Home loan is a secured loan offer to individuals who wish to purchase or construct a residential/ commercial property. Borrower can also get a home loan to buy a plot or construction on it. Lenders mortgage the property as a security till the repaymemt of the loan.Financial institution will hold the title or deed of the property till the loan has been paid back with the interest due for it. Lenders provide 75%-90% of market value of the property depending on loan amount. Banks provide 20-30 years tenure on Home loan and are repaid in EMIs spread over a fixed term. Age of the borrower will determine home loan tenure. Home loans are classified into two categories based on fixed or floating rate of interest. Pre payment and part payment charge varies bank to bank depending upon nature of loan.
Loan Mudra is a leading Home Loan Services provider company based in Delhi NCR. We assist in offering the best deal for Home Loan services with minimum interest rate. Our Team of experienced and qualified advisors helps you to know about all plans and offers for home loan.We have associated with reputed Government and Private Sector banks for Home Loan Services. We give you the best analytical recommendations as per banks current terms & conditions as well as we try our level best to get avail you Home Loan.
Required Documents :-
Salaried | Self Employed Businessman | Self Employed Professionals |
Signed Application form with photograph | Signed Application form with photograph | Signed Application form with photograph |
Identity Proof (PAN Card, Voter Card, Passport, UID etc) |
Identity Proof (PAN Card, Voter Card, Passport, UID etc) |
Identity Proof (PAN Card, Voter Card, Passport, UID etc) |
Residence Proof (Voter Card, Passport, UID, Utility Bill) |
Residence and Office Address Proof | Residence and Office Address Proof |
Latest 3 months Salary Slip | Last 3 yrs I.T.R. with Computation of Income, Balance Sheet and Profit & Loss Account (Self + Business) | Last 3 yrs I.T.R. with Computation of Income, Balance sheet and Profit & Loss Account (Self+Business) |
Last 2 yrs Form-16 | Business Profile, Business Existence Proof, Educational Degree | Business Profile, Business Existence Proof, Educational Degree |
Last 6 months Bank statement Salary Account | Last 1 yr Bank statement ( Self + Business ) | Last 1 yr Bank statement ( Self + Business ) |
Other Loan Obligation Proof | Other Loan Obligation Proof | Other Loan Obligation Proof |
Admin Fee Charges | Admin Fee Charges | Admin Fee Charges |
Property Papers Photocopy | Property Papers Photocopy | Property Papers Photocopy |