Home loan email

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Home loan service

About Home Loan

Home loans are an attractive and popular means of buying a dream house for most people. It is a long term financial commitment for the people. It is the most common mode to raise the required finance for purchasing a new house either in resale or from builder.

Home loan comes with the choice for fixed interest rates as well as flexible interest rates. People also have choice to choose among home loan Banks & NBFCs. Best Banks For Home loans are available for every earning class of people be it professional salaried/self-employed or even a daily cash income earner. It comes with the benefit of extended loan terms i.e. longer repayment tenures and flexible repayment options.

Home Loan Charges Schedule

Charges Schedules

  • Home Loan Processing Fees
  • GST
  • 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.

Home Loan 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. It is one of the best home loan companies to secure your dream house.Loanfasttrack has a dedicated professional team which helps you to arrive at a smarter decision by evaluating the attractive & best home loan offers and best home loan rates of all banks & discounts from multiple banks. It is the best online platform that helps you to find best bank for home loan and compare home loan interest rates, check home loan eligibility & apply home loan online at a single click. You no longer have to worry about “Which bank gives lowest interest rates for home loan”, Loanfasttrack assures on providing you with lowest Housing loan interest rates.