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Resale Property Purchase Loan

To have a roof over our heads is still a dream for many of us. To fulfill this dream, we do every possible effort, but because of too much-crowded streets, it becomes difficult to find a property based on our preferences. For people who want to live within the central locations where they can get all the amenities, the best possible way is to go for a resale property purchase.

Now first let us understand what resale property means-

What is Resale Property?

A resale property is a ready-to-move-in place that a person purchases usually from an individual seller. Resale means any other seller or builder allotted the property to the current owner. There are huge benefits to getting a resale property including easy and fast home loan approvals, immediate possession, preferred location, comparative prices, and many more.

Features of Aavas Resale Property Purchase Loan

  • Loan amount starting Rupees 1 Lac
  • We are a perfect partner for your preferred property, which may be:
    • Development Authority
    • RERA Approved Flats
    • Municipal Corporation/Nagar Palika
    • Freehold
    • Gram Panchayat
  • We offer resale property purchase loans for a flat, house, or bungalow from builders or individual sellers
  • Tenure of up to
    • 30 years for salaried customers (from government/ PSU/ Private sector)
    • 25 years for other salaried customers
    • 20 years for self-employed customers.

Aavas Resale Property Purchase Loan Benefits

  • Attractive interest rates
  • Loans can be applied online in a few steps
  • Availability of a wide range of payment modes
  • Speedy loan processing and fast disbursals
  • Avail Tax benefit on resale property purchase Loan
  • Professional team to provide you with doorstep services
  • Integrated branch network that facilitates loan servicing at a branch convenient to you

Eligibility Criteria for Resale Property Purchase Loan

Anyone fulfilling the below criteria is eligible for a resale property purchase loan from Aavas.

Nationality Resident of India
Maximum Loan Tenure 30 Years
Employment Salaried or Self-employed
Work Experience 1 Year or more

Resale property purchase loan eligibility depends on factors like age, income, tenure, and CIBIL score. Check your loan eligibility with the help of our easy-to-use Home loan eligibility calculator.

Need Assistance?
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Loan Amount, i.e=1000000

Documents Required for Resale Property Purchase Loan

Identity Proof

Your PAN Card is mandatory, and any one of these:

  • Passport
  • Voter ID
  • Aadhar Card
  • Driving License
Address Proof
  • Passport
  • Voter ID
  • Aadhar Card
  • Electricity bill/ water bill/ telephone bill
  • Driving License
Proof of Income
  • Salary Slips/Bank Statement/Form 16
  • Salary Certificate
Other Documents
  • Signed Application Form with Picture
  • Cheque For Processing Fee
  • Bank Statement of Last 6 Months
Property Documents
  • Title Deeds of the Property
  • Proof of No Encumbrances on the property
Identity Proof

Your PAN Card is mandatory, and any one of these:

  • Passport
  • Voter ID
  • Aadhar Card
  • Driving License
Address Proof
  • Passport
  • Voter ID
  • Aadhar Card
  • Electricity bill/ water bill/ telephone bill
  • Driving License
Proof of Income
  • IT Returns and/or Financial Statements of last 3 years And/or
  • Informal Income Documents
Other Documents
  • Signed Application Form With Picture
  • Cheque For Processing Fee
  • Proof of business existence
  • Bank Statement of Last 6 Months
Property Documents
  • Title Deeds of the Property
  • Proof of No Encumbrances on the property

Note 1: For a full list of KYC documents, visit your nearest Aavas Financiers’ Branch.
Note 2: Make sure all your documents are valid (not past expiry date in case of Driving License and Passport)

To get more details about the Documents Required for Resale Property Purchase Loan Click Here

Ratings and Reviews

Chander Swami
5/5

I am Very Happy With the Service by Aavas for home loan

Ankita Vora
5/5

Really Good Experience with Aavas... Transparent & Reliable for Customers & Good Service

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