Home Loan

The Magic thing about home is that it feels good to leave, and it feels even better to come back ~ Wendy
A house is made of Brick & Beams, but home is made of Love and Dreams ~ Unknown

Home Loan is offered to:-
  • Salaried Employees
  • Salaried Director of Company
  • Self Employed Professionals
  • Proprietors
  • Company
  • Partnership firm
  • NRI’s
Types of Home Loan
  • For New homes
  • For Resale Homes
  • For Construction
  • Balance Transfer
  • Home Improvement Loans
  • Home Extension loans
  • Plot Loans
  • Top Up Loan/ Loan Enhancement
Charactertics of a Home loan ?
  • Home Loan is a Secured Loan offered against the security of a house/property which is funded by the bank’s loan
  • Home Loan eligibility is based on Property Value and loan repayment capacity of Individuals(s).
  • Home Loan can be availed against Plot of land, Under construction, Re-sale property.
  • Property must be located in Municipal Corporation limit
  • Title of property must be clear.
  • The property could be a personal property or a commercial one.
  • Loan repayment is made in monthly equal instalment, although options are available for other options of repayment also.
  • Interest Paid in eligible for deduction under Income Tax Act U/s 24.
  • Principal Repaid is eligible under section 80 Income Tax Act.
 
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