Who can I get a Home Loan from?
You can avail of a Home loan from our preferred bankers or any other participating bank. You need to fulfill the following requirements.
- Minimum age of 21 years
- Employed or self- employed with regular income
- A maximum of 85% of the consideration value + registration costs
- Your repayment capacity as determined by the bank, taking into account your age, income, qualification number of dependants, assets, liabilities, stability / continuity of your employment/ business and the co-applicant’s income
You can include your spouse as a co-applicant for the Home Loan and include his/ her income to enhance your loan amount. Also, In case there are any other co-owners, they also need to be co-applicants.
Over how many years can I repay the loan?
A Maximum of 15 years for both employed and self- employed.
What are the means of payment?
The Home loan repayment is by Equated Monthly Installments (EMIs) comprising of interest and principal amount calculated on monthly rates.