About Home Loan

Owning a house is a dream of millions and gives a sense of pride, achievement and satisfaction which no words can express. We at ezyMoni understand the emotions attached to your dream house.We also understand that the process of home loan is something you are not used to on a day to day basis. To make your home loan journey a smooth sail, we will help you to know eligibility criteria, rate of interest, process, necessary documents, comparison etc.

There are various components of a deal like rate of interest, loan amount, processing fees, minimum cut-off credit score norms, minimum income norms etc. All these components have to be assessed in totality to get a great deal.

We put in great effort to ensure that you get the best deal and we are here to help you to get special offers from all the Banks / NBFCs by negotiating on behalf of you on rate of interest, loan amount and processing fees to name a few from the convenience of your home, anytime and anywhere.

To know more, contact our ezyMoni loan counsellors on 8225 89 89 89 or give us a missed call on 8302 116 116

Types of Home loan

New Home

New Home Loan at basic interest rates from Borrow-Loan Company. You can apply online and check your eligibility and easy EMI. Fast Approval for your new home loan.

Home Conversion

A home conversion loan is a scheme for those who have already taken a housing loan. This loan follow some rules and regulations.It is a part of loan.

Land Purchase

Borrow Loan offers home loan for land purchase to make your dream home. You can compare home loan rates with our compare loan table. Apply online for Home Loan.

Home Renovation

Get instant approval for renovation your home. Borrow introduce home improvement loan. It is with basic rate and flexible EMI repayment.For more detail you can check our loan products.

ezyMoni for all your home loan needs...

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Features of Home Loan

Best Home Loan Schemes & Offers from leading private banks / Housing Finance Companies and NBFCs.

ezy on pocket

• Low interest rates starting from 6.65% p.a.

• Loan tenure of up to 30 years

• Minimal processing fee

• Loan amount of up to Rs.10 crore

• No hidden charges

• No cash transactions / fees

ezy on processing

• No prepayment / foreclosure charges

• Minimal documentation and quick disbursal

• Balance transfer with top-up loan available

Legal and technical counseling from experts

Home loan on Part sale properties

ezy Home Loans For salaried

• Individuals above the age of 50 having a pension scheme but still employed can also Apply

• Loan amount of up to 90% of the market value or 100% of the estimated cost of improvement

• Competitive offers for customers with credit score below 600 as well

ezy Home loan for all

You can avail home loans up to Rs.10 crore with interest from 6.65% p.a., processing fees from 0%, and repayment tenure up to 30 years depending on the profile, income and bureau scores.

Home Loan - Eligibility

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.

Age

Maximum age of applicant at loan maturity: 60 years

Income

Minimum Net Monthly Income: Rs 15,000

Credit Rating

Applicant should have the bank specified credit score.

documents required

These are some of the basic documents required for appraising your proposal. You an talk to our loan councellors if you seek any clarification.

Documents for Individuals – Salaried / Self employed Professionals

Documents for Non Individuals - Proprietorship / Partnership / Private Limited Co

Property related Documents

Frequently Ask Questions

Here are the answers to some of the questions that usually people ask. Talk to our loan councellors if your questions are not appearing here.

Anyone whether he is self-employed or salaried individuals/professionals, with a regular source of income can apply for home loans. One must be at least 21 years old when the loan period begins and should not exceed an age of 65 years when the loan ends. This is the general home loan eligibility criteria and eligibility will largely depend on other factors and such as the minimum and maximum age limits, minimum income level,bureau score, live loans etc. Please speak to our loan councellor who will be able to help you in understanding your eligibility.

Home loans are long term borrowing facilities with a minimum tenure of 5 years and a maximum tenure of 30 years. The tenure offered to you for your Home loan depends on the loan amount that is sanctioned to you by the lender along with other factors.Please speak to our loan councellors for further details.

Besides your repayment capacity, certain factors like Income, age of the applicantare given due weightage by the banker while considering your loan proposal. lenders consider the following factors:owers in case of a home loan is fixed at 6. It is recommended to add financially sound family members only as co applicants (parents, siblings and spouse). Additionally, having a co-borrower who has a sound credit history and good credit score is preferable as compared to one with a low credit score.

Also note, Immediate family members such as your parents, spouse and children onlly are allowed to be joint borrowers in case of a home loan.

The maximum number of joint borrowers in case of a home loan is fixed at 6. It is recommended to add financially sound family members only as co applicants (parents, siblings and spouse). Additionally, having a co-borrower who has a sound credit history and good credit score is preferable as compared to one with a low credit score.

Also note, Immediate family members such as your parents, spouse and children onlly are allowed to be joint borrowers in case of a home loan.

One can repay the loan amount before completion of the scheduled loan tenure by making a lump sum payment towards paying off the loan. In such cases, the bank may decide to apply some penalties (as a certain percentage) on the principal amount outstanding. Some banks and NBFC (Mon-Banking Financial Companies) do not charge any penalty on making prepayment of a home loan.

The tax benefit on home loan is divided into two sections-

• Tax exemption on repayment of the home loan principal: This is the deduction allowed under Tax Section 80C with a maximum annual tax deduction of Rs, 150,000 under the section.

• Tax benefit on the interest rate for a home loan: Under Section 24 of the Income Tax Act, you can avail the tax benefit on the amount of interest paid on a home loan to the maximum limit of Rs. 2 lakhs for a self-occupied property.

- Tax benefit for Joint Borrowers: In case of joint home loans, each of the co-borrowers is eligible to receive a total of Rs. 3.5 lakhs (1.5 lakhs under section 80C + 2 lakhs under section 24) as tax exemption. Hence, if a married couple co-signs for a home loan, they can claim a total tax exemption of Rs. 7 lakhs on their home loan.

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