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Home Loan Finance Bazar

A home loan is a type of loan that is used to finance the purchase of a property. Home loans are usually repaid over a period of years, typically 15 or, more commonly, 30 years. The requirements for home loans can vary from lender to lender, but there are some commonalities. Most lenders will require good credit history, a down payment of at least 20%, and proof of income. Some lenders may also require additional documentation, such as a home appraisal.

Easy processing is one of the main advantages of home loans. Most lenders have an online application process that can be completed in just a few minutes. Once you have applied, the lender will typically provide you with a decision within a few days. If you are approved, the loan funds will be deposited into your account so that you can begin the process of buying your new home.

Interest Rate Range: 6.50% Onwards (Annual rate of interest)

Minimum and maximum period for repayment Period): 5-30 Years

Processing Fee: 0.5%-1% of the loan amount

Representative Example: For a loan amount of 30 lakh @ 11% interest rate, Total payment in 3 years will be Rs 39,13,640 out of which interest paid will be Rs 9,13,640

There are many things to consider when taking out a home loan. At Finance Bazar, we make the process easy and stress-free. We'll work with you to find the best loan for your needs and ensure you get the most competitive interest rate. We have a wide range of loan products to suit your needs, and our experienced team will work with you to find the best solution for your circumstances.

At Finance Bazar, we pride ourselves on our easy loan processing. We'll work with you to get your loan approved quickly and smoothly, with the least stress for you. Contact us today to learn more about our home loan products and how we can help you.

First of all, register yourself on the website for an account where you can track your loan status with ease. Then, fill out the required information about yourself.. After filling out all these forms, apply for loan and get ready to book a house! And if you have any confusion regarding the application forms or anything else related to lending institutions, then here's what they say:

"Finance bazars make it easier than ever before -- whether you're making an initial purchase or refinancing -- to get a loan or mortgage that fits your needs. With convenient locations and knowledgeable staff standing by, we provide a straightforward experience that our customers love."
Creating the home of your dreams is a hectic process, but with Finance Bazars by your side, you can make it easy and enjoyable.

List of Documents:

  1. ID Proof - Pan Card , Aadhar Card, Passport Copy
  2. Minimum age - 21 years
  3. Valid Bank Account
  4. Last 3 months Income Proof
  5. Valid Address Proof
  6. Last 2 Years Form 16 / Last 2 Years ITR copy
  7. Co-applications Docuemnts same as Applicant's - If applicable

Home Loan Interest Rate 2020

Eligibility
Salaried eligibility criteria
Interest Rate : 6.50% to 7.5% *
Lowest EMI : Rs. 734 per lakh
Loan Tenure : From 5 years to 30 years
Loan Amount : Min Rs. 5 Lakh and Max Rs. 5 Cr.
Processing Fee : Minimum Rs. 10,000 Maximum Rs. 10,000 with applicable tax
Age : Min 24 years and Max 60 years
Prepayment, Foreclosure Charges : Allowed with Nil charges for floating rate loans

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