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Buying a property and owning it is a status symbol and obviously everyone aspires to own an ideal home. While it may not be prudent to spend all your savings on purchase of a home, getting a Home Loan to meet a part of the cost would be the correct approach for your Home purchase and fulfillment of your cherished desire. We, at ICCSL provide Home Loans on reasonable terms.
Property loans are available from lenders for a number of different reasons in addition to purchasing a home. Here are some of the most common home loan types that are offered on the financial market.
Loan for the purchase of a new or resale home is the most common type of Home Loan. The eligibility criteria for Home Loan is as under
Home Purchase Loan Eligibility Requirements
Category | Salaried | Self-Employed |
Age | 25 to 65 Years | 25 to 65 Years |
Employment | Minimum two years of experience | Minimum three years of experience |
Cibil Score | 300 and above | 300 and above |
“No Matter Where You Are Financially, Quality Time Is Always Available And With Just A Bit Of Love And Creativity You Can Easily Create A Home”
Documents Required for Home Purchase Loan
The required paperwork for a home loan is listed below:
This option is available where a person wishes to transfer his home loan from one institution to another for better terms offered by the other institution.
Balance Transfer Eligibility Requirements
Age | Employment |
25 to 65 years | Salaried, Professionals, Non-Professionals, and Self Employed |
Documents Required for Balance Transfer Home Loan
The required paperwork for a balance transfer is listed below: