HOME LOAN COMPARE APPLY ONLINE

HOME LOAN COMPARE APPLY ONLINE

ABOUT HOME LOAN

Home Loan is a lifetime dream for Person. There is a long list of banks and financial institutions which offer all types of Home Loan in India. The loans which are used for purchasing a residential property are commercial property only known as Home Purchase Loans. These can further be divided into fixed interest rate and floating interest rate loans. This type of Home Loan provided by all kinds of Banks and nbfc. Home loan approval time takes 7 – 15 day after all required documents are provided on time to the lending bank and nbfc. Maximum Home Loan repayment period is 25 to 30 years.

    TYPE OF HOME LOAN
  • Regular Home Loan
  • Balance Transfer of Home Loan
  • NRI Home Loan
  • Flexipay Home Loan
  • Pre-Approved Home Loan
  • Realty Home Loan
  • Bridge Home Loan
  • Smart Home Top Up Loan
  • Insta Home Top-Up Loan
  • Corporate Home Loan
  • Home Loan to Non-Salaried – Differential offerings
  • Tribal Plus
  • Earnest Money Deposit (EMD)
  • CRE (Commercial Real Estate)) Home Loan
  • Privilege Home Loan
  • Home Top Up Loan
    1. WHY TAKE HOME LOAN FROM LOANPAO.COM
  • Low interest rate
  • Tax Benefit: Interest paid
  • Tax Benefit: Principal Repayment
  • Buying a home vs renting a house
    1. LOANPAO.COM HOME LOANS TIPS
  • Know about them Lender or Broker?
  • Get fixed rates loan
  • Know the True Rates
  • Check Your Credit Score
  • Know about loans details and terms
  • Maximum Down Payment
  • Verify and clarify all the things
  • Research well
  • Know about charges with the home loan fees
  • MAXIMUM HOME LOAN AMOUNT

    We offer HOME LOANS from Rs 10 Lacs up to Rs 10 cr. Final loan amount is decided on basis of your eligibility and credit checks.

      INTEREST RATE
  • interest strat with 6.80% and maximum rate of interest 14%.
    • HOME LOAN PROCESSING FEE
  • Processing fee for this loan is nil to 2% + applicable taxes on the gross loan amount sanctioned.
    • LOAN TENURE
  • The maximum home loan tenure offered by all major lenders is 30 years. The longer the tenure, the lower is the EMI, which makes it very tempting to go for a 25-30 year loan. However, it is best to take a loan for the shortest tenure you can afford. In a long-term loan, the interest outgo is too high.
    • ELIGIBILITY CAITERIA FOR HOME LOAN
  • Individuals with a minimum income of INR 20,000 and above
  • Indian Citizens/Residents who are 18 years to 70.
  • Work experience for salaried minimum 2 years.
  • Business stability for self employed minimum 3 years.
    • FLEXIBLE INSTALMENT OPTIONS
  • Final instalment options for a loan will be decided based on your profile and inputs
    • INSTANT PRE-APPROVED LOAN
  • Easy online process for loan sanction and fast approval within 24 TO 36 hours non refundable processing fee
    • Transparent Processes
  • No hidden charges, No pre-payment charges
    • DO HAVE AN OPTIONS TO PRE-CLOSE THE LOAN
  • Yes, you can pre-pay the loan facility any time no repayments charges and part payment options available
  • TAKE TIME HOME LOAN DISBURSEMENT

    We have a very quick and efficient underwriting system which ensures that we deliver to you on time. It usually takes from 7 to 15 working days.

    DOCUMENTS REQUIRED FOR HOME LOAN

      Property Documents FOR SALARIED
  • Fill loan application form
  • 2 passport size photo
  • Identity Proof - PAN Card
  • Address proof – (Any one) Aadhaar Card / Driving License/ Registered Rent Agreement/ Utility Bill / Passport
  • 6 months’ pay slips
  • 1 Year salary account bank statement
  • 2 Year Fotm – 16 (if you providing>
    1. Property Documents
  • Past chain
  • Conveyance deed
  • Sales deed
  • Allotment letter
  • Position letter
  • Latest property tax receipt
  • Copy of approved plan for construction
  • However, we might request for other documents if need arises during credit checks.
    • PROPERTY DOCUMENTS REQUIRED FOR SELF EMPLOYED
  • Fill loan application form
  • 2 passport size photo
  • Identity Proof - PAN Card
  • Address proof – (Any one) Aadhaar Card / Driving License/ Registered Rent Agreement/ Utility Bill / Passport
  • 2 Year itr
  • Gst
  • 1 Year bank statement
    1. Property Documents
  • Past chain
  • Conveyance deed
  • Sales deed
  • Allotment letter
  • Position letter
  • Latest property tax receipt
  • Copy of approved plan for construction
  • However, we might request for other documents if need arises during credit checks.
  • WHAT IS FIXED INTEREST RATE V/S FLOATING INTEREST RATE
    Fixed interest rate?

    A fixed interest rate on your home loan implies that the lending rate will remain fixed for the entire term of the loan or for a part of the entire term. Generally, fixed rates are 1% to 2.5% higher than the prevailing floating rates. Nowadays very few banks offer home loans at fixed interest rates, those who do so, offer fixed rates for a short period of the entire tenure. This makes borrowers susceptible to floating rates once the fixed tenure is over. So you must go through your loan agreement carefully before you go ahead.

    Floating interest rate?

    A floating interest rate on your home loan implies that the lending rate will be subject to revision quarterly. Since the lending rate is tied to the base rate, revisions in base rate by RBI will directly impact your home loan’s interest rate. Generally floating rates are preferred by most borrowers. Though there can be regular ups and downs depending on the market dynamics, one big advantage floating rates offer is that you can switch your home loan to a lower interest rate anytime you like, due to the removal of prepayment penalty by the RBI.

    HOW TO APPLY ONLINE
  • loanpao.com option providing you go to our website www.loanpao.com Apply Online Now
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