card
- Aadhar Card
- Current Address
- 2 Photo
- Processing fee cheque
Property Papers in case builder:-
- Agreement to Sell
- Allotment Letter
- Tripartite Agreement
- Permission to Mortgage
- Payment Receipts
- Demand Letter
Property Papers in case Construction:-
- Registry Copy
- Approved Map
- 30 Years Jamabandi
- NEC
- Estimate
Tax Rebate:-
In Housing Loan you can claim Rs. 1.50 Lac for principle under section 80C and Rs. 2.00 for interest under section 24.
Best Services: Chandigarh, Mohali, Panchkula, Kharar, Zirkpur