Security of the home loan would generally be mortgage of the property that is financed by us and / or any other collateral / interim security as may be required by us. It is extremely important for you to ensure that the title to the property is clear, marketable and free from encumbrance. There should not be any existing mortgage, loan or litigation, which is likely to adversely affect the title to the property.

Your own contribution is the difference between the total value of the home less the home loan you have availed. It is in effect what you pay from your pocket to buy the house.

When you take a home loan to buy real estate in an under construction property, we will disburse payments towards its purchase in installments, based on our assessment of the progress of construction, but not necessarily as per the developer’s agreement. We advise you in your own interest to enter into an agreement with the developer wherein your payments are linked to the construction work and not pre-defined on a time-based schedule.

You can access the online home loan application by clicking here. Our documentation is simple and we offer instant sanction for home loans. You can also call us on our Helpline Number : 1860-267-3000 for assistance.

It is not mandatory to have a co-applicant but having a co-applicant will increase your eligibility and your chances of getting the home loan sanctioned. If you are an individual, your parents, your spouse or even your major children can be your co-applicant. A co-owner of your property has to be a co-applicant but a co-applicant need not be a co-owner. Non Individual organizations like a partnership firm, an LLP, and a private limited company can also be a co-applicant.