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Visit CRDTLIN Capital and make your homeownership journey stress-free. We understand the importance of finding the perfect home, and we're here to make your dream a reality.
- Get quick approvals for your dream home. We understand the urgency and ensure a hassle-free process.
- Benefit from competitive and transparent interest rates tailored to your financial situation, with flexible terms that fit your life.
- Our straightforward and convenient application process makes securing a Home Loan easy.
Home Loan
What is a Home Loan?
A home loan, also known as a mortgage, is a way to get money from a bank so you can buy a house. You fill out an application to ask for the loan, and the bank looks at your finances to decide if they'll give you the money. If they say yes, you agree to pay back the loan, plus extra money called interest, over some time.
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Eligibility Criteria for Home Loan
Eligibility
To be eligible for a home loan, you typically need a steady income, a good credit score, and stable employment. Lenders consider factors such as your ability to make a down payment, your debt-to-income ratio, and the property details. Age, documentation, and having a co-applicant can also impact eligibility. Criteria may vary among lenders, so it’s important to check specific requirements before applying.
Work Experience
When applying for a home loan, your work history matters. Lenders like to see a stable job, a regular income, and may ask about any job gaps. If you’re self-employed, they check your business finances. Bonuses and career growth are good, and the type of industry you work in also matters. Be honest about your work situation, and it’s smart to talk to a mortgage advisor for guidance.
Credit Score
Above 750
Minimum Age
18 years with some lenders setting the minimum age of 21 years
Maximum Age
Usually 70 years at the time of loan maturity with some lenders extending the tenure till 75 years of age
Work Experience
(For Salaried)
At least 2 years
Business Continuity
(For self-employed)
At least 3 years
Loan Amount
Up to 90% of property value
Document Required
When applying for a home loan, gather essential documents like proof of identity, income details, property documents, and bank statements. Ensure a good credit score, provide legal paperwork, and be ready for property appraisal.
Proof of Identity
- Copy of any one (PAN Card, Passport, Aadhaar Card, Voter’s ID Card, and Driving License)
Age Proof Documents
- Copy of any one (Aadhaar Card, PAN Card, Passport, Birth Certificate, 10th Class Mark-sheet, Bank Passbook, and Driving License)
Proof of Income
For Salaried Professionals:
- Copy of Form 16 / Latest Payslips / IT returns (ITR) of past 3 years / Investment Proofs (if any)
Proof of Address
- Copy of anyone (Bank Passbook, Voter’s ID, Ration Card. Passport, Utility Bills (Telephone Bill, Electricity Bill, Water Bill, Gas Bill) and LIC Policy Receipt
Property-related Documents
- NOC from Society/Builder, detailed estimate of the cost of construction of the house, registered sale deed, allotment letter, and an approved copy of the building plan.
For Self Employed Individuals:
- Business License Details / Business License Details / ITR of last 3 years / Balance Sheet and Profit & Loss Account Statement of the Company/Firm
Why Choose Us
We Provide Home Loan with
Transparency
Our experienced team ensures quick approvals, a customer-centric approach, and flexible repayment options. Trust in seasoned professionals to guide you through the journey of homeownership.
Lowest Rates Guaranteed
Benefit from our home loans with the most competitive interest rates, saving you money over the life of your loan.
Tailored for You
Enjoy flexibility with personalized repayment plans designed to fit your unique financial situation and preferences
Effortless Process
Our transparent and streamlined application process ensures a quick and hassle-free path to securing your home loan.
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To get a personal loan, fill out the below from and get the amount in account.
FAQ
You Can Find All Answers Here
Approval times differ among lenders. Some online lenders offer quick approval decisions, often within a day, while traditional banks may take longer. Having all necessary documentation ready can expedite the process.
Some lenders specialize in providing personal loans to individuals with less-than-perfect credit. However, the interest rates may be higher, and the loan terms less favorable. It's essential to compare options and consider improving your credit before applying.
If you anticipate difficulty making a payment, it's essential to contact your lender immediately. Some lenders offer options such as loan modification or deferment. Failure to communicate with your lender may result in late fees or damage to your credit score.