Sunday, September 25, 2022

Compare Home Loan Before You Buy

We take your documents to all the banks to get you the best home loan possible. 

  • Submit your enquiry 
  • Share required documents 
  • We go to all the banks for you
  • Compare best home loan suitable 
  • Get your home loan approved

Who Can Apply For Home Loan? Home Loan Eligibility

Not everyone can apply for a Home loan. It is really important that you fall into the home loan eligibility before you apply for it. If you are not sure about that, then check the below list of eligibilities that you need to match before you apply for a Home loan. 

Apart from this, other points describe your eligibility for a home loan. If you Want to know more about it click on the button

Eligibility Criteria Requirement
Age Eligibility
  • Minimum Age: 18 years
  • Maximum Age: 70 years
Resident Type If you are an resident of India, then only you can apply. Check below residential eligibility to apply for Home Loan in India.
  • Indian Resident
  • Non-Resident India (NRI)
  • Person of Indian Origin (PIO)
Employment
  • Salaried
  • Self-employed
Minium Annual Income Eligibility Minimum Rs 5 Lakh to Rs. 6 Lakh yearly Income
Residence The applicant must have (any one):
  • A permanent residence
  • A rented residence where he/she has resided for at least a year prior to applying for a loan
Credit score A good credit score of at least 750 or more obtained from a recognised credit bureau

Compare Home Loan Before You Apply

Bank Name Minimum Interest Rate Processing Fee Loan Amount Tenure
Punjab National Bank 6.99% 0.35% Onwards Upto 90% 1 to 30 Years*
IDBI Bank 7.15% NA Up to 90% 1 to 30 Years*
LIC HFL 6.90% 0.5 % On Loan Amount Up tp 5 Cr 1 to 30 Years*
HDFC Bank 7.55% Up to 1.50% As per CIBIL Score 1 to 30 Years*
citi Bank 6.65% Up to 0.50% As per CIBIL Score 1 to 30 Years*
Axix Bank 7.60% Up to 1% Up to 90% 1 to 30 Years*
ICICI Bank 7.10% Up to 1% Up to Rs. 10 Cr 1 to 30 Years*
Kotak Mahindra Bank 7.10% Up to 2% Up to Rs. 10 Cr 1 to 30 Years*
IDFC First Bank 7.10% Up to 1% Rs 30 Lakh Minimum 1 to 30 Years*
Union Bank 7.40% 0.50% Onwards Rs 27 Lakh Minimum 1 to 30 Years*

We work with several banks and can help you find the best home loan. Before you apply for any loan make sure you compare. Check the list of banks and the loan details. You can contact us if you have any Query. 

List of Documents You Need To Apply For Home Loan

Before you apply for a home loan, you need to make sure that you have all the necessary documents. Having proper documents will help you to process your home loan easier and faster. Check the list of documents given by us and make sure that you have it all. 

  • PAN Card
  • Passport
  • Aadhaar Card
  • Voter’s ID Card
  • Driving License
  • Ration Card
  • Passport
  • Utility Bills
    • Telephone Bill
    • Electricity Bill
    • Water Bill
    • Gas Bill
  • LIC Policy Receipt

For Salaried

  • Form 16 
  • ITR for 2 to 3 Years 
  • Income proof

For Businessman

  • Form 16 
  • ITR for 2 to 3 Years 
  • Income proof
    • Balance Sheet
    • Profit & Loss Account Statement

Frequently Asked Questions

There are several questions that people usually ask about Home Loan. But, there few common questions asked that will give you a brief about home loan, process, interest % or any other charges, if any. We will bring to you some of those questions here.

If you still have query then you can ask our Experts.