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Home Loan
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Product Info

Owning a house can give you a sense of satisfaction, which you will never find with owning anything else. If you have reached a stage in your life, where you wish to buy a beautiful home for you and your family, a Home Loan can indeed help you to make this dream come true.

Find a home that not only offers you and your family a comfortable lifestyle but also offers you a great return on investment as the years go by. Over and above the fact that you will soon own your dream home, availing of a Home Loan offers you a host of tax benefits too.

At theloancompany.in, we make the best Home Loan options from the most trusted Financial Institutions, accessible on one single platform so that you can compare them, and choose the Best Deal suited for your need.

Choose the Best Deal, Always!

As our name suggests, at theloancompany.in we help you find the Best Deals. Our association with the finest, most trusted and reputed Financial Institutions ensure that you can make a thorough comparison and are completely satisfied with the offer, before you choose the Best Deal for your car loan.

Get the best deal with us, here’s how!

  • Use the Eligibility Calculator to learn your eligibility. It’s quick, simple and also provides you the information about the Best Deals or the lowest interest rates
  • Gain the advantage of comparing offers that have been specially customized for you and then apply for the most suited offer
  • Once you have applied for the car loan online, the application will be sent to the Financial Institution of your choice, thus saving your time and resources involved in visiting a bank/NBFC or doing paper work
  • theloancompany.in will also keep you updated about the loan status via your personalized account page, email, SMS or calls
  • Apart from giving you the Best Deals from loan providers, you also have the opportunity to win amazing prizes and coupons if you refer a friend or a relative to theloancompany.in
  • Benefits of Home Loan

  • Tenure of up to 25 years
  • Easy repayment through Equated Monthly Instalments (EMIs)
  • Interest paid is entitled for tax benefit
  • Flexibility of interest rates by option of selecting fixed or floating rate of interest
  • Who can borrow Home Loans?

  • Salaried Individuals
  • Self-Employed Individuals / Companies
  • Self-Employed Professionals like a lawyer, a doctor, a CA, an architect etc.
  • Minimum age of applicant should be 21 years
  • How much can you borrow?

  • Home loan is available from 80% to 100% of the agreement value
  • Calculation of Home Loan depends upon dual parameters like the cost of property and the applicant’s income
  • Details you should know

    You should know this before selecting a loan and a financer:

  • Check the Interest rates and other service charges like processing fee, prepayment Options, foreclosure charges as indicated by financers
  • Your CIBIL Credit Rating Score and credit history, a high CIBIL Credit Score with no default on payment can help you get approvals quickly and / or lower interest rates / charges
  • Documents Required

  • Identity Proof (Passport, Pan Card, Driver’s License etc.)
  • Bank Statement for 3 to 6 months. In case you are a salaried individual then the bank statement from your salary account
  • Salary Slips from your current employer
  • Proof of Residence (Ration Card, Property Documents, Registered Rent Agreements, etc.)
  • Self-Employed applicants will require to submit Profit and Loss accounts, Partnership Deeds, Balance Sheets and other documents as requested by the loan provider
  • Other documents as required by the respective Financial Institutions
  • FAQS

    What parameters are considered when you are shopping for a home loan?

  • Purpose of the loan, whether the house you willing to purchase is already built or you will buy a plot and construct later
  • Loan eligibility amount. This is important as this will determine your down payment.
  • Interest Rate and EMI
  • Processing Fee
  • Pre-closure Fees and Pre-payment Fees applicable
  • Is it possible for me to avail a Home loan for extension or Home Improvement?

    Yes. You can avail of a Home Extension Loan or Home Improvement Loan or Bridge Loan or Home Construction Loan or Land Purchase Loan.

    What are the additional charges, when I purchase a home?

    The charges that will be involved when you purchase a home include: Transfer Charges, Registration Charges and Stamp Duty Charges. This is over and above the cost of the home.

    What charges will accompany a home loan?

    There are a few additional charges that you will encounter when you avail a Home Loan like Booking Fee or Processing Charges, which are usually paid to the lender when a loan is applied for. This could either be a fixed amount or it could be an amount that is a percentage of the loan amount. Pre-Payment Penalty is applied if the loan has been paid back in full, before the end of the duration that was previously agreed upon. A few lenders may also include Consultant Fees, Documentation Charges etc.

    Stamp Duty and Registration Charges are paid to the local SRO (Sub-Registrar’s Office) to register the property in the name of the loan applicant and transfer it from the seller or builder.

    Can I apply along with a co-applicant?

    It is indeed a good idea to apply with a Co-Applicant for a Home Loan. This will help you increase your amount of loan that you may be eligible for, as the income of the Co-Applicant will also be considered. In order to increase eligibility, you could consider submitting additional documents as security like LIC Policies, Fixed Deposits or Bonds.

    What does EMI stand for, and how does one calculate it?

    EMI stands forEquated Monthly Installment. It is basically the amount that has to be paid back to the lender every month. Two things govern this amount; the principal and the interest on the principal. This amount is equally distributed accordingly, and is to be paid through the tenure.

    Amortization Schedule – What is it?

    A table that offers the reduction of your loan amount by way of monthly installments is known as an Amortization Schedule.

    What are the loan tenure options?

    You are free to choose a loan tenure that you are most comfortable with, it could range up to 25 years. However, it should not exceed beyond the age of 65 or when you retire, whichever comes earlier.

    Will bestdealfinance.com charge for services offered?

    No extra charges will be levied by us.

    Will my data remain secure?

    theloancompany.in will ensure that your data remains secure and the information is only shared with the Financial Institution that you choose.

    After I submit my application at bestdealfinance.com – what’s next?

    Once your application has been electronically processed and received, it will be securely sent to the lender of your choice. You will soon be contacted by the lender directly to take things forward.

    What is Balance Transfer?

    When you opt for a Balance Transfer at a rate of interest that is attractive, it can help you save more on home loan expenses. If you avail of a reduction that is just 1.0%, it could help you save more than Rs.1.5 Lacs on a loan of Rs.10 Lacs, over a 20 year period.

    Customer Feedback
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    Many thanks all the best The Loan Company"

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    - Wasim Mansoori
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    - Mr. Aniket Athalye