Tag Archives: India Home Loan EMI Calculator

India Home Loan Ltd – Home Loan Eligibility, Interest Rate, EMI Calculator

India Home Loan Ltd – Get & Apply Attractive Interest Rate from India Home Loan. Check Home Loan Eligibility, Monthly EMI Calculator, Documents Required & Processing Fee. 

India Home Loan – Get Instant Online Quotes 

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Home Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

India Home Loan Ltd. Is a housing finance company incorporated in 1990 under the Companies Act in Maharashtra. The company operates through various branches in Urban, Semi – Urban & Rural area.

If one wants to avail a loan for purchase of home, Home improvement & extension or construction of a dwelling unit on a owned plot of land then one can opt for India Home Loan Company.

India Home Finance has a huge customer base, Build on trust & satisfaction with Present capitalization of more than 50 Crores.

Eligibility

Individual singly or Jointly with co – borrower, having income to service the loan can apply for India Home Loan.

Property for which the loan is availed should be located in Rural or Urban area.

India Home Loan EMI Calculator 

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Characteristics & Benefits of India Home Loan Ltd.

  • Home loans is offered for a period of 15 years to professional & self – employed Individuals based on an appraisal income.
  • The maximum loan amount that can be availed is Rs. 20 lacs.
  • The loan amount can be enhanced by including an earning co – applicant.
  • The loan is offered up to a maximum of 80% of the property cost which includes land, Construction cost & single time acquisition costs under fixed & variable rate option with monthly amortization.
  • Minimum tenure period is 5 years to a maximum of 15 years.
  • Rate of interest varies from 12.50% to 14%.
  • Loan term should extend beyond the retirement age or 60 years (65 years for self – employed individuals) whichever is earlier.

Processing Fee 

SERVICE FEE & CHARGES
Processing fee for housing loan 1.5% of loan sanctioned (to be collected before loan disbursement)
Pre payment charges NIL (If the pre payment is from his/her own source)
Cheque / ECS Bounce Charges (Per instrument/ transaction) ₹ 350/- per instrument is payable in case of a dishonoured cheque and ECS
Penal charges for delayed payment of EMIs 2% per annum on EMIs outstanding of the loan
Documents retrieval & Handling charges ₹ 500/- per visit for outstation
Personal visit to customer’s place for collection of dues etc. ₹ 250/- per visit within the local area
Loan prepayment / closure (fully) statement charges NA

No charges will be levied on Replacement of cheques, Income tax eligibility certificates, Accelerated repayment option & Statement of your housing loan account.

Documents Required 

DOCUMENTS REQUIRED
Parameters Salaried Self – Employed (Businessmen) Self – Employed (Professional)
Age proof (Any one document) School leaving certificate
Passport
Driving license
Voter’s ID card
Birth Certificate by Local Authority
LIC Policy or certificate issued by the Gram Panchayat (Talati / or any Authorised person)
Identity proof (Any one document) Photograph
Passport
Driving license
PAN card
Photo credit card (With embossed signature) & last 2 months statement
Employee ID card (Salaried)
Bankers sign verification
Election card
Aadhaar card
Letter from a recognised public authority or public servant verifying the identity & residence of the customer to the satisfaction of IHLL
Confirmation letter from employer/ other bank (subject to satisfaction of the IHLL)
Income proof 16/IT returns for last 2 years supported by appointment letter / employed certificate Copy of last 3 years Income Tax Returns along with computation of income duly attested by a CA
Salary slip for the last 3 months / Salary certificate (if over time & incentives varies then past 6 months salary slips required) Copy of last 3 years balance sheet and profit & loss account of a firm duly attested by a CA. Along with all schedules
Company profile