Retail Loans

Home Loan

1. Basic Eligibility

Typically between 21 to 65 years (at the time of loan maturity)

Indian citizen residing in India

Stable income source (salary, business income, etc.)

Good credit history (CIBIL score of 750+ preferred)

2. Types of Home Loans

Typically between 21 to 65 years (at the time of loan maturity)

Used to build a house on a plot of land you own

Used to renovate or extend an existing home

Used to purchase a plot of land

Short-term loan to bridge the gap between selling an existing property and
buying a new one

Used to buy agricultural or non-agricultural land

3. Key Factors of a Home Loan

Typically, a 20% down payment is required for a home loan in India.
However, this can fluctuate based on factors like the lender, property value, and your
creditworthiness. Some lenders might ask for more or less than 20%.

Interest rates on loans vary depending on the lender, your creditworthiness,
and market conditions. They typically range from 8-10% per annum and can be fixed or
floating.

The property you’re purchasing serves as collateral for the loan, meaning the
lender can repossess the property if you default on the loan.

Period: Home loan tenures can range from 5 to 30 years. While longer terms
result in lower monthly payments, they also lead to higher total interest paid over the life of
the loan.
Shashwaat Consultants can provide expert guidance and customized solutions to help you
secure the best home loan.

Home Loan

1. Basic Eligibility

Age

Typically between 21 to 65 years (at the time of loan maturity)

Nationality

Indian citizen residing in India

Income

Stable income source (salary, business income, etc.)

Credit Score

Good credit history (CIBIL score of 750+ preferred)

2. Types of Home Loans

  • Age:

Typically between 21 to 65 years (at the time of loan maturity).

  • Nationality:

Indian citizen residing in India.

  • Income:

Stable income source (salary, business income, etc.).

  • Credit Score:

Good credit history (CIBIL score of 750+ preferred)

  • Home Purchase Loan:

Used to buy a ready-to-move-in property.

  • Home Construction Loan:

Used to build a house on a plot of land you own.

  • Home Improvement Loan:

Used to renovate or extend an existing home.

  • Plot Loan:

Used to purchase a plot of land.

  • Bridge Loan:

Short-term loan to bridge the gap between selling an existing property and
buying a new one.

  • Land Purchase Loan:

Used to buy agricultural or non-agricultural land

  • Margin Money:

Typically, a 20% down payment is required for a home loan in India.
However, this can fluctuate based on factors like the lender, property value, and your
creditworthiness. Some lenders might ask for more or less than 20%.

  • Interest Rate:

Interest rates on loans vary depending on the lender, your creditworthiness,
and market conditions. They typically range from 8-10% per annum and can be fixed or
floating.

  • Collateral:

The property you’re purchasing serves as collateral for the loan, meaning the
lender can repossess the property if you default on the loan.

  • Repayment Period:

Home loan tenures can range from 5 to 30 years. While longer terms
result in lower monthly payments, they also lead to higher total interest paid over the life of
the loan.

Shashwaat Consultants can provide expert guidance and customized solutions to help you
secure the best home loan.

Typically, a 20% down payment is required for a home loan in India. However, this can fluctuate based on factors like the lender, property value, and your creditworthiness. Some lenders might ask for more or less than 20%.

Interest rates on loans vary depending on the lender, your creditworthiness, and market conditions. They typically range from 8-10% per annum and can be fixed or floating.

The property you’re purchasing serves as collateral for the loan, meaning the lender can repossess the property if you default on the loan.

Home loan tenures can range from 5 to 30 years. While longer terms result in lower monthly payments, they also lead to higher total interest paid over the life of the loan. Shashwaat Consultants can provide expert guidance and customized solutions to help you secure the best home loan.

3. Key Factors of a Home Loan

Typically, a 20% down payment is required for a home loan in India. However, this can fluctuate based on factors like the lender, property value, and your creditworthiness. Some lenders might ask for more or less than 20%.

Interest rates on loans vary depending on the lender, your creditworthiness, and market conditions. They typically range from 8-10% per annum and can be fixed or floating.

The property you're purchasing serves as collateral for the loan, meaning the lender can repossess the property if you default on the loan.

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