HOUSING LOAN (HOME LOAN) FAQ's
WHAT IS HOME LOAN OR HOUSING LOAN ?
Home Loan or Housing Loan is taking loan for Buying a New or Resale (Old) Independent Houses or Apartment Flats and also for Constructions.
IS HOME LOAN OR HOUSING LOAN IS SAME OR DIFFERNT ?
Yes, Home Loans and Housing Loans is the same which is for Purchasing of Houses or Flats or Constructing.
CAN I GET PURCHASING OF NEW OR OLD HOUSES FROM BUILDERS ?
Yes, You Can get a Purchasing Loans for New Independent House from Builders or from Individual Persons.
CAN I GET PURCHASING NEW OR RESALE FLATS ?
Yes, As like Houses you can get a loan for Purchasing New or Old Resale Apartment Flats from Builders or a Persons.
I AM A SALARIED CAN I GET HOME (HOUSING) LOANS ?
Happily you can get House Loans for Purchasing Houses or Flats or for Self Constructing on your Own Plots all depending on the Gross/Net Salary or Other Loans Obligations Basis.
I AM A SELF EMPLOYED/BUSINESS/PROFESSIONAL PERSON CAN I GET HOME OR HOUSING LOANS ?
Yes 100% you will get Housing Loans like Employees for new or Old Resale Houses or Flats or also for Constructing the Houses, Which is depending on the Monthly Income you receive from Business/Profession.
HOW MUCH I CAN GET HOME LOAN ?
You get Home Loans depending on the Income you get Every Month from Salary/Business/Profession.
WHERE I CAN GET THIS LOANS FROM ?
From LFS Loans – We had linked with 40+ Bank’s and NBFC’s so from this we arrange Loans by Depending on the Profile which we taking care without failing or Declining.
WHAT IS MIN OR MAX LOAN I GET ON HOME LOAN ?
Min of 5 Lacs in Urban areas and 10 Lacs in Metro areas and Max of 50 Cr.
WHAT IS THE INTEREST RATES FOR HOME LOANS ?
You can get Home loans interest rates starting from 6.90% to Max of 15% which is available on profile and properties.
WHAT ARE THE DOCUMENTS REUIRED FOR HOUSING OR HOME LOANS ?
- For Salaried.
6 Months Pay slips,
8M-1 Year Salary credited bank statement,
2 Years form 16,
3+Years Job Profile
2 Years ITR,
1 Year Current/ Savings account Statements,
5 Years Vintage proof/ Business Proofs,
WWHAT ARE THE PROPERTY DOCUMENTS REQUIRED FOR HOME LOANS ?
13 to 30 Years Link Documents Bank to Bank,
Latest 30 Years EC,
LRS & Estimation report if Construction,
Property Tax Receipts for Resale or Old Houses or Flats,
BRS for Flats without Plan and Permission,
DO I GET HOME OR HOUSING LOANS ON CASH SALARY ?
Yes you are eligible to get Home or Housing Loans on cash Salary, But in this case the School/ Company needs to provide 3 months salary letters on their Letter Heads and also needs to maintain and show the Account Books on this.
DO I NEED CIBIL SCORE FOR HOUSING OR HOME LOANS ?
Actually you do not required any previous loan track records or Score for getting Home Loans even -1 also can we do.
I HAD A LOW CIBIL SCORE OR HAD CIBIL ISSUES CAN I STILL GET HOME OR HOUSING LOANS ?
In this case First we needs to check and discuss what exactly the issue is having in the Cibil, Whether it’s a DPD or a Settlement/s or Low score due to Previous loan track, And less than 700 also we do but needs to check the report fully and discuss.