LOAN PROCEDURE

We are committed to helping our clients in buying their dream house. Our constant aim is to build a well-organized financing structure and efficient channels so that housing finance facility can be availed at reasonable rates. We are very proud to declare that we have served thousands of happy households by providing excellent customer centric and tailor made financial solutions. We consider every assignment as our dream house and ensure that the entire process is a happy experience for our customers. We are devoted to offer best in class home loans that have very competitive features. Every home loan is a very personalized requirement of the buyer. Hence we make efforts to understand minutest details and requirements of the buyers.


Step Loan Application Process

  • Step1:

    Requirement collection by our team. Our team works towards making the process as convenient as possible for our clients. We do minute analysis of requirements of our clients’ needs

  • Step:2

    Verification and examination of property documents and analysis of eligibility criteria. Financial assets and liabilities and other details of the clients are gathered to decide their eligibility criteria and authenticity. The documents related to income, age proof, address proof may be required at this stage.

  • Step3:

    Discussion of solutions with the client about the apt home loan as per their requirements and expectations. Bank provides loam amount based on an individual’s income and property value. Generally this amount is 50-60% of an individual’s income or in proportion to property value

  • Step4:

    Process for applying home loan. After evaluating the interest rates, application charges, process fee, legal charges and other charges home loans are compared. After selection of the home loan the process is initiated.


Benefits and exemptions under housing loan

  • Section 24 of the Income Tax Act

    Interest paid on capital borrowed for the acquisition, construction, repair, renewal or reconstruction of property is entitled to a deduction. Rs 2,00,000 is the maximum amount eligible for deduction in the case of self-occupied property and for rented out property there is no limit of amount of deduction.

  • Section 80C of the Income Tax Act.

    You can get a maximum Rs.1,50,000 deduction from the Income, on repayment of principal during a financial year. Stamp duty, registration fee or other such expenses paid for the purpose of transfer of such house property to the assesse is also considered under this amount

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