Home Loans

Taking home loan is the only way a person in his 30’s or early 40’s can afford his family a home. It also means that you commit to paying almost EMI of as much as up to 40-45% of your monthly income for up to 30 years. Hence, it is important that you make the right decision that doesn’t hurt you in future.

Step – 1

Estimate Home Loan EMI, Check Home Loan Eligibility, Decide Loan Amount and Tenure

Step – 2

Check Approval Status of your Property

Step – 3

Fixed Rate or Floating Rate for Home Loan

Step – 4

Check Home Loan Prepayment and Foreclosure Charges

Step – 5

Select Best Bank for Home Loan

Loans FAQs

Is the security required for a home loan?

A home loan is a secured loan that requires the borrower to keep collateral with the lender. However, the collateral in case of the home loan is the home itself for which the loan is borrowed. In case a person fails to replay the home loan on time, the lender has the right to acquire the property.

How can i clear my home loan fast?

You can clear your home loan fast by paying the repayment amount either partially or fully, through home loan prepayment or foreclosure. Paying off the amount will not help you get rid of your home loan fast, but would also lower the home loan burden, as the principal amount is reduced. How ever, before going for the prepayment and foreclosure, it is better to know the foreclosure or prepayment charges that the lender charges in advance.

Who can be a guarantor for a home loan in india?

A guarantor should be an individual above the age of 18 years with a good financial history and a stable source of income. Apart, he or she should be sure about the credibility of the loan applicant.

What is the easiest bank to get a home loan from?

You can get a home loan easily nowadays, through the online loan portal of the bank. The online home loan application process is easy, quick, reliable and convenient.

How to get a first time home loan?

For a new home loan buyer they should check the eligibility, compare interest rates, tenure, loan amount. Here is a guide to home loan eligibility. Also, you can apply for a home loan with us or you can visit the nearest bank branch with whom you want to avail loan.