Home Loan

How To Apply

1. Check Your Eligibility – Ensure you meet income and property requirements.

2. Submit Application – Apply online or visit the nearest branch.

3. Document Submission – Provide KYC, income proof, property details, and bank statements.

4. Loan Processing & Property Valuation – Verification of documents and property assessment.
5. Loan Approval & Disbursement – Once approved, the loan is sanctioned and disbursed as per agreement.

Eligibility

• Age: 21 to 65 years

• Employment Type: Salaried, self-employed professionals, or business owners

• Minimum Income Requirement: ₹ X,XXX per month (varies based on loan type)

• Credit Score: A good credit history improves approval chances

• Property Location: Should be in an approved area as per lender guidelines

Interest & Charges

Home Loan Interest Rates & Charges

• Interest Rate: Starting from X% p.a. (depends on applicant profile & loan type)

• Processing Fee: X% of the loan amount

• Prepayment & Foreclosure Charges: Nil or X%, depending on the lender's policy
• Late Payment Penalty: X% per month on overdue EMI

Frequently Asked Questions (FAQs)

1. What is the maximum home loan tenure?

You can avail a home loan tenure of up to 30 years, depending on eligibility.

2. Can I apply for a home loan jointly with my child or grandchild?

Yes, we offer joint home loans where parents and grandparents can co-apply for a loan with their child or grandchild, enhancing eligibility.

3. What documents are required for a home loan?

• Identity & address proof (Aadhaar, PAN, Passport, etc.)

• Income proof (salary slips, ITR, bank statements)

• Property-related documents (sale deed, title deed, approved plan)

4. Can I transfer my existing home loan for a lower interest rate?

Yes, we offer a Home Loan Balance Transfer facility, allowing you to switch to a lower interest rate.

5. How long does it take to process a home loan?