Make Your Dream Home a Reality with Our Home Loans At Fintech Financial Solutions, we understand that purchasing a home is one of the most significant investments you'll ever make. Our home loans are designed to provide you with the financial support you need to make your dream home a reality. With competitive rates, flexible terms, and a hassle-free application process, we make homeownership accessible and achievable.
A home loan, also known as a mortgage, is a type of loan provided by financial institutions to individuals for the purpose of purchasing, constructing, or renovating a residential property. It is a secured loan, meaning that the property itself serves as collateral for the loan.
The principal amount is the total loan amount that the borrower receives from the lender. This amount is used to finance the purchase, construction, or renovation of the property.
The loan tenure is the period over which the borrower agrees to repay the loan. Home loan tenures typically range from 5 to 30 years, depending on the lender's policies and the borrower's preferences.
EMIs are the monthly payments made by the borrower to repay the home loan.The EMI amount is calculated based on the loan amount, interest rate, and loan tenure.
Since a home loan is a secured loan, the property being financed serves as collateral. If the borrower fails to repay the loan, the lender has the right to seize and sell the property to recover the outstanding loan amount.
• You must have a good credit history
• Nature of Employment: Salaried employee of a public or private organization, or Self-employed professional.
• You must be able to provide collateral, such as property or equipment
• Age: Minimum of 21 years at the time of application and Maximum of 65 years by the time of loan maturity.
• Nationality: Resident Indian
• Income : Salaried -Residents from other Indian cities: ₹20,000 per month.
Self-Employed: Minimal annual turnover depending on the nature of the industry/profession.
•Credit Score: 750 or above, with a good credit history.
• Work Experience: Overall work experience: At least 1 year and In current organization: At least 6 months
At Fintech ,documentation for Home loan applications involves basic KYC documents(PAN, address proof) bank statements and Personal documents. Here is a list for quick references
SALARIED | SELF EMPLOYED |
PAY SLIP LAST 3 MONTHS | GST CERTIFICATE |
BANK STATEMENT LAST 6 MONTH | GST 3B RETURNS LAST ONE YEAR |
EMPOLYEE ID CARD | ITR LAST 3 YEARS |
FROM 16 (LAST 2 YEAR). | BANK STATEMENT LAST ONE YEAR TO TILL DATE AND MSME/UDHAYAM |
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