In the pursuit of owning your dream home, the most common path taken is through a Home Loan. Many financial institutions, including public and private banks, extend their helping hand in making this dream a reality. With a housing loan, you can access the funds needed to purchase your ideal abode, repaying it conveniently through Equated Monthly Instalments (EMIs). The loan tenure, ranging from 10 to 30 years, is tailored to your age category and financial preferences.
Thanks to housing loans, you can secure a substantial portion, typically 75-90%, of the total agreement value, making your dream home more attainable than ever before.
Get Flexible Home Loans That Suits Your Need
At Dhairya, we offer home loans that go above and beyond, providing you the opportunity to secure up to Rs.10 crore.
Our competitive interest rates, starting at a mere 8.40% p.a., are complemented by extended loan terms and flexible repayment options, making your journey to homeownership truly unique. Our streamlined documentation process ensures swift approval, with our dedicated customer service team responding within just 30 – 45 minutes, setting a new standard for excellence in housing loans.
Property Loan
Home Loan is the most common type to buy a house. There are many finance institution, public banks and private banks that offers housing loans where you borrow money to purchase a house and you can repay this through EMI’s. You can borrow a loan for the period of 10 years, 20 years and 30 years as per your age category.
Through Housing loan from banks you can get 75-90% amount of total agreement value.
Banking Partners
Frequently Asked Questions T&C Applied
Land/Plot loan – Banks offer such type of loan to buyers intending to purchase land parcels for constructing their residential units. About 70 percent of the total cost of the land can be availed.
Construction loan – Most common type of home loan availed by a major share of semi-urban population to build a home meeting their requirements on a land parcel you already own. All housing finance companies and banks provide home construction loan.
Home extension/improvement loan – You can also avail loan for any sort of extension or improvement in your house, be it a new room or a new floor. The housing finance companies and banks offer loan for home improvement/renovation purposes such as painting, plumbing, electrical system, interior designing and waterproofing.
Home conversion loan – Such home loan is taken by people who have bought a house on a home loan but would now intend to buy and move to new house. With these loans, applicants can fund the purchase of the new house by shifting the running loan to the new unit.
Balance transfer loan – It can be availed when an applicant wishes to transfer home loan from one bank to another. It is usually adopted to repay the remaining amount at lower interest rates.
NRI home loan – It is designed for NRIs who wish to construct or buy a home in India.
There are some hidden charges applicable while opting for a home loan.
- Conversion Fees
- MODT Charges (Memorandum of Deposit of Title Deed)
- Document Retrieval Charges
- Administrative Charges
- Legal Fees
- Valuation Fees / Inspection Fees
- Documentation Charges
- Switching Loan Package
- Changing Loan Tenure
- Statement of Account
1.Divide interest rate by the number of payments. If you are making monthly payments, divide by 12.
2.Multiply it by the loan amount.
Doing this will give you the amount of interest.
The process of getting a home loan is simple. But you need to be aware of all documents required before applying for the loan.
- Fill loan application form with all required documents
- Pay processing fee
- Discussion with the bank
- Valuation of the submitted documents
- Loan approval process
- Processing of the offer letter
- Legal check
- Final loan deal, signing the agreement, and disbursal
Home loans comes with a minimum tenure of five years and goes up to a maximum tenure of 30 years. The tenure offered to you is dependent on the loan amount. Note: Not all banks offer 30 years tenure. It is advised to check the maximum tenure before applying for a home loan.
If you are applying for a home loan, you need to furnish the following documents – Proof of Identity – PAN Card, Driving license, Voter ID, Aadhar Card Proof of Income – All salaried applicants are required to submit their latest 3 months’ salary slip with all deductions and Form 16 for the last three years. In case of self-employed applicants, IT returns for the past two years is mandatory. The computation of income must be certified by a professional Chartered Accountant.
Any applicant needs to meet the eligibility criteria to get home loan. A house wife can too avail the home loan if she is found eligible for it. As house wives do not have a steady source of income, it is advised to get a co-applicant on board.
For taking home loan, an applicant must secure a CIBIL score of 750 or above to qualify. Higher the score, better are your chances of getting loan approved.
Yes, you can take home loan on your wife’s property. But, to get tax benefits, you need to be a co-owner or owner of the property. You can get home loan by submitting requisite documents.
Banks do not reject your home loan for a property which is in your father’s name. But, you won’t be able to get the income tax benefit if you are not a co-owner or owner of the property. You can get home loan by submitting requisite documents.
Yes, a home loan can be pre-approved. A pre-approved home loan is granted after scrutinising your income, credit score and financial position. It is valid for a limited period.
Your salary is the first criteria considered by the lender (banks and other home loan financing companies) while sanctioning the loan amount. The home loan amount is calculated on 65 percent of your gross income. However, you can increase your loan amount by bringing in a co-applicant.
Yes, you can easily apply for a joint home loan. Joint home loans can be availed by an applicant with his/her spouse, parents or own siblings. Such a home loan cannot be taken with just any person. Yes, incomes of both the applicants will be considered while disbursing the loan amount. It is always recommended to get a joint home loan as it enables you to get a higher loan amount.
Usually, a loan amount is disbursed within 3-10 days after completing all requisite procedures and verifying submitted documents.