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Easy to apply for a loan with us, Once you have complete this form.
WHAT IS A HOME LOAN?
Imagine walking into your dream home for the first time. Warm walls, echoes of laughter in every corner, and a sense of security that surrounds you. Home loans symbolize hope. In those walls, we envision a better future. Our aspirations are reflected in it, and it is an investment in our happiness.
Basically, a Home Loan can be provided by banks that offer housing loans where you borrow money to purchase the house of your choice and repay the loan in monthly installments. A loan can cover 80%-90% of a house’s market value. Until the loan is repaid in full, the lender will hold the house.
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Why Choose Loan2cart for Your Home Loan?
The question is, how do we go about it?
We make it easy for you!
- Loan Application: Fill out the online application. Provide accurate information about the property you intend to purchase, your financial details, and your personal information.
- Get a Callback: You will shortly receive a call-back from our loan executive for a FREE discovery session!
- Document Submission: Documents such as income verification, bank statements, tax returns, and identification must be provided. We will guide you on the specific documents you'll need.
- Loan Processing: Your application and documentation will be reviewed and verified by our dedicated team.
What is the eligibility criteria for applying for a home loan?
Min. age is 21 years old & maximum is 70 years!
Income should be more than 25,000
You should be an Indian citizen
Credit score must be 750 & above
FAQs
Lenders evaluate various factors to determine your eligibility for a home loan, including
your credit score, income, employment history, existing debts, and the value of the
property you wish to purchase. These factors help lenders assess your ability to repay
the loan.
The down payment requirement can vary depending on the lender and the loan
program. In general, a down payment of 20% of the property's purchase price is often
recommended to avoid private mortgage insurance (PMI). However, there are loan
programs available that offer lower down payment options, such as FHA loans with a
down payment as low as 3.5%.
Even with a lower credit score, you can still qualify for a home loan and secure better
interest rates. Loan programs designed specifically for people with less-than-perfect
credit are available from some lenders. These loans may, however, come with higher
interest rates or require a larger down payment.
Yes, many home loans allow for early repayment without any penalties. In order to
understand the terms and conditions of prepayment, you should review your loan
agreement and speak with your loan executive.
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