top of page

Home Loan

Person handing over home keys with home keychain

Introduction

A Home Loan is the biggest financial commitment most of us will make, so it is important to understand what loans are on offer and find one that meets your needs.

 

Home Loan is for buying new House or Self Constructing Row House at most economical and competitive Rate of Interest with maximum funding up to 95% of Agreement Value.

Comprehensive Home Loan Benefits

01

Home Purchase Loan

​

  • Avail a home loan to buy a new house from a Developer, Resale, or Development Authorities like MHADA, CIDCO, SRA.

  • Maximum loan amount up to 95% of the agreement value.

02

Home Construction Loan
​
  • Avail a home loan to construct a row house or bungalow on a plot.

03

Long Repayment Tenure

​

  • Home loans come with longer repayment tenures, up to 25-30 years, unlike other loans.

​

 

04

Lower Rate of Interest​

​

  • Home loan interest rates are much lower compared to other available loans.

05

Due Diligence of Property​

​

  • Banks conduct thorough legal and technical checks on the property when you go through a bank loan for purchase.

06

No Prepayment Penalty

​

  • With a floating rate home loan, you can make prepayments without incurring a penalty, allowing you to close the loan earlier than the set tenure.

07

Tax Benefits

​

  • Income tax deductions on interest and principal repayments.

  • Claim up to Rs 1.50 lakh on principal repayments under section 80C.

  • Claim up to Rs 2 lakh on interest repayments under section 24B.

Need more details? Contact us

We are here to assist. Contact us by phone, email or via our social media channels.

bottom of page