FAQ

If you are looking for a home loan, you need to compare the different options available from various banks and NBFCs. This will help you find the best lender that matches your loan requirements. You should look at the interest rates, processing fees, loan tenures and Loan-to-Value ratios of each offer. You should also check if there are any special campaigns or discounts offered by the lenders. Another thing you can do is to check your eligibility across banks to see how much loan amount they can offer you. This way, you can choose the best home loan for your needs.

Home Loan – This is the most popular loan option for buying a home. You can get up to 80%-90% of the home’s market value as a loan from your financial institution.

Home Loan Balance Transfer – This is a way to switch your existing home loan to another lender that offers better terms and conditions. You can benefit from lower EMIs, debt consolidation or other features.

Loan against property – This is a loan that you can get by pledging your commercial or residential property as security. You can use the funds for any purpose.

Plot + Construction Loan – This is a loan that you can get to buy a plot of land and construct your dream home on it.

Renovation + Extension Loan – This is a loan that you can get to upgrade or expand your home. You can make your home more comfortable and spacious with this loan.

Home Loan Top Up – This is a loan that you can get over and above your existing home loan. You can use this loan for any personal or professional needs. The interest rates are lower than regular personal loans.

The time taken to sanction a home loan depends on the documents that you submit to the lender. It usually takes around a month to get the loan approved. However, if you have a pre-approved offer from the lender, it may take less time.

You have to start paying back the loan from the month after the loan is approved. You can choose different payment methods such as pre- EMI’s.

Everytime you file your tax a levy on it is given by the Indian government under sections 80C, 24(b), and 80EEA of the Income Tax Act of 1961. A CA can help you on this further