Home Loan
Unveiling Your Homestead Journey: Home Loans with a Difference
Experience the joy of homeownership with Rahiyam Ventures’ Home Loan Service. Our tailored solutions are designed to turn your dream of having a place to call your own into a reality. Let us be your partner in creating a space that truly reflects your aspirations.
Understanding Home Loans
Home loans are designed to make homeownership dreams a reality. They are extended by banks and financial institutions to individuals looking to purchase, construct, or enhance their homes.
Key Features of Home Loans
- Asset Collateral: Your home or property serves as collateral, ensuring the loan’s security. Failure to meet timely payments could lead to the bank/lender reclaiming the asset.
- Flexible Loan Amount: Loans are available for various needs, with a minimum starting amount of Rs 2,00,000/-
- Tailored Repayment Period: Repayment terms, spanning up to 30 years, are determined by the loan amount. This encompasses the outstanding principal and accrued interest.
- EMI Structure: Equated Monthly Installments (EMIs) encompass both principal and interest, forming the repayment structure.
- Comprehensive Charges: The loan’s charges encompass registration, processing, prepayment penalties, commitment, and other miscellaneous documentation and consultation fees.
Types of Home Loans
A spectrum of home loans caters to diverse requirements:
- Home Purchase Loans
- Land Purchase Loans
- Home Construction Loans
- Home Improvement Loans
- Home Conversion Loans
- Home Extension Loans
- Bridge Loans
Documents Required
Documents Required for Home Loans
In addition to a duly filled application form and passport-size photograph, you’ll need:
- Investment Statements (if applicable)
- Approved construction/extension plan copy
- Cost estimation or valuation report by a bank’s panel CA
- Allotment letter from housing board/NOC from builder or society
- Bank statements and salary slips
Also, provide the following documents:
- Identity and Signature Proof (Passport, PAN Card, etc.)
- Address Proof (Bank Statement, Rent Agreement, etc.)
- Age Proof (Birth Certificate, Passport, etc.)
Secure your dream home with Rahiyam Ventures’ tailored home loan solutions. Let’s make your homeownership aspirations a reality.
How We Can Assist You?
With each bank and financial institution setting its own criteria and specifications, it’s crucial to identify the options you’re eligible for. We guide you through this process, ensuring you make informed decisions that allow you to access higher loan amounts while benefiting from lower Equated Monthly Installments (EMIs), also known as LMIs.
Let us simplify your journey to financial solutions, guiding you towards options that align with your unique needs and aspirations.
Home Loan Eligibility Criteria
- Any upstanding Indian citizen, whether salaried, self-employed, or a business person with a regular income source, is eligible to apply for a home loan.
- The applicant’s age should surpass 21 years.
- Approval of the loan hinges on professional stability and a commendable savings history.
- A negative credit history, particularly within the three months leading up to the home loan application, could impact your eligibility.
- For self-employed individuals and businesspeople, the loan amount you’re eligible for hinges primarily on the profits and turnover you’ve achieved.
At Rashiyam Ventures, we’re here to assist you in navigating these criteria, ensuring you’re well-informed and empowered to pursue the home loan that best aligns with your circumstances and aspirations.