A home loan is an amount of money that an individual (borrower) borrows from a bank or financial company or money lending company at a certain rate of Intrest to be paid on EMI based every month. In order to sanction loan, the lending company or financial company takes the Individual’s property as a security purpose. The property can be either commercial or personal in nature. In a home mortgage (home loans), the borrower ( the individual who are getting the loan from the lender) transfers the title to the lender on the condition that the title will be given back to the owner once the payment has been made and all other terms of the mortgage have been met. When the borrower cannot pay the dues, the lender possesses all the legal rights to recover the pending loan amount by sale of the property.
Goloanz is one of the reputed financial solutions that facilitates at the lowest rate in India with added features like an additional top-up loan, doorstep service and our latest offering. Either you’re looking to purchase your first home, or you want to build your own house, or if you just want to renovate your current home, our wide range of home loan offerings compliment all your requirements. You can also reduce your home loan EMIs by transferring your existing home loan to us at the lowest rate of interest in India, plus a top-up loan up to 50% of your sanctioned home loan amount.
Want home loans at best Interest rate? Apply today via our application form and Home and get instant approval on your Home Loan.
Have a look at the types, benefits, and features of our Home Loans:
Types of Home Loans:
Home Purchase Loan: This is a type of loan that individual takes for purchasing a home.
Home Improvement Loan: This loans coverage the expenditures related to repairs of your home or renovation.
Home Construction Loan:This loan coverage the expenditures related to the construction of your new house.
Land Purchase Loan:The individuals can avail this loan if you are wishing to buy a plot of land for construction of your own house.
Home Extension Loan: This loan comes effectively into the play when you have a plan to add another room, garage or kitchen to your existing home. Also, it comes in handy if you are planning to have another floor.
Joint Home Loan:This loan allows two or more people jointly to take a home loan. Say, for example, the spouses can apply for joint home loans.
Home Loan Balance Transfer:If you want to switch your outstanding loan amount to a different lender who provides better terms & lower interest than your existing lender.
Top Up Home Loan:
This kind of loan helps you borrow some more money above the existing loan amount.
Flexi Hybrid Home Loan
This type of Home Loan helps you manage your finances better. You have to pay just interest as EMI for the Initial tenor and pay principal & Interest on amount utilized.
Pradhan Mantri Awas Yojna (PMAY)
With this PMAY scheme, home loans come with more affordable rates. This means you can reduce your Home Laon EMIs with PMAY, by getting a Home Loan with Interest rate of 6.93%*, and that you can save up to 2.67 lakh on Interest.As PMAY providesbassistance for first-time homeowners, you can get a Home Loan under PMAY even if your parents own a home, and thus have the chance to become a homeowner yourself.
Balance Transfer Facility
This facility is home loans allows you to refinance your existing home loan with minimal documentation and faster processing. This way you can transfer your existing home loan and get a top-up loan at a nominal interest rate.
This Top-up-Loan allows you to finance your other requirements without any extra documentation, at the nominal rate of Interest.
A customized report to assist property owner (borrower of money) through all the legal & financial aspects.
Part-prepayment and Foreclosure Facility
No charges on part-prepayment or foreclosure to make the loan affordable
We facilitate flexible tenors to fit your repayment capacity.
With flexible eligibility criteria and minimal documentation, will help you get your loan faster.
Customized Insurance Schemes
We offer customized insurance schemes to ease your burden of repaying the housing loan in case of unforeseen events
Key Features :
Eligibility: Eligible Age group between 18 and 70 years and the loan can be available for both salaried and self-employed borrowers.
Security: Property of home you are planning to purchase, renovate or construct.
Loan Amount: In the range of Rs. 1 Lakh to Rs. 15 Cr.
Loan to Property Value Ratio: 65% to 90%.
Loan Tenure: Ranges from 5 to 30 years.
Interest rates: Home loan Interest Rates embarking from 8.55%. Special rates for women borrowers.
Lowest EMI: Lowest EMI of Rs. 772 per lakh.
Processing Fees: 1% of loan amount or Rs. 10,000 Maximum.
Check Prepayment Rules
Other Charges: Other charges may be encountered are Legal charges, technical charges etc.
Dossier required for Home Loan approval: Address Proof, Identity Proof, Income Documents, Property Documents.
Some of the Top Home Loan Providers: ICICI Bank, HDFC Bank, Axis Bank, HDFC, PNB Housing, DHFL, Indiabulls Home Finance, Banks and Home loan companies such as SBI,
Popular Home Loan: A Special scheme for the special category of borrower such as women borrowers, senior citizens, NRIs etc. Some of the popular home loan schemes are Axis Bank 12 EMIs offer, SBI special rates for women, HDFC Reach Bank of Baroda pre-approved loans, Indiabulls e-home loans etc.
Best Bank for Home Loan
We help you with a customized home loan from the top banks. We do a detailed comparison of all banks and housing loan companies on the attributes like interest rates, fees, repayment charges and more such that to help our customers with a privileged home loan service.