“Get Your Home Loan?
If you are planning to purchase or renovate their dream home then Approve Money can be your Helpful. Get instant home loan and say goodbye to financial stress!”
| Benefits of Home Loan | |
|---|---|
| Fast Process | Process Within 10 Days |
| Low interest rates | Starting from 7.99% per annum |
| Flexible repayment tenure | Repayment tenure Up to 30 years |
| Quick disbursal | Fast loan disbursal, often within 10 Days |
| Tax Benefits | You can claim tax deductions on the interest and principal payments offer tax deductions under Section 24(b) and Section 80C of the Income Tax Act, 1961. |
| Low Down Payment | You can purchase a home with a relatively low down payment. |
| Eligibility Criteria Of a Home Loan | |
|---|---|
| Important Factor | Criteria |
| Age | 18-70 years (varies across lenders) |
| Employment Type | Salaried / Self Employed |
| Income | Minimum ₹ 20,000 per month (varies across lenders) |
| Nationality | Resident Indian |
| Tenure | Up to 30 years |
Documents Required For Home Loan
| Document Type | Self Employed | Salaried |
|---|---|---|
| PAN Card | Mandatory for all loan applications. | Mandatory for all loan applications. |
| Aadhaar Card | Required for KYC (Know Your Customer) verification. | Required for KYC (Know Your Customer) verification. |
| Identity Proof | PAN Card, Aadhaar Card,Passport, Driving License,Voter ID | |
| Address Proof | Utility bill, gas bill, water bill, Passport, Rental Agreement, Bank Statement | Utility bill, gas bill, water bill, Passport, Rental Agreement, Bank Statement |
| Income | P/L Account and Balance Sheet for the previous three years, ITRs of the last three years, bank account statement of business account | Bank account statement of salary account, salary slip of the last three months, Form 16 |
| Office Address Proof | GST certificate | Not applicable |
Property documents
| Purchase of a Resale Home | For Purchase of a New Home |
|---|---|
| Title Deeds including previous chain of the property documents | Copy of the Allotment Letter / Buyer Agreement |
| Receipt/(s) of initial payment/(s) made to the seller | Receipt/(s) of payment/(s) made to the developer |
| Copy of the agreement to sell (if already executed) |
| Constructing a Home on a N.A. Plot |
|---|
| Title Deeds of the Plot |
| Proof of no encumbrances on the property |
| Copy of the plans, approved by the Local Authorities |
| Construction estimate by an Architect / Civil engineer |
Application Process For a Home Loan With Approve Money
| Approve Money | To apply for personal loan from various lenders you can visit approvemoney.com |
| Step 1 | Click To Apply |
| Step 2 | Enter applicant's basic details |
| Step 3 | Enter applicant's Address Details |
| Step 4 | Enter applicant's Employment Details |
| Step 5 | Upload applicant's Documents Proof |
| Step 6 | Add Loan References |
| Step 7 | Submit And Wait For Lender Responce |
Benefits of Home Loan
| Benefits of Home Loan | |
|---|---|
| Fast Process | Process Within 10 Days |
| Low interest rates | Starting from 7.99% per annum |
| Flexible repayment tenure | Repayment tenure Up to 30 years |
| Quick disbursal | Fast loan disbursal, often within 10 Days |
| Tax Benefits | You can claim tax deductions on the interest and principal payments offer tax deductions under Section 24(b) and Section 80C of the Income Tax Act, 1961. |
| Low Down Payment | You can purchase a home with a relatively low down payment. |
| Eligibility Criteria Of a Home Loan | |
|---|---|
| Important Factor | Criteria |
| Age | 18-70 years (varies across lenders) |
| Employment Type | Salaried / Self Employed |
| Income | Minimum ₹ 20,000 per month (varies across lenders) |
| Nationality | Resident Indian |
| Tenure | Up to 30 years |
Documents Required For Home Loan
Property documents
| Document Type | Self Employed | Salaried |
|---|---|---|
| PAN Card | Mandatory for all loan applications. | Mandatory for all loan applications. |
| Aadhaar Card | Required for KYC (Know Your Customer) verification. | Required for KYC (Know Your Customer) verification. |
| Identity Proof | PAN Card, Aadhaar Card,Passport, Driving License,Voter ID | |
| Address Proof | Utility bill, gas bill, water bill, Passport, Rental Agreement, Bank Statement | Utility bill, gas bill, water bill, Passport, Rental Agreement, Bank Statement |
| Income | P/L Account and Balance Sheet for the previous three years, ITRs of the last three years, bank account statement of business account | Bank account statement of salary account, salary slip of the last three months, Form 16 |
| Office Address Proof | GST certificate | Not applicable |
Property documents
| Purchase of a Resale Home | For Purchase of a New Home |
|---|---|
| Title Deeds including previous chain of the property documents | Copy of the Allotment Letter / Buyer Agreement |
| Receipt/(s) of initial payment/(s) made to the seller | Receipt/(s) of payment/(s) made to the developer |
| Copy of the agreement to sell (if already executed) |
| Constructing a Home on a N.A. Plot |
|---|
| Title Deeds of the Plot |
| Proof of no encumbrances on the property |
| Copy of the plans, approved by the Local Authorities |
| Construction estimate by an Architect / Civil engineer |
Application Process For a Home Loan With Approve Money
| Approve Money | To apply for personal loan from various lenders you can visit approvemoney.com |
| Step 1 | Click To Apply |
| Step 2 | Enter applicant's basic details |
| Step 3 | Enter applicant's Address Details |
| Step 4 | Enter applicant's Employment Details |
| Step 5 | Upload applicant's Documents Proof |
| Step 6 | Add Loan References |
| Step 7 | Submit And Wait For Lender Responce |
