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Home Loans

We cater to all types of home Loan requirements. Have a look-

  • Ready to move property purchase loans: When you are taking home loan for buying a new home.
  • Land Purchase Loans: This is for buying a new plot to construct a house or for an investment.
  • Home Construction Loans: When you take a home construction loan, to build a house over a self-owned land.
  • Home Improvement Loans: These loans are taken for renovation or to re-build a house.
  • Balance Transfer Loans: When a loan borrower wants to move/shift his existing loan to some other service provider to get the benefit of lower interest rate.
  • NRI Home Loans: The home loan facility for non-resident Indians comes under this category.
  • Fill a loan application form.
  • Handover the documents to the Bank.
  • Bank will check your CIBIL score and records.
  • In case of good CIBIL record, bank start working on available interest rates and EMI offers most suitable to customer.
  • Loan to the applicant get disbursed

Documents for salaried applicants

  • Income Tax Returns /Form 16 of last 2 years.
  • Last 6 months bank statement to verify salary credits.
  • Cheque of processing fee.
  • Last 3 month salary slips.
  • ID/ Passport /Bank Statements / Age Proof – PAN Card/ Utility bills/ Signature Proof/ Aadhar Card and Residence Proof.


Documents for self-employed

  • Proof of Business which includes Shop and Establishment Certificate/ Service Tax Certificate/Vat Registration Certificate.
  • Last 3 years details of IT tax returns with balance sheet, profit and loss account duly audited by CA.
  • Existing loan’s sanction letters with repayment track.
  • Business profile mentioned on the company letterhead.
  • ID/ Signature Proof/ Bank Statements / Aadhar Card and Residence Proof /Age Proof – PAN Card/ Utility bills/Passport/.
  • Cheque of processing Fee.

Documents for Partnership firm

  • Age proof of all the firm partners – Passport, PAN Card, or Aadar Card.
  • Residence proof of all firm partners – Passport/Bank statement/ Utility Bills /Registered rent agreement.
  • PAN Card of the company.
  • Income Tax returns of latest 3 years with profit and loss details and balance sheet which should have been duly audited by a CA.
  • Proof of Business which includes Shop and Establishment Certificate/ Vat Registration Certificate/ Service Tax Certificate.
  • Bank statements of last 12 months of Savings Bank Account of all the partners and also of the company account.Business profile on company’s letterhead.
  • Sanction letters of existing loans with repayment track.
  • ID/ Age Proof – PAN Card/ Passport/ Bank Statements/ Signature Proof/ Aadhar Card and Residence Proof/ Utility bills.
  • Cheque of processing fee.
  • Applicant should be at least 21years old.
  • Salaried applicant should be less than 60 years.
  • Self-employed applicant should be less than 70 years.
  • Applicant should have a regular income.
  • Applicant should earn more than the minimum amount of required income.

Home Loan has both fixed and variable rate of interest –

The rate of interests charged on a home loan is of two types. One is fixed rate of interest, and another is the variable/fluctuating rate of interest. As it is understood by their names, the fixed rate of interest remains fixed and unaffected by the increase and decrease of market rates and the decisions of R.B.I on the national cash rate.

On the other hand, if you have taken a home loan on the fluctuating rate of interest then every time the charged interest rate will be according to the current change of rates. In case of an increase in rates of home loan market, the customer have to pay the increased amount but on the other side a decrease in home loan, the customer will avail the benefit also.

Repayment Frequency –

It’s not necessary to repay your home loans on monthly basis only. Depending on your income, and your convenience you can choose to repay your loan on a weekly, fortnightly or monthly basis.

Early repayments –

Although, home loan installments have a fixed amount but sometimes due to reasons like an increase in salary, customer is able to pay big amount of his loan. Well, he can certainly do this, as it is a feature of home loan, which allows a customer to repay his home loan before time but remember that the customer needs to enable this feature.  In fact, after a decision taken in 2013 the RBI has instructed the banks to not to take penalty charges on prepayments of home loans taken on fluctuating rates.

Home loan does not include registration charge and stamp duty –

Usually home loans do not include the amount of registration charge and the stamp duty. Most of the time the buyer has to arrange this expense from his pocket.

Q1. How can I apply for a home loan?

You can take an application form from our office nearest to your place or you can also download our application form from our website and can submit it with all required documents.

Q2. What does an EMI mean?

EMI stands for Equated Monthly Installment. This is the amount a customer pay to its lender every month, quarterly or fortnightly on a specific date till the complete repayment of the loan. The EMI comprises of two elements – principal and interest.

Q3. Will I get any tax benefits on my home loan?

Yes, under the Income Tax Act, 1961, you are eligible for the tax benefits on the interest and the principal components of your home loan. But these benefits could vary each year, so you need to counsel with your Loan counselor to know about your share in tax benefits.

Q4. What is meant by the ‘Market Value’ of a property?

Depending on the prevailing market conditions, the expected amount to be fetched on a property is known as the market value of a property.

New Home Loans

Plot Loans

Home Construction Loans

Home Extension Loans

Home Loan Inquiry Form

We are glad that you preferred to inquire. Please fill our short form and one of our friendly team members will contact you back.