APH Enterprises

Real Estate MUMBAI

Home Loan

One can avail finance on the properties that have clear titles and market value more than or equal to the agreement value. Many projects these days are pre-approved by leading financial instuitions.
Eligibility to avail a Home Loan for an applicant shall be:

An Indian citizen

Above 21 years at the commencement of the loan

Below 65 / retirement age at the time of maturity

Amount of loan eligibility will be determined by the bank on the basis of factors such as income, age, qualifications, number of dependents, spouse's income, assets, liabilities, stability and continuity of occupation and savings history to ensure easy repayment for you in the future.

The loan eligibility will be subject to the value of property selected by you.
Normally the maximum loan that can be obtained is 80% of the agreement value but it may vary based on many factors.

One can apply for a loan even before the purchase of the property. A loan amount will be sanctioned to you based on the above eligibility criteria. The loan amount will be subject to the value of the property when you select one.
Maximum tenure of the loan is 30 years, subject to eligibility norms. The Bank may ask documents like your income proof like salary slip, bank statement, IT returns etc. apart from Passport size photograph, Identification Proof, Age Proof, Details & proof of assets held etc.

The security for the loan is a first mortgage of the property to be financed, normally by way of deposit of title deeds and/or such other collateral security as may be necessary. The title to the property should be clear, marketable and free from any encumbrances.

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