India Home Loan Ltd – Get & Apply Attractive Interest Rate from India Home Loan. Check Home Loan Eligibility, Monthly EMI Calculator, Documents Required & Processing Fee.
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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.
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
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.
|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.
|Parameters||Salaried||Self – Employed (Businessmen)||Self – Employed (Professional)|
|Age proof (Any one document)||School leaving certificate|
|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|
|Photo credit card (With embossed signature) & last 2 months statement|
|Employee ID card (Salaried)|
|Bankers sign verification|
|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|