Home loan

6.55%

About Home loan

A home loan is a secured loan taken from a financial institution for the purpose of buying a residential property. You can avail a home loan to buy a ready-to-move in house or apartment or one that is under construction. Home loans can be availed from both banks and Non Banking Financial Companies (NBFCs).These have varying interest rates which are often linked to your credit score. Home loans typically have a tenure of up to 30 years and have to be repaid as Equated Monthly Installments. You can also get tax deductions on both the principal and interest component of your home loan under Section 80C and Section 24 respectively of the Income Tax Act.

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

Age Requirement is 18 Years to 70 Years

Income

Minimum Income Should be 15000/- Per Month.

Credit Score

Applicant should have the bank specified credit score.

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