HOME LOAN
Buy your dream home with an affordable home loan

Getting a home loan to buy your own house is one of the most important financial decisions in your life. You can get a home loan from two types of lenders in India – the housing finance companies such as LIC Housing Finance Ltd., DHFL, and commercial banks like SBI or HDFC. However, most of the lenders provide 80% of the cost of the property. The remaining 20% needs to be paid as a down-payment by the borrower.

Features & Benefits

Avail Tax benefits on Loans

Enjoy tax benefit of upto Rs 2 lakh on the Interest Amount and upto Rs 1.5 lakh on the Principal Amount under section 24 and section 80C respectively, of the Income Tax Act.

Improve your credit score

If you pay your EMI on time every month, then you will see an increase in your credit score within a year itself.

Benefit from Lower Interest Rates

With RBI’s recent rate cuts by 0.25%, home loans have become cheaper. New home loan borrowers can enjoy a greater advantage of lower interest rate.

Great Investments

Investing in properties has a great potential as the value of a property only increases over the long-term period. Buying a home is like an investment to increase your profits over time.

Joint Home Loan Advantages

Applying for a home loan with an earning co-applicant helps in increasing your home loan eligibility. If your co-signer is a woman, you can enjoy

Quick and Easy Application

By using an easy and seamless online application process as offered by Afinoz.com, you can apply for a home loan with minimum paperwork and get the approval in no time.

Eligibility & Documents Required

Eligibility Required

An applicant needs to fulfil eligibility criteria to qualify for a home loan. Based on the criteria, the home loan amount is decided. While home loan eligibility may vary from lender to lender, followings are the common criteria.

  • Age
  • Credit Score
  • Income Requirements
  • Co-applicant income
  • Employment stability and continuity

Documents Required

you would need to submit the following documents along with the completed application form for the home loan process:

Documents for salaried individuals:
Documents for Self-Employed Individuals:

Documents for salaried individuals:

Citizenship

  1. Loan application form: Completely filled loan application form along with the recent passport size photographs.
  2. Identity proof: Any of Aadhar Card / Voters ID / Passport / Driving License / PAN Card.
  3. Income proof: Salary slips for the past 6 months or ITR, Form 16 for the past 2 years, salary account’s bank statement for the past 6 months.
  4. Residence proof: Lease and License Agreement / Utility Bill (maximum three months old) / Passport.