How to Apply for a Home Loan?
Are you looking for a home loan? Do you want to know the procedure of getting a home loan? If yes, then you have landed on the right space.
Are you looking for a home loan?
Do you want to know the procedure of getting a home loan?
If your answer is yes, then you have landed on the right space. No doubt you receive information from local newspapers, radio channels, advertisements, but unless and until you have complete information about what to do, where to go, how to apply; it will be difficult for you to proceed in the right direction.
To apply for a home loan, you need to establish your eligibility first in front of your desired lender. Whether you are resident or non-resident Indians, salaried or self-employed people, residing in Tier 1 or Tier 3 cities – you can apply for a home loan under different home loan schemes. Even co-applicants are acceptable in home loan cases. Generally, when your credit score is low, you need co-applicant for improving your credit score. This helps you to avail home loans with convenience.
Again, prior applying for a home loan, you need do the number crunching. Leverage Home Loan E.M.I Calculator and calculate your loan amount, tenure, E.M.I and do the planning accordingly. It will give you a fair idea of the entire home loan structure. This E.M.I home loan calculator will help you establish your eligibility for housing finance.
Once you have done the eligibility math, now it’s time to click on “Apply Now”. If you have some queries, you can request a callback action. The customer service representatives will assist you in the best possible manner. To avail credit, you need to get your documents arranged. You have to provide proof of identity/address, income proof, property papers and other documents. As identity proof, PAN Card, Voter Card, Aadhar Card or valid Passport is required. So far income proof is concerned, you need to provide last 2 months salary slip, last 6 months bank statement, latest form 16 or ITR.
Moving on with the other indispensable documents, you need to showcase chain of the property papers, buyer or seller agreement, allotment letter, a copy of payment receipt made to the builder or developer. The applicant needs to duly fill and sign the application form, give running loan documents and past 6 months repayment statements. In this information age, apply online as per your convenience and service will reach your doorstep.
We, IIFL Home Loans, are one of the leading housing finance companies of India. We provide New Home Loan, Home Extension or Improvement Loan, NRI Home Loan, Balance Transfer and Loan against Property at competitive interest rate. We are also known for our unparalleled customer services with quick turnaround time.
Disclaimer: The information contained in this post is for general information purposes only. IIFL Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the contents of this post and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment etc. suffered by any reader. All information in this post is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results etc. obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. Given the changing nature of laws, rules and regulations, there may be delays, omissions or inaccuracies in the information contained in this post. The information on this post is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other agency or organization. This post may also contain links to external websites that are not provided or maintained by or in any way affiliated with the Company and the Company does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. Any/ all (Gold/ Personal/ Business) loan product specifications and information that maybe stated in this post are subject to change from time to time, readers are advised to reach out to the Company for current specifications of the said (Gold/ Personal/ Business) loan.