What is Home Loan?

HOME LOANS – If you can dream it, you can own it!
  • Purchase of Built-up Residential Property/ Villa / Row House/ Bunglow/ Flat / Underconstruction Flat or a Residential Plot.
  • Reconstruction of Residential property OR Construction on Residential Plot.

Property Criteria

  • Direct Allotment
  • Resale of Property

Who All Can Avail?

  • Salaried
  • Self-employed Businessman
  • Self-employed Professionals

Benefits Through MMM

  • Customization even if above criteria are not satisfactory
  • Save substantial interest by doing Balance Transfer at lower rates
  • From 100% to 200% of registry value

Age Criteria

  • Min 18 Years
  • Age upto 65 Years / Retirement Age

Income Criteria

  • Salaried :- Min Salary of Rs. 300000 p.a
  • Self-employed :- Min. ITR of Rs. 3 Lacs
  • Other Incomes :- Recurring-Rental, Interest Income can be considered

Income Tax Benefits

  • Stamp duty paid shall be allowed u/s 80C
  • Principal repayment of Home loan shall be allowed u/s 80C
  • Interest paid on Home loan for self occupied property is restricted to max.2 Lacs per annul
  • Passport size photograph
  • Copy of PAN card, adhaar card
  • Latest utility bill for residence and office
  • Professional degree copy, if any.
  • VAT / Service Tax / GST registration.
  • Last year VAT / Service Tax returns, as applicable.
  • Latest last 2 years Form 26AS
  • Latest last 3 years financials (ITR, Computation of income, audited balance sheet with all corresponding schedule; tax audit reports with all corresponding annexures – duly attested by CA)
  • Partnership deed / List of partners along with their profit ratio (on firm’s letterhead) / MOA & AOA / List of directors and shareholding pattern (on company’s letterhead) / Form 32 [ as applicable]
  • Latest last 6-12 month’s bank a/c statement of all operative bank accounts.
  • Details of all existing loans / credit facilities
  • Copy of property papers with complete chain-link and building sanction plan.
  • Passport size photograph
  • Copy of PAN card, adhaar card
  • Latest utility bill for residence.
  • Professional degree copy, if any.
  • Latest last 2 years Form 26AS
  • Latest last 3 years financials (ITR, Computation of income and Form 16)
  • Copy of Appointment letter of current employer and relieving letter of last employer (if work continuity in current organization is less than 2 years)
  • Details of all existing loans / credit facilities
  • Copy of property papers with complete chain-link and building sanction plan.
  • Latest salary slip for last 6 months.

INCOME DOCUMENTS (for NRI)

  • Latest salary slips for last six months. (12, if, on fortnight basis)
  • Overseas bank a/c statement for the period of latest last 6 months with salary credits. (Pls provide bank statement for a/c held in India as well)
  • Appointment letter or contract letter.
  • Income tax return of INDIA / Overseas for last 2-3 yrs.
  • Details of other income, if any. (I.e. Rent agreement)

PERSONAL DOCUMENTS (For both NRI & Resident Indians)

  • Photocopy of full passport and visa + PAN card copy
  • Residence proof (Local and overseas). (any latest utility bill)
  • Photograph each. (Passport size)
  • Qualification proof (degree copy), if any

INCOME DOCUMENTS (Resident Indian) Guarantee

  • Latest last 6 months salary slip
  • ITR/Computation & Form-16 for last 3 yrs.
  • Copy of appointment letter.
  • Latest last 6 months bank statement for all a/c (showing salary and rent credits AND EMI debits for all obligations)

Avail funds for all your needs NOW!

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

First Time Home Buyer

Best available interest rates are being offered by from Make My Money to first time home buyers. Apply online and share your exact details.  Best options guaranteed. Choose offer that suits you and apply.

Balance Transfer

Get your existing home loan transferred for extra benefit – Extra top up amount / lower ROI / lower EMI or longer loan duration. The purpose can be different but you can get your desired benefit. Share your details with us to know more and exact details.

Residential Plot Purchase

Make My Money offers various options for purchasing residential plots on which you are planning to build your dream home.  We offer customized offers as per your specific requirement. Enquire now!

Renovating your House

Planning to renovate your house. Various and exciting offers are available from different banks and financial institutions. Check now. For more detail you can get in touch with our loan advisors.

Best option for your funding requirement. Explore NOW!

CHECK NOW!

Features of Home Loan

A loan is a tool not to be misused. Over the years, the options for availing a home loan have increased as new banking and nonbanking players have entered into market.

Salaried / Self Employed

Everybody, whether Big business houses or small business owners; employees of big or small companies; Professionals like Doctors, CAs, Engineers, Architects etc. can avail housing loans.

Plots, Built Up Houses, Under-construction

Housing loans can be availed to buy a residential plot, construction on residential plot, purchase of built up house or an under-construction property.

Home Loans For NRIs

NRIs (Non Resident Indian) can also avail housing loans for the purchase of a residential property in India.

Tax Benefits

Stamp duty paid and Principal repayment of Home loan is allowed u/s 80C wherein interest paid on Home loan for self occupied property is restricted to maximum 2 Lacs per annum.

Eligibility for Home Loan

Everybody, whether Big business houses or small business owners; employees of big or small companies; Professionals like Doctors, CAs, Engineers, Architects etc. can avail housing loans.

Age

Maximum age of applicant, whose income has been considered, at loan maturity, can be 65 years whereas minimum age is 21 years. However co-applicant can be of 18 years.

Income Criteria

Minimum salary for salaried applicants shall be 3 Lacs p.a. and minimum ITR of self employed applicants shall be 3 Lacs.

Credit Rating

Applicant shall have good credit score, as per financier’s guidelines.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

Get a Quote

Now apply for a Home Loan online, All you need to do is provide your details below application form.