Apply Home Loans for Doctors, Retailers, Business men, Architects
Apply online Home loans for professionals and non-professionals such as Retailers, Small scale business men, Doctors, Architects, Chartered Accountants etc. Instant Quotes on Interest Rates, Documents, EMI, Eligibility & Charges by Major Bank of India.
Home Loan applications received for rupees ₹ 419,027 crores till 21 November 2024
Home loan Eligibility Amount for Self Employed
You can avail a home loan of up to Rs. 100,00,000 (minimum loan amount 1 lac) but not exceeding 60% of the cost of property (including stamp duty and registration fees) or 60% of market value, whichever is lower. The actual loan amount is determined taking into various account factors such as:
- Repayment capacity
- Age
- Educational qualifications
- Stability and continuity of income
- Number of dependents
- Co-applicant’s income
- Assets
- Liabilities
- Saving habits, and more
Maximum Tenure of Loan:
With a tenure up to 15 years, you can reduce the EMI amount, so that your outgoings every month do not come in the way of your lifestyle and living standards. The tenure of your Home loan ranges from 1 to 15 years maximum. The term however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self employed individuals).
Easy Documentation:
For processing your home loan application, we’re required to adhere to certain documentation procedures. To enable us to speedily process your home loan application, we will require the following:
- KYC (Know Your Customer) documents
- Proof of Income documents and bank statements as per log-in checklist
- Property related documents.
