Home Loan

You may obtain a home loan of up to 90% of the property's value, contingent upon your income and eligibility criteria. The loan amount varies from ₹25 lakhs to ₹50 crores, depending on your repayment ability and the valuation of the property.

You are eligible to claim a deduction of up to ₹1.5 lakhs for principal repayment in accordance with Section 80C, as well as a deduction of up to ₹2 lakhs for interest payments under Section 24(b) of the Income Tax Act. Furthermore, first-time homebuyers can avail additional benefits under Section 80EEA.

Indeed, we provide home loans for properties that are currently under construction. The disbursement of the loan occurs in phases, aligned with the progress of the construction. During the construction period, you are required to pay only the interest, and the Equated Monthly Installments (EMI) commence after you take possession.

The fixed rate remains unchanged for the entire duration of the loan, whereas the floating rate varies according to market conditions. Typically, floating rates are lower but subject to fluctuations. We assist you in selecting the most suitable option by considering market trends and your individual preferences.

Indeed, it is possible to make partial prepayments or to foreclose on your home loan. Generally, for floating rate loans, there are usually no charges for prepayment. However, fixed rate loans may incur minimal charges according to the lender's policy, which will be communicated in advance.