Buying a home is like dreams comes true and biggest achievement for most people in their lifetime. A small flat is a dream utility a villa is a dream luxury. Best way to fulfil is through home loan. A home loan low interest rates is packed with benefits that not just help you to return debt on your asset but also help in making savings from taxes. We will apprise you of all the related benefits of home loans. We discuss in-depth the benefits of a first-time home buyer loan.
TAX BENEFITS :A Home Loan allows you to claim income tax deductions on the interest and principal amount due. Under the Income Tax Act, 1961, as per Section 80C, you can claim up to INR 1.5 lakh on principal repayments, and up to INR 2 lakh on interest repayments under Section 24B. You can avail of other tax benefits via a Home Loan, as well.
PREPAYMENT FALXIBILITY: Unlike other loans where lenders charge prepayment penalties on payment made towards home loan, there are no prepayment penalties on floating rate home loans. So, whenever you have surplus money, you can utilize it for making part payment towards your home loan and lower your burden. However, floating rate home loan do have a prepayment charges.
HOME LOAN LOW INTEREST RATES:When compared to the various kinds of loans available, the interest rate on a Home Loan is relatively lower. Plus, in case of a cash crunch, you can also apply for a Top-Up Loan in addition to the existing Home Loan
DUE DILIGENCE:When you apply for a Home Loan, banks check the property from a legal perspective and ensure that the documents are valid and the title is clear. This step can prevent you from being conned and passing this due diligence can validate your property and prevent you from potential pitfalls down the road.
WEALTH APPRECIATIONS:Home Loan, as the name suggests, leads you to buy a house, an asset that revenues one of the highest appreciation rates. You are not buying something that depreciates in value, the moment it leaves the showroom.
Read on to know the criteria required to apply for our Home Loan.
The basic home loan eligibility criteria are as follows:
Salaried Person - 21 years to 58 years
Self-Employed Person - 25 years to 65 years
Salaried Person - Minimum Rs. 10,000 per month
Self-Employed Person - Minimum Rs. 2,00,000 per year
Salaried Person - Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company
Self-Employed Person - Minimum 3 years of Experience in the current field
A credit score of 700 is considered a good score for approval.
Form 16
Employee Identity Card
3 Months Salary Slip
6 Month Bank Account Statement
Duration of Employment Evidence
PAN
Trade License
Partnership Deed
Article of Association
Memorandum of Association
Import Export Code
SEBI Registration Certificate
ROC Registration Certificate
Financial Statement Audited by CA
Profit & Loss Account Statement
Balance Sheet
6 Months Bank Account Statement
Professional Practice License for Doctors, Consultants, etc
Registration Certificate of Establishment for Shops, Factories, and Other Establishments
Business Address Proof
Income Proof Documents for NRI
Property Documents
Sale Deed
Stamped Agreement of Sale
Allotment Letter
No Objection Certificate or NOC
Housing Society
Builder
Possession Certificate
Land Tax Receipt
Construction Cost Estimate
Bank Account Statement of Payment Made to Seller or Builder
Payment Receipt of Payment Made to Seller or Builder
Incase of resale property share certificate is required
Occupancy Certificate
We offer a range of home loan options to suit various needs, including:
The amount you can borrow depends on factors such as your income, credit history, employment status, and the property's value. Our loan specialists will help determine the maximum loan amount you qualify for.
Approval times can vary based on factors such as the completeness of your application, property appraisal, and underwriting process. We strive to provide timely approvals and keep you informed throughout the process.
To know your EMI, visit our EMI calculator
For a borrower to understand the same better, there are two types of insurance covers available for Home Loan:
Buying a home is like dreams comes true and biggest achievement for most people in their lifetime. A small flat is a dream utility a villa is a dream luxury. Best way to fulfil is through home loan. A home loan is packed with benefits that not just help you to return debt on your asset but also help in making savings from taxes. We will apprise you of all the related benefits of home loans. We discuss in-depth the benefits of a first-time home buyer loan.
TAX BENEFITS :A Home Loan allows you to claim income tax deductions on the interest and principal amount due. Under the Income Tax Act, 1961, as per Section 80C, you can claim up to INR 1.5 lakh on principal repayments, and up to INR 2 lakh on interest repayments under Section 24B. You can avail of other tax benefits via a Home Loan, as well.
PREPAYMENT FALXIBILITY: Unlike other loans where lenders charge prepayment penalties on payment made towards home loan, there are no prepayment penalties on floating rate home loans. So, whenever you have surplus money, you can utilize it for making part payment towards your home loan and lower your burden. However, floating rate home loan do have a prepayment charges.
LOWER INTEREST RATE:When compared to the various kinds of loans available, the interest rate on a Home Loan is relatively lower. Plus, in case of a cash crunch, you can also apply for a Top-Up Loan in addition to the existing Home Loan
DUE DILIGENCE:When you apply for a Home Loan, banks check the property from a legal perspective and ensure that the documents are valid and the title is clear. This step can prevent you from being conned and passing this due diligence can validate your property and prevent you from potential pitfalls down the road.
WEALTH APPRECIATIONS:Home Loan, as the name suggests, leads you to buy a house, an asset that revenues one of the highest appreciation rates. You are not buying something that depreciates in value, the moment it leaves the showroom.
The basic home loan eligibility criteria are as follows:
Salaried Person - 21 years to 58 years
Self-Employed Person - 25 years to 65 years
Salaried Person - Minimum Rs. 10,000 per month
Self-Employed Person - Minimum Rs. 2,00,000 per year
Salaried Person - Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company
Self-Employed Person - Minimum 3 years of Experience in the current field
A credit score of 700 is considered a good score for approval.
Form 16
Employee Identity Card
3 Months Salary Slip
6 Month Bank Account Statement
Duration of Employment Evidence
PAN
Trade License
Partnership Deed
Article of Association
Memorandum of Association
Import Export Code
SEBI Registration Certificate
ROC Registration Certificate
Financial Statement Audited by CA
Profit & Loss Account Statement
Balance Sheet
6 Months Bank Account Statement
Professional Practice License for Doctors, Consultants, etc
Registration Certificate of Establishment for Shops, Factories, and Other Establishments
Business Address Proof
Income Proof Documents for NRI
Property Documents
Sale Deed
Stamped Agreement of Sale
Allotment Letter
No Objection Certificate or NOC
Housing Society
Builder
Possession Certificate
Land Tax Receipt
Construction Cost Estimate
Bank Account Statement of Payment Made to Seller or Builder
Payment Receipt of Payment Made to Seller or Builder
Incase of resale property share certificate is required
Occupancy Certificate
An EMI calculator is a useful tool that can help you estimate the monthly installments you will have to pay towards your Home loan low interest rates within a specific period. By using the Noble Fintech Advisory EMI calculator, you can calculate your EMI beforehand, which can help you plan your finances better. Additionally, you can check your eligibility and compare different loan options using Noble Fintech Advisory Home Loan calculator.
We offer a range of home loan options to suit various needs, including:
The amount you can borrow depends on factors such as your income, credit history, employment status, and the property's value. Our loan specialists will help determine the maximum loan amount you qualify for.
Approval times can vary based on factors such as the completeness of your application, property appraisal, and underwriting process. We strive to provide timely approvals and keep you informed throughout the process.
To know your EMI, visit our EMI calculator
For a borrower to understand the same better, there are two types of insurance covers available for Home Loan:
At Noble Fintech Advisory, we strive to help you go beyond the expected. We don't just offer loans; we provide financial solutions tailored to your needs. Our commitment to transparency, excellence in customer services, our innovative loan products ensures that you achieve your goals with confidence.
217, Off B/2, Parmar Trade Center, 12 Cannaught House And Road, Pune, Maharashtra, 411001
