Housing Loan

House loan or home loan simply means a sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms. The property is mortgaged to the lender as a security till the repayment of the loan.
What is the minimum tenure of a housing loan?
This cycle is of minimum 10 years, in this manner, any extra weight like Home Loan EMI may affect your monetary objectives. In spite of the fact we can't take out a home loan for a long time as it is a long haul obligation.
Can a person take two housing loans?
There is no restriction on the number of home loans that a homebuyer can take like there is no restriction on the number of homes that one can buy. According to popular notion, one cannot take more than one home loan at a time but it is not so.

Loan limit

  • 75% of Plan estimate
  • Upto 50 lacs for individuals.
  • For repairs and mortgage loan up 5 lac.


  • 1. 3 to 7 years for plot purchase
  • 2. 7 to 10 years for constructions

No Of Guarantors

  • Two people and one of which Salary earner.


  • 25%


  • Register mortgage of Plot/House.


  • EverFor purchase of plot/flat one time after mortgage.
  • For construction in 3 installments as per work progress.

Interest Rate

  • Up to 70 lac is 9.50%


  • 1. 2 Photos of the applicant and all the guarantors.
  • 2. PAN card of the applicant and guarantor.
  • 3. Applicant's Tax Advisor / CA Certified / Audited Financial Statement / Form No. 16 for last three years
  • 4. Notarized certificate of bank in that place / area or notarized declaration regarding own loan.
  • 5. Valuation and Search Report.
  • 6. No Dues.