Home loan email

Email us: info@loanfasttrack.com

Home loan service

What Is Home Loan ?

Home loans are and attractive and popular means of buying a dream house for most people.

The most common purpose of Home Loan is to provide the required funds to the needy that are looking to purchase a Home. These loans can be used to finance the purchase of new residence, property or an old house from its previous owners.

Home Loan Charges Schedule

Charges Schedules

  • Processing Fees.
  • Service Tax
  • Stamp Duty
  • Intimation To Mortgage Charges.
  • Any Other charge which differs from banks to banks.

Types of Home Loan

  • Home Purchase Loans: Loan taken for the purchase of a new home.
  • Balance Transfer Loans: Loan that helps to pay-off an existing home loan and avail the option of a loan with a lower rate of interest.
  • Top up Loans: Loan taken in addition on the existing loan amount. It is mainly taken for one’s personal uses.
  • Land Purchase Loans: Loan taken to buy a plot of land on which a borrower wishes to construct his/her own house.
  • Home Construction Loans: Loan taken by a borrower to construct a house according to their wishes rather than purchasing an already constructed one.
  • Home Extension Loans: Loan taken by borrower who want to expand their existing house. Expansion includes alteration in the current structure of the residence to add extra space such as constructing a new room, a floor, a bigger bathroom or enclosing a balcony.
  • Home Improvement Loans: Loan taken by borrower for renovations and repair works such as internal and external painting, external repair work, electrical work, water-proofing and construction of underground overhead water tank etc.
  • Home Conversion Loans: Loan taken by borrower who has already purchased a house by taking a home loan but now want to buy and move to another house. Through this loan, they can fund the purchase of the new house by transferring the current loan to the new house.
  • NRI Home Loans: Loan exclusively meant only for the non-resident Indians to assist them to buy residential property in India.
  • Bridge Loans: Loan meant for people who already own a residence property but are planning to buy a new house. It helps borrower to fund the purchase of new house until a buyer us identified for the old house.

Documentation

Salaried Employees

Self Employed/Professionals

1 Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority) Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)
2 Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority) Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)
3 Latest Salary-slips for 4 months Certificate & Proof of business existence along with Business Profile
4 Form 16 for last 2 years Last 3 years Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant
5 Last 6 months Bank Statements(salary account) Last 12 months Bank Account Statements (self & business)
6 Processing Fee Cheque in favour of bank. Processing Fee Cheque in favour of bank.
7 Photocopy of Title Documents of the Property, Approved Plan Copy etc. Photocopy of Title Documents of the Property, Approved Plan Copy etc.
8 Any other documents as requested for by the respective Financial Institution Any other documents as requested for by the respective Financial Institution

Home Loan Tenure

Minimum 5 years to maximum 30 years.


Why Choose Loanfasttrack ?

Loanfasttrack is a free service provider. To secure your dream house, Loanfasttrack has a dedicated professional team which helps you to arrive at a smarter decision evaluating the attractive offers and best discounts from multiple banks.