Numaish Road, Bharatpur | 321001 10:00 AM - 5:00 PM

info@indoliyaassociates.com +91 07665900665 | +91 07665900666

Attractive Interest Rates

Minimal Documentation

Features and Benefits of our Home Loan

A vast array of institutions offer you the best home loan rates at the most competitive rates and affordable EMIs.

Home Construction Loan: If you have a plot of land and lack financial support to construct a home on that piece of property, you may choose a house construction loan. Such borrowing is mainly made to construct or repair a major part of your home.

Home Extension Loan: Should you already own a home, and feel the need to extend the building, add an annexe, or build another floor, etc., Home Extension Loan is your go-to option that finances such needs.

Home Improvement Loan: All of us wish to improve and upgrade our homes for a better life. From your old-age furniture, fixtures to faulty lightning systems, Home Improvement Loan funds all your plans.

NRI Home Loan: If you are a patriot, a Non-Resident Indian, and wish to own residential property in India, NRI Home Loan is your answer. Though the formalities for application may be a little different.

Home Loan Eligibility Criteria

To qualify for a personal loan, you have to meet certain criteria. Below are the important factors that lenders take into consideration to decide your eligibility for a personal loan.

You must be above 21 years of age at the time of the commencing of your loan, and up to 65 years or less at loan maturity

Net monthly income should be 16,700/- for salaried and self-employed

Credit score must be above 650

Debt-to-income ratio

Employment stability

Maintained a good credit score

Clear repayment history

Must be a Resident Citizen of India

Documents required to apply for Home Loan

Identity Proof – Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card

Income Proof – 1 year Bank statement, 3 months Salary Slips

Employment Proof – Employment Certificate, Office address proof

Registration Certificate - GST or VAT Registration for Self-employed

Photograph – Passport-size photographs

Business proof – Business registration documents such as a partnership deed, Memorandum of Association (MOA), Articles of Association (AOA), etc.

Income tax returns – Documents of the past 2-3 years to verify income and tax payment history

Frequently Asked Questions

What happen if I miss an EMI payment?

Missing an EMI payment can result in penalties, increased interest costs, and negatively impact your credit score. It’s crucial to communicate with your lender if you anticipate payment difficulties

What is a loan tenure or term?

Loan tenure refers to the length of time over which you’ll repay your home loan. It can vary but is usually 15, 20, or 30 years. Longer tenures result in lower monthly payments but higher overall interest costs.

How do I qualify for a home loan?

Qualification criteria can vary among lenders, but factors such as your credit score, income, employment history, and the property’s value are commonly considered when determining eligibility.

What is a home loan?

A home loan, is a loan provided by a financial institution to help you purchase or refinance a home. It is typically repaid in monthly installments over a specified term.