A. A person in the age group of 18 to 55 including Non Residents Indians (NRIs) can avail home loan: a)if they are salaried individuals with minimum service of 3 years and b)individuals engaged in business & self employed like Doctors, CAs etc. Further, the bank will check your eligibility in terms of your Income, Income tax return, repayment of past loans, assets & liabilities etc. Further, the loan will be sanctioned for 80% of the market value of the property given it has an approved map and registered.
A. The tenure ranges from 10 years to 30 years
A. The home loan is sanctioned for the following purposes:For construction of house/flat
A. From the day of submitting your complete documents to our executive to loan disbursement by bank, it will take around 7 to 15 days.
A. Yes you can prepay your home loan with no charges applicable in case your loan is on floating interest rate; however some charges may apply in case your loan is on a fixed rate of interest which varies across the banks.
A. The EMI will start from the next month of loan disbursal. For example, if your loan gets disbursed on 1st May, then your EMI will start from 1st June. Further, after six months of payment of EMI you can take top up on your home loan.