A home loan, is a loan in which you request for a loan from us for the purpose of buying a landed property. Firstly, you will have to know the property you wish to buy and also know the price.
After which you will contact us. We will then evaluate the property and also check your income to know if you are qualified for the loan.
What ever your need maybe, we can always assist you. You can pay back for up to 30 years or with a special arrangement you can get more.
In simple terms, a mortgage loan, is a loan in which your house functions as the collateral. The bank or mortgage lender loans you a large chunk of money (typically 80 percent of the price of the home), which you must pay back -- with interest (interest of -- over a set period of time. If you fail to pay back the loan, the lender can take your home through a legal process known as foreclosure.
|Age Limit||The applicant should be min 21 years & max. 65 years.|
|Income||Business should be profit making at least for the past 3 years|
|Turnover||$5000 p.a. should be the minimum annual income|
|Co-applicants||Business should be profit making at least for the past 2 years|
|Audited||We accept only audited financials by CA.|
|Cash flow||On the other hand, we denounce with righteous indignation.|
|Type of the Business||Proprietorship, Partnership, Pvt.Ltd. or Public Ltd.|