Owning a house is equal parts an emotional investment as well as an achievement. It sure is a matter of pride. But, we at Arkfinanza know that when you are a home loan borrower there is a checklist of things buzzing inside your head. Common things include selecting which bank/NBFC/Housing Finance Company to choose, the paperwork, running needful checks of the home you are buying etc. We understand that a little assurance and support goes a long way. Hence we give you the best and affordable offers on home loans across many finance providers. We make loan applications simple with instant approvals and paperless online processes. With Arkfinanza your home loan will be made easier, and you can apply for it in 3 simple steps.
You can now make your dream home a reality, with home loans in India. All top financial organizations provide their customers with the facility of borrowing home loans.
So, what is home loan? A home loan or housing loan, also known as home finance or housing finance is a secured type of loan borrowed for property purchase. The purchased property itself is provided as the housing loan collateral. Home buyers apply for home loan to mainly ease their financial burden, and online home loan process has made it convenient for all.
Despite the fact that home loans are now a commonplace service at all established financial institutions, it is crucial to conduct a thorough research before you apply for home loan. Understand the benefits, rate of interest and other important fees before starting the process. All these things have a long-term impact on your overall repayment schedule.
Company Certificate & proof of Business existence along with Business profile
Income documents: Last 3 Yrs IT returns of Applicant & Co-Applicant & Balance sheets duly certified/audited by registered Chartered Accountant
Bank accounts: Last 12 months Bank Account Statements (Current & Savings)
Partnership/Pvt Ltd: Partnership deed, MOA and AOA of company
Pvt Ltd: Shareholding pattern on company letterhead
Pvt Ltd: List of Partners/Directors on company letterhead
Processing Fees & Charges For Salaried - INR 10,000 + GST For Self-Employed/Professional - 0.25% + GST on loan amount
Benefits
Lower interest rate and less processing fee
Home loan insurance at attractive premiums
Quick loan approval and disbursal
Tax benefits
When you go through a bank to purchase a house, the bank will conduct thorough checks on the property from the legal perspective and check if all the documents produced are valid
Criteria
Age bracket for salaried applicants is between 18 and 60 years
And, for self-employed individuals, the age bracket is between 18 and 65 years
Minimum monthly income required for those in Delhi, Bangalore, Mumbai, Pune, Chennai, should be Rs.20000/-
Minimum monthly income required for those in other cities should be Rs.15000/-
At HDFC Bank, you can enjoy attractive Home Loan interest rates along with a hassle-free loan application process, easy loan repayment options, and flexible tenures. We offer a range of Home Loans, including Top Up Loans, Home Improvement Loans, and Home Extension Loans.
Documents
One passport size photograph
Copy of PAN card (for applicants with relationship proof)
Copy of Aadhaar card (for applicants with relationship proof)
Copy of Residence proof (for applicants with relationship proof)
Last 3 months’ salary slips (for applicants whose income is considered)
Last 2 years Income Tax Return (ITR)
Form 16 of past 2 years
Last 1 year banking
Processing Fees & Charges 0.5% - 1.5%
Benefits
No guarantor required
Special offers are available for women applicants at a lower rate
Door step service
Part-payment available
Criteria
Age limit for self Employed individuals 21 to 65 years
Max Tenure 30 Years
Rate package Floating
Minimum salary 10000 p.m and minimum Business income 200000 p.a
Buying a house is dream for many and involves a lot of financial planning . ICICI Bank home loans makes it simpler for those who want to realize this dream. With our Express Home Loans platform you can now get digital sanction of your home loan at attractive rate of interest in just few simple steps.
Documents
Application form with photograph duly signed
Identity, residence and age proof
Last 6 months bank statements
Last 3 months Salary-slips
Processing fee cheque
Form 16/ Income Tax Returns
Proof of business existence
Business profile
Education qualification certificate and proof of business existence
Last 3 years Income Tax Returns with computation of Income
Last 3 years CA Certified/ Audited Balance Sheet and Profit & Loss Account
Processing Fees & Charges Processing fees 2999/-
Benefits
Online sanctioned in five simple steps
Benefit from low EMI’s with higher tenure
Enjoy faster loan disbursement in projects approved by us
Facility to check your home loan status on the go
Hassle-free disbursement with minimal documentation.
Choose your dream home from ICICI Banks approved projects at http://home.icicibank.com/home.
Criteria
Age Minimum: 21 years Maximum: 60 years
Minimum monthly income required 25000 and minimum business income 2 lakh p.a.
Many people today wish to own their dream homes in the cities of their choice. But it often happens that rising real-estate prices makes this dream a pipe dream. However, the scenario has changed today, with the availability of home loans at attractive interest rates and flexible EMI options. While there are many banks and Housing Finance Companies (HFCs) in the country that offer home loans, SBI Home Loans emerge as a clear winner due to the trust factor.
Documents
Duly filled in loan application form
Three passport-size photographs
Proof of Residence (one): Latest utility bill or copy of Aadhaar card, driving license, or passport Proof of identity (one): Voter ID card, PAN, driver's license, or passport
Employer identity card
Proof of income for salaried applicant/co-applicant:
Salary certificate or salary slips for the previous three months
Copy of IT Returns for the previous two financial years or
Copy of Form 16 for the previous two years
Proof of income for non-salaried applicant/co-applicant:
IT returns of the previous three years
Balance Sheet of the previous three years
Profit & Loss account of the previous three years
Details of business license or equivalent
Form 16A or TDS certificate, if applicable
For professionals: Certificate of qualification
Proof of business address
Account statement:
Bank account statements of the previous six months for all bank accounts held by applicant
Loan account statement of the previous one year if another loan is currently active
A home loan is financial aid sought by applicants who need to purchase, renovate or expand their homes. With this secured loan, the borrowers only have to pay a down payment while the remaining amount (upto 90%* on a loan amount lesser than Rs. 30 lakh) is covered by the lender. The total borrowed amount with interest is then repaid to the lender as monthly EMIs. With over 30 years of industry expertise and customer trust behind us, we offer home loans tailored to your budget and at low interest rates. Whether you are looking to buy a home, build one, or renovate one, PNB Housing’s efficient and easy housing loan can help you get there.
Documents
Age proof
Residence Address Proof
Education Qualifications
Income Proof which includes salary slips of last 3 months, Form 16 for last 2 years and latest 6 months bank statement
Income Proof pertaining to business and ITR, such as proof of business existence, last 3 years income tax returns, accountant-certified balance sheets, and last 12 months bank account statement
Other Documents related to the property such as title, approved plan, etc.
Processing Fees & Charges Processing fees 0.25%
Benefits
Attractive Interest Rate
Home Loan Product Bouquet
Home Loan up to 30-Year Tenure
Easy Finance
Low Processing Fee
Customer-Friendly Features & Convenience
Personalized Loan Eligibility Programs
Online Application Processing
Nationwide Presence
Loan Enhancement
Criteria
Applicants should be 21 years or above at the time of applying for a home loan. Age should not exceed 70 years at the time of home loan maturity.
Monthly income/salary should be INR 15,000 and above
Minimum 3+year’s experience / business continuity required.
A home loan is financial aid sought by applicants who need to purchase, renovate or expand their homes. With this secured loan, the borrowers only have to pay a down payment while the remaining amount (upto 90%* on a loan amount lesser than Rs. 30 lakh) is covered by the lender. The total borrowed amount with interest is then repaid to the lender as monthly EMIs. With over 30 years of industry expertise and customer trust behind us, we offer home loans tailored to your budget and at low interest rates. Whether you are looking to buy a home, build one, or renovate one, PNB Housing’s efficient and easy housing loan can help you get there.
Documents
Age proof
Residence Address Proof
Education Qualifications
Income Proof which includes salary slips of last 3 months, Form 16 for last 2 years and latest 6 months bank statement
Income Proof pertaining to business and ITR, such as proof of business existence, last 3 years income tax returns, accountant-certified balance sheets, and last 12 months bank account statement
Other Documents related to the property such as title, approved plan, etc.
Processing Fees & Charges Processing fees 0.25%
Benefits
Attractive Interest Rate
Home Loan Product Bouquet
Home Loan up to 30-Year Tenure
Easy Finance
Low Processing Fee
Customer-Friendly Features & Convenience
Personalized Loan Eligibility Programs
Online Application Processing
Nationwide Presence
Loan Enhancement
Criteria
Applicants should be 21 years or above at the time of applying for a home loan. Age should not exceed 70 years at the time of home loan maturity.
Monthly income/salary should be INR 15,000 and above
Minimum 3+year’s experience / business continuity required.
Advantages of using Arkfinanza
We let you apply for the loan in 3-simple steps
No piles of papers, 100% paperless process
We provide options to choose from various Banks/Finance Institutions
You get multiple offers to pick from so that you choose what suits you best
With just a click, you can choose your Bank/Financial Institution
You can apply online to the Bank/Financial Institution directly
