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we provide the best deals on home loans from the widest network of Banks/NBFCs, at the lowest interest rates and a hassle-free process.

  • Home loan

    A home loan is a secured loan that allows you to avail high amounts of financing at low interest rates and a flexible repayment tenure of up to 30 years.

    It helps you own a house without having to sacrifice your savings or dip into your investments. A home loan can be availed by anyone looking for funds to buy a new house, construct, expand, repair or renovate a house.

  • Eligibility:

    Anyone, salaried professionals or self-employed individuals, are eligible to apply for a home loan. However, the criteria for eligibility can vary from one applicant to another.

    Age:

    21-65 years.

    Credit Score:

    Preferably 750 and above.

    Nationality:

    Indian Residents / Non Resident Indians (NRIs) / Persons of Indian Origin (PIOs)

    Employment Type:

    Salaried

    Self-Employed professionals

    Minimum Net Income (Monthly):

    At least ₹25,000. Banks generally keep the EMI to income ratio at 0.45 to 0.50.

    Tenure of the Loan:

    The longer the tenure you opt for, the higher is your home loan eligibility

    Loan Amount:

    Up to 90% of the property value, depending on your credit profile.

    Work Experience:

    Salaried Professionals must have been employed at their current workplace for at least 24 months.

    Self-employed Individuals should have had a business tenure of at least 3 years (continuous).

    Existing Loans

    In case you have any existing loans, then your loan eligibility amount will come down to keep the EMI to income ratio at around 0.50

  • Documents

    The actual list of documents varies from one bank/NBFC/HFC to another. That said, here’s a checklist of the most common documents that are expected from all of them.

    Proof of Identity:

    PAN Card / Voter ID / Aadhaar Card / Passport / Driving License

    Proof of Address:

    Bank Account Statement / Aadhaar Card / Lease Documents / Property Purchase Agreement / Utility Bill / Passport / Driving License

    Proof of Income:
    --For Salaried Professionals:

    Salary Slip / Bank Account Statement / Form 16

    --For Self Employed Individuals:

    ITR / P&L Statement and Balance Sheet / Bank Account Statement

    Proof of Business:

    Certificate of Practice / Partnership Deed / GST Registration and Filing Documents / MOA & AOA / Shop Act License

    Proof of Ownership/Property-related Documents:

    NOC from Society & Builder / Detailed Estimate of the Cost of Construction of the House / Registered Sale Deed / Allotment Letter / An Approved Copy of the Building Plan

  • Rate of interest

    The rate of interest for home loans differs from one bank to another. With interest rates starting as low as 6.65%. Other factors such as your Credit Score, tenure of the loan, quantum of the loan and your income also affect the overall interest rate.

    Check the list below to know the current rate of interest on home loans, offered by some of India’s leading banks and NBFCs.

  • Other details

    Every individual is eligible for a total tax deduction of up to ₹5 Lakhs, on the principal and interest components of their home loan under Section 80C, 24B and 80 EEA.

Check loan status, interest & Installment.

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Why choose us

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  • Easy to Understand Process

    Our Step completion process is very easy to understand and we collect only the required data from the customers.

  • Quick Loan Application In 10 Mins

    Through PrimeLoan's Quick Apply process, you can complete your loan application well under 10 mins

  • 40+ Banking Partners to Choose from

    PrimeLoan has partnered with 40+ leading banks and lending institutions to provide you the best loan offer with lowest possible interest rate.

  • Instant Loan Eligibility Check

    Know whether you are eligible for loan processing or not even before submitting your application, without any wait.

  • 100% Online Application Process

    Our loan application process is fully digital and secure, you don't have to make any physical visits to any banks.

  • No Annoying Phone Calls

    Know whether you are eligible for loan processing or not even before submitting your application, without any wait.

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