Service Details

Name of the Services	Home Loan
Additional Information	—
Required Documents	For Salaried Individuals: PAN Card & Aadhaar Card Salary Slips (last 3–6 months) Bank Statements (last 6 months) Form 16 or Income Tax Returns Property Documents For Self-Employed: PAN Card & Aadhaar Card ITR for last 2–3 years Profit & Loss Statement Bank Statements (last 6 months) Business Registration Certificate Property Documents
Upload Documents	Upload Required Documents to get service. Please upload documents in a ZIP File in case of more than one document

Description

Home Loan – Turn Your Dream Home into Reality

Meta Title: Home Loan in India – Apply Online, Process, Eligibility, EMI
Meta Description: Looking for a home loan? Learn about the home loan process, eligibility, documents required, and how to apply online. Affordable EMI and quick disbursal.

What is a Home Loan?

A Home Loan is a financial product that helps you purchase or construct a house even if you don’t have the full amount upfront. The lender provides a lump sum loan, which is repaid through EMIs (Equated Monthly Installments) over a fixed tenure along with interest.

Whether you’re a first-time homebuyer or looking to invest in property, a home loan brings your vision to life.

Home Loan Process – Step by Step

Here’s how you can get a home loan in India:

Loan Application

Apply online or visit a bank/loan agency. Submit your KYC and financial documents.

Loan Sanction

Based on your income, credit score, and financial history, the lender sanctions a loan amount.

Property Verification

Submit property documents for legal and technical verification by the bank.

Approval & Disbursal

Once all checks are completed, the loan is approved, and the funds are disbursed either to your account or directly to the property seller.

Home Loan Eligibility Criteria

Lenders consider several factors to evaluate your eligibility:

Factor	Details
Income	Stable and sufficient income across all applicants
Age	Generally between 21 and 65 years
Credit Score	Minimum 700 preferred
Employment Type	Salaried or self-employed
Financial Obligations	Current liabilities, EMIs, and dependents
Property Legality	Clear title, non-disputed, with valid approvals

Documents Required

For Salaried Individuals:

PAN Card & Aadhaar Card
Salary Slips (last 3–6 months)
Bank Statements (last 6 months)
Form 16 or Income Tax Returns
Property Documents

For Self-Employed:

PAN Card & Aadhaar Card
ITR for last 2–3 years
Profit & Loss Statement
Bank Statements (last 6 months)
Business Registration Certificate
Property Documents

Key Benefits of Home Loan

Feature	Advantage
Loan Amount	Up to 90% of the property’s value
Tenure	Up to 30 years
Interest Rates	Starting from 8.5% p.a. (subject to credit profile)
Tax Benefits	Under Section 80C & 24(b) of the IT Act
Balance Transfer Option	Lower your EMI by switching lenders
Prepayment/Foreclosure	Allowed (subject to terms; usually no penalty)