Home Loan

Home loans are provided based on the market value, mainly estimation given by banks or the registration value of the property. Home loan is not a one-time decision; do review the market periodically before availing them. Customers tend to make mistakes while entering into deals, which may not be beneficial for them, so better compare all the variables before signing a loan agreement by different banks. 

There are thousands of home loan companies waiting to provide you with your financial needs. Part of the success of this whole financial move is partly in your hands, the greater part relies on the efficiency of your chosen mortgage company.


Today, the market is buoyant with Home Loan Offers made available by the financial organizations. People nowadays are opting Home Loans for their varied needs. The types of loan vary with diverse requirements of the clients. One opts for home loans for variety of purposes such as construction of home, its renovation and extension as well as buying and purchase of home or property. Varied alternatives are also available for the customers. An individual is offered all alternatives of Home Loans to choose from depending on their requirement. The Housing Finance Companies (HFCs) provides various options today to woo their customer. After accessing your requirements you can choose Home Loans according to your exact needs.

The following is the list of different types of Home Loans you can avail from the market:

1. Home Purchase Loans 5. Home Conversion Loans 9. Balance Transfer Loans
2. Home Construction Loans 6. Land Purchase Loans 10. Refinance Loans
3. Home Improvement Loans 7. Stamp Duty Loans 11. Loans to NRIs
4. Home Extension Loans 8. Bridge Loans  
Eligibility Criteria
A) - Salaried Individuals
  • Individuals in permanent service in the Government or reputed companies meet our Home Loan eligibility criteria
  • Applicants should be above 24 years of age at the time of loan commencement and up to the age of 60 or superannuation, whichever is earlier at the time of loan maturity.
B) - Professionals
  • Professionals (ie, doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, management consultants only) can apply.
  • Applicants above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity meet our housing loan criteria.
C) - Self Employed Individuals
  • Any individual filing income tax returns can apply
  • Applicants should be above 24 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity
Tips for Home Loan
  • To get a home loan never try to make document or you might face serious problems in future.
  • Avoid 3rd party loan agent and prefer direct bank home loan agents only.
  • Prefer nationalise banks like SBI, Bank of India or better loan rates and clean process, or 
    you can perfer a home loan specialized bank like HDFC Home Loan Finance Ltd for a clean and quick process.
  • Pre-approved home loan gives an advantage while negotiating a home buying deal.
  • Your home loan EMI should not be more than 40% of your take away(net) salary.
  • Go for a longer home loan tenure(20 years+) as low EMI, rupee devaluation and property price appriciation over a period of time more benefitial.
  • Try making home loan pre-payments as a part of your yearly investments as it reduces the home loan principal amount. Reducing loan EMI amount or loan period is optional and take what helps you the best

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