HOME LOAN
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What is Home Loan?

The loan was obtained by providing a home equity loan to acquire real estate for purchase. Mortgages provide high-quality loans at low prices for a long period of time. They are being pressured by EMI. Compensation is the transfer of property rights to the loan. This can help you finance your dream home. Mortgage eligibility criteria are between the ages of 21 and 65 for working adults. The age limit for automatic use is from 21 to 65 years old. Minimum Salary: Rs.10,000 p.m. Minimum operating profit: Rs.2 lac p.a.

Purpose of Taking Home Loan

Home Renovation:
Make your home more beautiful by renovation your dream home.

Home Buying:
Buy your dream house or home that is within your budget.

Home Extension:
Increase the amount of build-up space at your home using this loan.

Benefits of taking Home Loan


Tax Incentives: Mortgage loans are part of Section 80C of the Income Tax Act. According to this article, a natural person is entitled to a tax credit for the principal component of a mortgage payment. Tax credits under section 80C can be claimed up to a maximum of INR 1,500,000.

Low Interest Rates: Get the highest mortgage interest rates starting at 6.40% per annum. With a minimum application fee of 0.25% of the loan amount.

Capital Growth: Capital Growth refers to the portion of an investment where the increase in market value exceeds the purchase price or original purchase price of the investment. Increases in capital can occur in different markets and asset classes for a variety of reasons.

Buying a Home VS Renting a House


It's better to own one if you can afford it, this time it's perfect. You cannot get a good house for less than Rs. Even after paying 15-20,000 on a good lease and renting for 20-30 years, there is no house I can call my own. But when you buy a mortgage, you own the house. Rental costs are very predictable. Knowing your costs in advance allows you to understand them. On the other hand, those who find there a luxurious way of life
While buying real estate requires regular repairs and maintenance, renting is more expensive than owning a home.

How to get a Home Loan?

Complete the necessary elements on the loan application form and attach the documents.
pay the processing fee.
bank discussion.
Document evaluation.
approval procedure.
Offer letter process.
Legal controls follow the document possession process.

Requirements for Home Loan

  • A duly signed application form with a photo.
  • Proof of address and age.
  • Signed for the last 6 months.
  • Salary slips for the past 3 months.
  • Fee management
  • Form 16 / Tax Return.
  • Proof of company existence.
  • Company Profile.

What is a Mortgage?


Mortgage is the transfer of an interest in specific immovable property for the purpose of security, the payment of money advanced or to be advanced by way of loan, an existing or future debt, or the performance of an engagement which may give rise to a pecuniary liability.

What is Mortgagor?


A mortgage is someone who borrows money from a lender to buy a house or other property of value. Mortgages can be obtained with different terms depending on your credit profile and collateral. In a mortgage, the mortgagee must attach the title to the property as security for the loan.

What is a Mortgagee?


A mortgage is a lender. More specifically, an entity that lends money to borrowers to purchase real estate. In a mortgage transaction, the lender takes care of the mortgage and the borrower is known as the mortgagee.

What is Mortgage-Deed?


The translator is called the mortgage and the transfer is called the mortgage. The advance and the usufructuary whose income is insured is called a mortgage, and the way in which the transmission is made is called a mortgage Deed.

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