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With a Home Loan, you can now realize your dream of owning a home! At Finserv MARKETS, you can avail a home loan at low interest rates and minimal documentation. Your dream home is now yours. So, apply for a Home Loan on Finserv MARKETS today!
With a Home Loan, you can purchase the house of your dreams in the most easy and hassle-free way. At Finserv MARKETS, you can apply for a loan amount of up to Rs 3.5 Crore and take advantage of exciting benefits such as additional Home Loan Top Up of up to 50% of your sanctioned home loan amount and much more! What's more? You can also reduce your current Home Loan EMI by transferring your existing home loan to us at the lowest rate of interest in India using the Home Loan Balance Transfer facility.
If you have a working partner, you can opt for a joint home loan to avail a higher loan amount.
You can also explore more about The Pradhan Mantri Awas Yojana (PMAY) which, was recently launched and implemented with the mission of providing “Housing for All”. It intends offer housing loan interest subsidy to the middle income and the Lower income Group/ Economically weaker Section.
Customers can enjoy flexible repayment tenure of up to 360 months.
At Finserv MARKETS, you can avail a loan balance transfer or a top-up on an existing loan at nominal interest rates and minimal documentaion.
In the event of an unfortunate incident, you can protect your loved ones from the burden of paying off your home loan with customized insurance plans.
Alongside providing a report that helps you keep track of your financial health, you can also get a complimentary health card that entails a host of offers and benefits.
Finserv MARKETS helps you choose from a diverse range of secured lending products. You also get to compare various loan offers by the best of the lending partners. So, you are indeed spoilt for choice!
There's no tedious paperwork involved. Your application is approved within minutes and you can get the loan in no time.
We are proud to deliver on our promise to more than 100 million customers. Our reliable interface helps the lending partners reach out to people all across India and provides the best lending experience.
Want a Home Loan? Follow the steps below and hit that Apply button now!
Fill in your personal and employment details.
Find out the home loan amount you could possibly avail.
Fill your required home loan amount & details of property.
You will get to know your final home loan eligibility amount.
Get the money in your account post verification.
The EMI that you have to pay depends primarily on three factors:
You can calculate the amount of monthly instalments with the help of the home loan EMI calculator by filling out the desired loan amount, the pre-determined rate of interest and the fixed tenure.
The eligibility criteria depends on your nationality, age and your years of work experience.
You can check the detailed home loan eligibility criteria for an in depth look into the same.
You need to submit the following documents while applying for a home loan from us:
Check out the entire list of documents required for home loan for further details.
The Pradhan Mantri Awas Yojana (PMAY) Scheme is an initiative provided by the Government of India that aims at providing affordable housing for the urban poor. Affordable homes will be built across selected cities and towns using eco-friendly construction methods in the best interest of the urban poor population in India. Also, under the Credit Linked Subsidy Scheme (CLSS), beneficiaries under PMAY are eligible for an interest subsidy if a loan is availed to purchase or construct a house.
In a Home Loan Balance Transfer, you can transfer your home loan from one bank to another. These could be Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB). The borrower has to fulfill the eligibility criteria for availing Home Loan as per the Bank's terms and conditions and has serviced interest and/or installment of the existing loan regularly, as per the original terms of loan sanction. The borrower should have valid documents evidencing the title to the house to avail benefits of this scheme.
Instant Home Loan is an instant sanction for the customer’s loan application. You are eligible to get pre-approved Home Loan offers if you have an existing salary or savings account with the bank. With quick documentation and verification process online, you can also generate your Home Loan sanction letter in just a few clicks.
The bank calculates the fixed monthly obligations to the net monthly income ratio and approves a loan only if this ratio is less than 40-50 percent. While calculating the ratio, the EMI on the proposed loan gets included along with other existing EMIs that the borrower is paying in that particular period.
Even if a personal loan application gets an in-principle approval based on the CIBIL score, the final approval of the loan can be expected only if you submit the required documents in a timely and credible manner.
It's best to make sure you've cleared all your pending loan repayments and existing card bills and EMIs. The lenders track record of your credit history and credit score when getting started with the personal loan application process.
People generally look for multiple loans when they don't get the desired loan amount from one lender or they require more money to meet certain expenses. But, if you take multiple loans, it could mean over-leverage and risk of falling into a debt trap which may have a negative effect on your credit score.
The applicant's credit utilization ratio should be lower than 30 percent. Banks consider a credit utilization ratio of over 30 percent as a sign of credit hungriness and hence, credit bureaus reduce credit score on crossing this limit, thereby reducing your personal loan eligibility.
When applying for a personal loan you need to avoid direct loan and credit card inquiries with lenders as credit bureaus consider such enquiries as hard inquiries. Instead, you should visit the online financial marketplace to compare personal loan offerings and select the one based on your requirements.
If your home loan application gets rejected you need to start working on improving your CIBIL Score. Past failures in paying EMIs, settling credit card bills and outstanding loan balances, may have a huge impact on the applicant’s ability to acquire fresh credit. The age and the ability of the applicant to earn a steady income, are also some of the major factors considered. Start by settling your outstanding loan payments and bills on time. This will help you when your credit-worthiness is being evaluated.
The RBI (Reserve Bank of India) made an announcement with regards to rationalising the risk weights on all the fresh housing loans to be sanctioned till the 31st of March 2022, and has linked them to LTV (loan-to-value). The LTV ratio determines the risk weights. The risk weight would be 35% at LTV of 80% and 50% if LTV is between 80% and 90%. The regulations state that risk weights would be applicable to home loans depending on the loan size and LTV. This would have a positive impact on home loan aspirants as banks are now being encouraged to provide more housing loans.
When there’s an unexpected increase in interest rates, we first attempt to make things easier on you by increasing the loan tenure—within permissible limits. If this doesn’t resolve the issue—covering interests under current EMI—we’ll need to increase the EMI. Another solution—you can choose to part-prepay online via the Customer portal.
Home Loan sanctioned for under construction property is disbursed in instalments by us. These disbursements in installments are called part / subsequent disbursement.
You will need to submit online request for part disbursement, along with the following documents. 1. Scanned copy of demand letter from the builder. 2. Receipt of last payment made to the developer.
The Prime Minister of India, Narendra Modi, made a promise to provide “Housing for all by the year 2022”. This was done so under his housing scheme wherein houses would be constructed in rural areas under the plan known as the Pradhan Mantri Awas Yojana- Gramin or PM.....
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The Pradhan Mantri Awas Yojana (PMAY) is an initiative taken by the Government of India to make buying home affordable for the poor population of India. People belonging to the following income group are the primary beneficiaries of this scheme-
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Your team understood my customized needs in detail during first interaction itself. They arranged the home loan within record time which is why I was able to get my dream home. Thank you so much for the financial assistance.
Posted on 2 Nov 18
Home loan definitely made getting a home loan a lot easier, emotionally as well. Again, I wanted to let you know that I appreciate the help and support. Thank you for the high level of customer service and many thanks to the continued support and co-operation.
Posted on 15 Jan 19
I have availed a home loan through Finserv MARKETS. The documentation was minimal. The loan disbursement happened very smoothly. I have just uploaded the documents through online. Great going Finserv MARKETS!
Posted on 6 Dec 18