About Home Loan

To make your home loan journey a smooth sail, in this article we will help you to know eligibility criteria, rates of interest, process, necessary documents, comparison and transfer for lowest rates.

A home loan is a secured loan that is obtained to purchase a property by offering it as collateral. Home loans offer high-value funding at economical interest rates and for long tenors. They are repaid through EMIs. After repayment, the property’s title is transferred back to the borrower.

A home loan is provided by a bank or financial institution (lender) to a borrower for buying a residential property. The lender holds claim over the property until the loan is paid back in full along with interest.

Issue post-dated cheques for the duration of the home loan. Get the amount automatically deducted from one’s salary. The borrower can issue instructions ECS (Electronic Clearing System) wherein the EMI is automatically deducted from the bank every month.

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Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

New Home

New Home Loan at basic interest rates from SARVAKISHI FINANCIAL SERVICES. You can apply online and check your eligibility and easy EMI. Fast Approval for your new home loan.

Home Conversion

A home conversion loan is a scheme for those who have already taken a housing loan. This loan follow some rules and regulations.It is a part of loan.

Land Purchase

Borrow Loan offers home loan for land purchase to make your dream home. You can compare home loan rates with our compare loan table. Apply online for Home Loan.

Home Renovation

Get instant approval for renovation your home. Borrow introduce home improvement loan. It is with basic rate and flexible EMI repayment.For more detail you can check our loan products.

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Features of Home Loan

All loans are not created equal, personal loan has become a great option for people to use.

Salaried & Self Employed

Our loan sanction is one of the quicke with eas documentation and doorstep service .

Loan For Agriculturists

We support the farmer by way of Short term credit for financing crop production, by helping with purchase of seeds, fertilizers, pesticides etc.

Home Loans For NRIs

NRI Home Loans are available with lowest interest rate starting from 6.85% p.a. You can take an NRI housing loan for a wide range of housing needs.

No Morgage

Mortgage Loans at competitive interest rates. Apply for a Home Loan with No Income Proof, Flexible Repayment Options.

Home Loan - Eligibility

Banks have a list of eligibility criteria for home loans. The first thing banks look at is one’s credit history to understand their repayment habits. Typically, a credit score of 750 and above is preferred. Some other important factors taken into account are as follows:

Employment Type
Minimum Annual Salary
Collateral Security
Margin Requirements
Assets, liabilities, stability, and continuity of occupation
Residency status (Resident Indian/ Non-Resident Indian)



Maximum age of applicant at loan maturity: 60 years


Minimum Net Monthly Income: Rs 15,000

Credit Rating

Applicant should have the bank specified credit score.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

You simply manifest to promote off the ancestral assets that fetches you a brilliant deal of cash! Well, no question it’s a brilliant feeling, however it places you in a catch 22 situation. Should you repay your housing mortgage? Honestly, domestic mortgage foreclosure is a smart selection because it brings down your standard fee of the assets with the aid of using lowering your hobby outgo. But, the selection-making procedure is the problematic part, wherein maximum debtors get confused. It’s essential to component withinside the execs and cons of a domestic mortgage foreclosure, so study on!

Let’s begin with a regular monetary lesson that maximum of you is probably conscious of. The aspects of hobby price i.e.

The paying side The gaining side It’s apparent that each one people desires to stay at the gaining side. But how do you try this if you have loans which makes you stay at the paying side! Well, there’s sincerely a workaround to keep a few hobby fee with the aid of using making early bills in your loans that allow you to keep a variety of cash.

But then again, is it really useful to surely repay your loans if you have surplus cash?

Well, that’s wherein the catch 22 situation starts. So let’s understand:


You must confirm with your lender how your home loan eligibility is calculated. Mostly all the banks offer a home loan amount that is up to 60 times your existing net income per month. Also, banks do not take into consideration leave or medical allowance while making the calculation. Banks also take into consideration your CIBIL (credit) score and also your commitments to other EMIs (if any). Therefore, you need to understand what exactly your lender is looking for while calculating your home loan eligibility.

Once your home loan application is approved, the home lenders ask for a processing fee before sanctioning the loan amount. The processing fee varies from bank to bank and usually costs somewhere between 0.5% to 2.50% of the loan amount. Although the processing fee amount is minimal, it can be an additional expense if you don’t know about it before applying for the home loan. Therefore, make sure that you ask your lender about the processing fee involved in your home loan.

The maximum duration of a housing loan for salaried individuals is 30 years and that of self-employed individuals is 20 years.

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Now apply for a Home Loan online, All you need to do is provide your details below application form.