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Home Loan Consultant

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Home Loan Consultant

About Home Loan

Get a housing loan from India’s leading banks and financial institutions. To make buying a house affordable, best option is Home Loan.

 

Loan can be utilised for purchase or construction of a house. Property is mortgaged to the lender as a security till the repayment of the loan. You can also get your existing loan transferred at a lower rate of interest.

 

Usually banks finance upto 85% of the value of the property.

 

Sub-Categories -

  • Home Loan for residents / NRIs
  • Loan for repairs and extension / renovation
  • Land purchase loan ( development authority / large recognised builder )
  • Top-up Loans over existing loans
  • Loan against property ( for business expansion or any other need ) 

 


Our Process

  • Fix an appointment with True Money at your place or our office.
  • At scheduled time our representative will pick the documents.
  • Loan is approved by the institution selected by the customer.
  • After financial assessment and legal & technical verification to the satisfaction of the lending bank, loan is disbursed to the customer or to the builder or to the seller depending upon the nature of the transaction.


Documents Required

  • Application form with photographs of applicant and co-applicant.
  • Income documents ( Last 3 years' ITRs / Bank and Loan Statements for 1 year. 3 years' Balance Sheets for self employed ).
  • Proof of Identity: Passport / Driving License / Voters ID / PAN Card / Aadhaar Card  ( any one ).
  • Proof of Residence: Leave and License Agreement / Utility Bill / Passport / Aadhar Card  ( any one).
  • Property’s legal and technical documents.


Rate of Interest and Processing Fee

  • ROI and processing fees depends upon customer profile and respective bank policies.

 

  • Home Loan  :  8.50% to 8.60%.

 

  • Loan against your own property : 

                          Residential :  9.25% to 9.75%

                          Commercial : 9.25% to 10.00% 


Our Fee

We do not charge any fee for this service.

It remains our endeavour to arrange the loan at the best possible rates.


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