You can now make your dream home a reality, with home loans in India. All top financial organizations provide their customers with the facility of borrowing home loans.
So, what is home loan? A home loan or housing loan, also known as home finance or housing finance is a secured type of loan borrowed for property purchase. The purchased property itself is provided as the housing loan collateral. Home buyers apply for home loan to mainly ease their financial burden, and online home loan process has made it convenient for all.
Despite the fact that home loans are now a commonplace service at all established financial institutions, it is crucial to conduct a thorough research before you apply for home loan. Understand the benefits, rate of interest and other important fees before starting the process. All these things have a long-term impact on your overall repayment schedule.
Getting adequate home loans in India is a challenging process. That’s why, to be able to get a great home loan deal, you need to first understand the home loan benefits. It will also help you understand what to expect from your home loan.
Projeevan offers an online home loan with low-interest rates. Moreover, Apply for a Projeevan home loan online or by visiting your nearest branch.
Key benefits of the online home loan from Projeevan Services:
With Projeevan housing finance, enjoy minimum processing fee.
Projeevan home finance is quick and easy, all thanks to our minimal documentation.
Enjoy doorstep services with Projeevan house loan.
Affordable home loan insurance premiums is another great advantage.
Interest rate is important when you apply for home loans in India. Your home loan interest rate can affect the overall EMI that you have to pay. So, it is advisable to keep it in mind whenever you are applying for a housing loan. With Projeevan house loan you can get an attractive interest rate starting at 8.30%. Here’s more:
| PRODUCT | APPLICANT | RATE OF INTEREST |
|---|---|---|
Home Loan |
Salaried |
8.65% - 9.35% p.a. |
Self-employed |
8.75% - 9.45% p.a. |
|
Home Loan Balance Transfer |
Salaried |
8.65% onwards |
Self-employed |
8.75% onwards |
To know what interest rate you have to pay on your home loan, you can refer to our home loan EMI calculator.
Before applying for a home loan, make sure you check your home loan eligibility. Once you fit the house loan criteria, it is easier for you to avail of a home loan. Projeevan has a simple house loan requirement for its borrowers. Take a look.
| Criteria |
Salaried |
Self-Employed |
|---|---|---|
Age |
18-60 years |
18-65 years |
Minimum Income |
Residents of Delhi, Chennai, Bangalore, Mumbai, Pune: Rs. 20,000/month |
Residents of Delhi, Chennai, Bangalore, Mumbai, Pune: Rs.240000/- p.a. |
Minimum Qualification |
Bachelor’s Degree |
NA |
Documentation is an important aspect when it comes to home loans. A simple and minimal home loan documentation process at Projeevan makes it convenient for borrowers to apply for home loan. Take a look at this quick documents list for a house loan in India:
