At Hamra Loan Best Home Loan Company in Delhi NCR, Noida, we understand that a home is not just a place to stay. It is much more than that. It is a warm little corner of the world that is yours, tailored to your tastes and needs.
It is the place where you celebrate the joys, deal with the sorrows and enjoy the journey called life. There is no place like home and with Hamra Loan Home Loans Various options. home purchase loan, Construction loan, home Renovation loan, plot purchase+ construction, home loan Balance transfer, home loan top up. our experts consult and offer competitive rate of interest, you can gather hopes, achieve your dreams and create memories in your own space.
Key Features & Benefits for Home Loan:
Lowest interest rates : Home loan interest rate have never been this low in the past 15 years. with the current range of home loan offers, you might be able to receive low rate of interest on your best home loan with hamra loan. our home loan specialist consult personalized and offer competitive lowest rate of interest in market.
Loan Amount: The amount you borrow can influence the interest rate. Larger loans may have slightly higher interest rates than smaller ones. Lenders may also have different interest rate slabs for various loan amounts.
Loan Tenure: The loan tenure or repayment period can impact the interest rate. Generally, shorter loan tenures attract lower interest rates compared to longer ones. However, shorter tenures also mean higher monthly EMIs.
No Foreclosure Charges: Prepayment options for home loan with a variable interest rate are the most flexible. There are no cost associated with partial or complete repayment. depending on your income flow, you may be able to pay off your debt sooner and save money that way.
Income Tax Benefits: If you have a first time home purchase, you can a claim exemption on principal amount repayment under section 80C, interest payment under section 24 (b), and an extra benefits on interest under section 80EE.
Specialist Support : Our Specialist available 24/7 for your support. and best optional choose our trusted lenders Banks & NBFC.
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Home loan eligibility is primarily dependent on income and repaying capacity. Other important factors include the customer’s profile, age at loan maturity, age of property at loan maturity, investment and savings history etc.
Age: 18-60 years Salaried, 18-65 years Self-Employed.
Employment Status : The applicant be any one -Salaried/ Self-Employed/ Self-Employed Professional at least 3 years of experience.
Nationality: Indian Resident/ (NRI) Non-Resident Indian.
Minimum Income: Salaried- 15000, Self-Employed- 20000.
Co-Applicant: Adding a financial co-applicant can help in availing the bigger loan amount. Generally, co-applicants are close family members.
- he following documents are required along with your Personal Loan application:
- A copy of any of the following documents as identity proof:
- PAN Card
- Aadhaar Card
- Passport
- Voter’s ID Card
- Driving License
- A copy of any of the following documents as address proof:
- Aadhaar Card
- Passport
- Voter’s ID Card
- Driving License
- Electricity Bill
- Telephone Bill
- Registered Rant Agreement
A copy of income documents:
- Bank Statement of previous 6 month for Salaried/ 12 month self-Employed
- 3 month latest salary slip for salaried/ Last 2 year ITR with computation and Balance Sheet CA Audited with UDIN for Self-Employed.
- 2 years Form 16 or last 2 year ITR
- Should be 2 years completed in job/ Business continuation.
Other Documents:
- Employment Contract / Appointment Letter in case current employment is less than year old
- Last 6 months’ Bank Statements showing repayment of any ongoing loans
- Cheque for processing fee favoring Bank
- Memorandum and Articles of Association of the Company
- Partnership deed in case of the business entity being a partnership firm
- Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.
Property Documents:
- Copy of the Allotment Letter / Buyer Agreement
- Receipt/(s) of payment/(s) made to the developer
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A home loan Best Home Loan Company in Delhi NCR, Noida, also known as a mortgage, is a financial product provided by lending institutions to individuals or families to property can be an under-construction or a ready property from a developer, purchase of a resale property, or refinance a residential property and home renovation.
A home loan allows borrowers to borrow a sum of money from a lender, usually a bank or a financial institution, to purchase a home. The borrower then repays the loan amount plus interest over a specified period, typically in monthly installments.
There are various types of home loans available, including Home Purchase Loan, Construction Loan, Renovation Loan, Plot Purchase Loan, Plot+ Construction Loan, Balance transfer, home loan Top up, Each type of loan has different terms, interest rates, and eligibility requirements.
Eligibility for a home loan depends on factors such as credit score, income, employment history, debt-to-income ratio, down payment amount, and the property’s value. Please find the details about home loan eligibility criteria.
The minimum down payment required for a home loan varies depending on the type of loan and the lender. Typically, down payments range from 3% to 20% of the property’s purchase price.
Common documents required for a home loan application include proof of income (Salary Slip, ITR), employment verification, bank statements, identification (Aadhar Card, PAN Card, driving license, passport), and information about the property being purchased.
A fixed-rate home loan has a constant interest rate and monthly payment throughout the loan tenure, while an adjustable-rate home loan has an interest rate that can fluctuate periodically based on market conditions.
Yes, most home loans allow borrowers to pay off their loan prepay without penalty. However, it’s essential to check the tenure of your loan agreement to understand any prepayment penalties or fees.
Yes, homeowners can refinance their existing home loan to take advantage of lower interest rates, reduce monthly payments, or change the loan tenure. Refinancing involves applying for a new loan to replace the existing home loan.
While it may be more challenging to qualify for a home loan with bad credit, it’s not impossible. Some lenders offer specialized loan programs for borrowers with less-than-perfect credit scores, but they often come with higher interest rates and stricter terms.
To improve your chances of getting approved for a home loan, focus on improving your credit score, reducing debt, saving for a larger down payment, maintaining stable employment, and staying within your budget when shopping for a home.
Our Trusted Best Home Loan Partner
Types of Home Loan
- Home Purchase Loan
- Construction Loan
- Home Renovation Loan
- Plot Purchase Loan
- Plot+ Construction Loan
- Home Loan balance Transfer
- home Loan Top Up