Home is a good investment for your future
Home buying is not just fulfilling your immediate need, but it is also a good investment as the property value increases over the years. Whether it is a plot, home, or apartment you want to invest in, it will provide better returns over time. This is one investment that will continue to pay dividends for the rest of your life.

Fix anything that’s broken
Over the years, even the best of homes end up suffering through a little wear and tear. Show your home a little love and fix all the little leaks and creaks through Home Loan.

Upgrade to make it Eco friendly
A lot of homeowners their homes to reduce their carbon footprint. With just a few upgrades, you will be setting a great example for your children and neighbors.

Because you deserve a place to express yourself
Your home is where you and your loved ones find a sanctuary away from the hustle of the outside world. Why would you want to compromise on that? Turn your children’s room into a fantasy playground or get yourself more space by adding a room.

We only need some basic documents to process your Loan. Here’s a handy guide to keep in mind.
Documents required for business loan

1. One Photograph each of app and Co applicant (To be pasted & cross signed by app & Co Applicant)
2. Copy of Id Proof (any one): Valid Password, PAN Card, Election Card, Marriage Certificate, Aadhar Card.

Step 1- Go in armed with knowledge and features that will suit your requirement

Step 2- Consider the whole package, look at the rate of interest they are offering, it might be possible that they might charge high Processing fee or any other fee if they are offering lower Rate of interest. In the same way they might be charging low Processing fee but might be charging some other hidden charge or high rate of interest.

Step 3- Structuring of the loan is very important…loan Amount, Tenor, EMI that you can easily manage, because your monthly budget will be effected after start of your Home Loan.

Step 4- Cost of taking the loan…like what is the total interest that you have to pay for loan, what is the processing fee, is there any mortgage charge, do you have to pay for the franking or notary& charges.

Step 5- what are the part payment charge, is there any lock in period or condition for doing part payment, what are the foreclosure charge, is there any lock in period or condition for doing foreclosure.

Step 6- Customer Service or after sale services are also important point that you should take care of. You should also take feedback from friend or colleague before finalizing for loan.

Step 7- Engage with good Bank/HFC DSA who can guide you about different rate or special offer running with different Bank/HFC.

You can avail of Home loans from Rs 1lakh onward depending on your eligibility, income and repayment capacity.

The loan can be repaid over a period of 12 to 360months

Processing fees: This is the fee charged by your housing finance company/Bank for their processing ,Foreclosure Charges: Nil for Floating rate of Interest and normally 2 % in case of Fixed & Fixed plus Floating rate of interest, Mortgages Charges: It varies from state to state which customer need to understand before applying for loan with Bank/HFC. Legal & Technical Charges: Normally it is covered in processing fee but some bank/HFC charges separately for legal and Technical.

Original Title document are taken as security or collateral , Some bank also go for registered mortgage for obtaining a Home Loan. Guarantors might be asked by few banks depending upon the bank criteria.

EMI stands for Equated Monthly Installments. This installment comprises both principal and interest components

Nil for Floating rate of Interest and normally 2 % , in case of Fixed & Fixed plus Floating rate of interest. Although some bank has lock in period from 6 month to one year.

You can download from the official website of Bank/HFC or You can walk to the nearest customer care office & submit application at the application or you can put a request through Customer care e-mail ID of respective Bank/HFC

Your income and repayment capacity will play a large role in determining your Home Loan Eligibility. Person’s age, qualification, number of dependents, your spouse's income (if any), assets and liabilities, savings history, and the stability and continuity of your occupation are all important considerations.

The term EMI refers to the 'Equated Monthly Installment,' which is the amount you will pay to us on a certain date each month until the loan is fully repaid. The EMI is made up of principle and interest components that are designed in such a manner that the interest component is considerably greater than the principal component in the early years of your loan, while the principal component is much larger in the latter half of the loan.

The 'Own Contribution' is the entire cost of the property less the home loan.

Bank provides a variety of repayment options for your home loan for your convenience. You can give your banker standing instructions to pay the payments via ECS (Electronic Clearing System), have your employer withdraw monthly installments directly from your salary account, or issue post-dated checks from your salary account.

Customer may apply for a Home Loan at any time after they've decided to buy or build a home, even if customer hasn’t chosen the property yet or the building hasn't started the construction.

The term "market value" refers to the projected price that will be fetched on the property based on current market circumstances.

The term "market value" refers to the projected price that will be fetched on the property based on current market circumstances.

Customer may pick up an application form from bank portal or download it from the website and send it together with the supporting papers and the processing fee check to any Bank that is convenient for you. Alternatively, they may apply online from anywhere in the globe by clicking on 'Instant Home Loan' on our website and find out your Home Loan eligibility quickly.

Yes. Under the Income Tax Act of 1961, you are entitled for tax advantages on the principle and interest components of your Home Loan. Please verify with our Loan Counselor about the tax incentives you may be eligible for on your loan, since they may vary from year to year consult with our Loan Counselor about the tax benefits that you may be able to obtain on your loan.

The loan's security would typically be a security interest in the property we're financing, as well as any additional collateral or short term security that we may demand.

It is critical that you check that the property's title is clear, marketable, and free of encumbrances. There should be no outstanding mortgages, loans, or litigation that might be risky to the title of the property.

The month after the month in which customer get complete disbursement of the loan, customer can begin repaying the principle. Customer pay interest on the portion of the loan that has been disbursed while waiting for the complete payout. Pre-EMI interest is the term for this type of interest. Pre-EMI interest is paid each month from the date of each payment until the start of the EMI.

Banks also provides a unique 'Tranching' feature for under construction properties, allowing customer to pick the payments they want to pay until the home is ready for ownership. Any money they pay in addition to interest goes toward principal payments, allowing them to pay off the loan faster. This is especially helpful if your disbursements are irregular.

In a property transaction, the 'Agreement to Sell' is a legal contract written on stamp paper that documents the understanding between the buyer and seller as well as all property specifics such as area, possession date, and price.

The Agreement to sell must be recorded by law in various Indian states. We recommend that customer should register the Agreement within four months of its date at the office of the Sub-Registrar established by the State Government, in accordance with the Indian Registration Act, 1908.

Claims or charges on a property owing to obligations such as unpaid debts and invoices are referred to as encumbrances. It is vital that you investigate properties that are free of any encumbrances throughout your house search.

Yes, customer may apply for a 'Home Conversion Loan,' in which your existing loan (which you used to purchase your present home) would be moved to the new property, along with additional money to cover the incremental cost of the new house, provided to meet the loan eligibility requirements. This means customer won't have to worry about prepaying their current loan when they move into your new house.

Yes, any customer can apply for a loan from us to pay off a Home Loan you received from another bank or housing finance company. Please contact on our website https://www.loans4you.in/ for additional information about 'Balance Transfer’.

A home that is in the process of being built and will be turned over to the buyer at a later period is referred to as an under construction property.

Once the property has been officially evaluated, all legal documentation has been completed, and you have fully invested your Own Contribution, bank will give disbursement of the loan. Then customer can submit a request for the loan to be disbursed by contacting our bank executive or going on to 'Online Access for Existing Customers'.

When we receive your request for disbursement, we will either distribute the loan in full or in three installments. In the case of a property that is still under construction, we will release your loan in installments depending on our assessment of building progress rather than the developer's agreement. It is in your best interests to engage into a contract with the developer in which the payments are tied to the construction activity rather than being set on a timetable.

Yes, customers can pay off the loan early by making lump-sum payments toward half or full prepayment, subject to the prepayment penalties. We also provide a free service called the 'Accelerated Repayment Scheme' that allows you to pay off your deposit faster. This option allows us to improve the EMIs every year in proportion to their income, allowing you to repay the loan considerably faster.

Yes, customers must verify that the property is fully insured for fire and other applicable dangers while the loan is in progress. That will also have to show evidence of this to bank every year and/or whenever you're asked to. The insurance coverage should be in the name of Bank.