Get the Best Home Loan Deals with LoanwaleBaba
Through LoanwaleBaba you can now access easier ways to purchase your dream house. LoanwaleBaba provides the best home loan choices from major banks and NBFCs which offer competitive rates together with flexible payment terms. Our company provides suitable financing solutions no matter if you need funds to purchase a new house or build a new property or renovate your current home.
Why Choose LoanwaleBaba for Home Loans?
💰 Best Interest Rates
Home loan customers can access interest rates beginning at 8.50% p.a. for affordable financing.
🔄 Home Loan Balance Transfer
You can shift your current home loan to another financial institution offering lower interest rates to achieve better savings.
👨💼Expert Assistance
Financial experts at our organisation assist clients in selecting the most appropriate home loan solution for their particular needs.
🚀No Prepayment Penalty
Prepay your home loan anytime without any additional charges.
⏳ Flexible Tenure
The repayment period extends up to 30 years to match your financial requirements.
📲 Easy Online Tracking
Check your loan application status online through our digital interface.
🏡 Quick Approvals
You can get quick home loan approval through an easy documentation process.
Types of Home Loans We Offer
Home Purchase Loan
You can obtain a loan specifically designed for property acquisition to buy your dream house.
Home Construction Loan
You can construct your ideal home through a personalized loan which handles all construction expenses.
Home Renovation/Improvement Loan
Home Extension Loan
You can achieve home expansion through loans that support residential construction projects.
NRI Home Loan
The financial institution provides specialized home loan products for Non-Resident Indians who wish to buy real estate in India.
Home Loan for Salaried Professionals
The bank provides specific home loan programs to doctors and engineers alongside government employees.
Home Loan Eligibility
| Criteria | Salaried | Self-Employed |
|---|---|---|
| Age | 21 to 58 years | 25 to 65 years |
| Income | Min ₹10,000/month | Min ₹2,00,000/year |
| Employment Stability | Min 2-3 years experience | Min 3 years business stability |
| Credit Score | 750+ for better approval | 750+ for better approval |
Documents Required
For Salaried Individuals
- PAN Card & Aadhaar Card
- Salary slips (last 3 months)
- Form 16 & Income Tax Returns
- Bank statements (last 6 months)
- Employment proof
For Self-Employed Individuals
- PAN Card & Aadhaar Card
- Business registration proof (Trade License, GST Certificate, etc.)
- Profit & Loss statement
- Bank statements (last 6 months)
- Employment proof
For NRI Applicants
- Passport & Visa copies
- Overseas employment proof
- NRI bank account statements
- The required documents include Property documents such as Sale Deed and NOC among others.
Home Loan Fees & Charges
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 0.5% to 4% of Loan Amount |
| Loan Cancellation | Usually ₹3,000 to 5% of Loan Amount |
| Stamp Duty Charges | As per the Value of the Property and State Tax |
| Legal Fees | As per actual |
| Penal Charges | Usually 2% per month |
| EMI / Cheque Bonus | Approximately ₹499 to ₹599 |
Home Loan Fees & ChargesHome Loan EMI Calculation
The Home Loan EMI Calculator at LoanwaleBaba helps you calculate your monthly payments by combining the loan amount with the interest rate and loan duration. LoanwaleBaba enables you to improve your financial planning through its services.(can add a home loan EMI calculator)
Tax Benefits on Home Loans
How to Apply for a Home Loan with LoanwaleBaba?
Step 1: Check Your Eligibility
The online eligibility checker will show you what loan amount you qualify for.
Step 2: Compare Loan Offers
Select the ideal home loan from among our multiple bank partners.
Step 3: Submit Documents
Secure document upload through our portal enables verification of your information.
Step 4: Loan Approval & Disbursement
After successful approval, the loan funds will be directly transferred to your account.
