Compare & Apply for Housing Loan Online

Features and Benefits of Home Loan

• Attractive interest rates : Make your home loan affordable and more comfortable in your pocket with attractive home loan interest rates. Special interest concession of 0.05% for women borrowers/co-applicant.
• Flexible home loan tenure : The maximum home loan tenure offered by our lenders is 30 years. The longer the tenure, the lower is the EMI, However, it is best to take a loan for the shortest tenure.
• No Prepayment charges : Most of our lenders provide options to close the loan after completing initial EMI's without any pre-closure charges.
• Subsidy under PMAY Scheme : The first-time homebuyer can make housing accessible and affordable, save up to Rs. 2.67 lakh on interest* by availing a home loan under Pradhan Mantri Awas Yojana (PMAY).
• Home loan balance transfer offers : Balance transfer is a viable option to switch from an existing high-interest home from one lender to low-interest home loan offered by another lender with minimal documentation and faster processing.
• Home loan top-up : A top-up loan is a loan granted by the bank over and above your current plot loan. The top-up loan is a financial help provided by banks to fulfill your dreams with little financial assistance.
• Minimal documentation : Avail housing loan online by submitting only a few documents and enjoy fastest instant loan approval.

Why apply for a home loan through FinMarket.in?

Applying for a home loan through FinMarket brings multiple benefits:

• Our real-time, paperless application process can save you a great deal of time and effort and give you access to leading lenders in the market.
• We bring personalised offers from top lenders for you to choose from.
• Our dedicated loan specialists assist through every stage of the process and help you find, compare and apply for the most suitable loan.
• We help customers to choose and compare various loan offers by banks and lending firms across categories like personal loan, loan against property, home loan, plot loan, business loan, car loan and credit cards.
• Our service is free, quick and easy.

Documents Required for Home Loan

The list of documents required for applying for a home loan online are as follows, provide the documents to our representative and check your housing loan eligibility.

Home Loan Documents Required by Salaried Individual

• Address Proof:Voter ID / Aadhar card / Registered Rental Agreement / Utility Bill (up to 3 months old) / Passport / Life Insurance Policy / Municipal or property tax receipt / Post office saving bank account statement / Copy of Sale Deed of the property (residence) if owned.
• Identity Proof: PAN (mandatory), Passport / Driving License / Voter ID.
• Income Proof: 3-month payslips, 2 years Form 16, Copy of Income Tax PAN.
• Bank Statement: 6 months, bank statement.
• Other documents: Documents of existing loans along with 6 months repayment bank statements.

Property Documents:

• Complete Link documents of the property
• Agreement to Sell
• Allotment Letter / Buyer Agreement
• Receipt/(s) of payment/(s) made to the developer
• An Approved Copy of the Building Plan

Home Loan Documents Required by Self Employed

• Address Proof: Voter ID / Aadhar card / Registered Rental Agreement / Utility Bill (up to 3 months old) / Passport / Life Insurance Policy / Municipal or property tax receipt / Post office saving bank account statement / Copy of Sale Deed of the property (residence) if owned.
• Identity Proof: PAN (mandatory), Passport / Driving License /Aadhar card / Voter ID.
• Income Proof: Latest 3 years Income Tax Returns including Computation of Income, Profit & Loss Account, Audit Report, Balance Sheet, Last six months current account statement of the business entity and saving account statement of individual.
• Office Address Proof: Shops & Establishment Certificate /Trade License Certificate / SSI Registration Certificate / PAN Card/Sales Tax/ VAT Registration Certificate / Partnership Deed (for firms) / Memorandum of Association (MOA) for companies / Export-Import Code Certificate / Factory Registration Certificate / SEBI Registration Certificate / Registration No issued by ROC.
• Other documents: Documents of existing loans along with 6 months repayment bank statements, Latest List of the shareholding pattern (duly CA/CS certified), MOA (for private Limited companies), Partnership deed (for partnership firms).

Property Documents:

• Complete chain documents of the property
• Agreement to Sell
• Allotment Letter / Buyer Agreement
• Receipt/(s) of payment/(s) made to the developer
• An Approved Copy of the Building Plan

Compare Home Loan Interest Rates Offered by Various Banks & NBFCs in Hyderabad

Know More About Home Loan

FAGs

Find answers to all your queries ranging from application procedure to eligibility criteria, interest rates, and documents required.

Q: Are there any tax benefits associated with a home loan?

A: Yes, both principal and interest payments have tax benefits per section 24(1). Refer to your tax accountant for details.

Q: How do I get qualified for a Home Loan?

• Check if you meet the eligibility criteria of age, employment, income, etc.
• Be ready to demonstrate your repayment capability with supporting documents.
• Build a good credit history before applying. A poor credit score can minimise the chances of your loan being approved.
• Talk to our customer representative and choose an offer that best suits your requirements.
• If your individual income is low, try co-applying with your spouse or family member.

Q: How many borrowers can jointly apply for a home loan?

A: A maximum of 6 borrowers can apply for a home loan jointly. However, these co-applicants have to be immediate family members such as parents, siblings, or spouse.

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