Housing Loan Details
Comprehensive information about our housing loan products, eligibility criteria, interest rates, and application requirements
Product Introduction
Our housing loan products are designed to make homeownership accessible and affordable for everyone. Whether you're purchasing a new home, buying a resale property, or constructing your dream house, we offer flexible financing solutions tailored to your needs.
With competitive interest rates, flexible repayment options, and quick processing, our housing loans help you achieve your homeownership dreams without financial stress. We understand that buying a home is one of life's most significant investments, and we're here to support you every step of the way.
Eligibility Criteria & Requirements
Check if you meet the eligibility criteria for our housing loan products
Age Requirements
Minimum age: 21 years
Maximum age at loan maturity: 65 years (salaried) / 70 years (self-employed)
Income Requirements
Minimum net monthly income: ₹25,000 for salaried individuals
Minimum annual income: ₹3 lakhs for self-employed
Employment Status
Salaried: Minimum 2 years of work experience
Self-employed: Minimum 3 years in business/profession
Credit Score
Minimum CIBIL score: 650
Good credit history with no defaults in the last 12 months
Property Requirements
Property should be in approved locations
Clear title and valid property documents required
Documentation
Valid identity proof, address proof, income documents, and property papers as per our checklist
Interest Rates & Fees
Transparent pricing with competitive rates and clear fee structure
Interest rates vary based on loan amount, tenure, credit profile, and property type
Fee Structure
Loan Amount & Tenure
Flexible loan amounts and repayment tenures to suit your financial capacity
Loan Amount
Loan amount is determined based on your income, property value, and eligibility. Typically, we offer up to 90% of the property value for new homes and up to 85% for resale properties.
Repayment Tenure
Choose a repayment tenure that fits your financial situation. Longer tenures result in lower EMIs but higher total interest, while shorter tenures mean higher EMIs but lower total interest.
Loan-to-Value Ratio
For resale properties, the LTV ratio is up to 85%. The remaining amount needs to be arranged as down payment from your own funds.
Required Documents
Complete checklist of documents needed for your housing loan application
Identity & Address Proof
- PAN Card (mandatory)
- Aadhaar Card
- Passport
- Voter ID Card
- Driving License
- Utility bills (for address proof)
Income Documents
- Last 3 months salary slips (for salaried)
- Form 16 or IT Returns (last 2 years)
- Bank statements (last 6 months)
- Employment certificate
- Business registration documents (for self-employed)
- Profit & Loss statement and Balance Sheet (for self-employed)
Property Documents
- Sale agreement or construction agreement
- Property registration documents
- Title deed and chain of documents
- NOC from builder/society (if applicable)
- Property tax receipts
- Valuation report (if required)
Photographs
- 2 recent passport-size photographs
- Property photographs (if applicable)
Note: Additional documents may be required based on your specific case. Our relationship manager will guide you through the complete documentation process. For detailed information, please visit our application process page.