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HOME LOAN: Apply for Housing Loan Online

Owning a home is a dream and in 2021 an availability can make this dream a reality. In fact, purchasing own house is also one of the best investments in life. And competitive-interest rates, easy EMIs and quick loan processes have been encouraging more people to than ever before.

Nonetheless, purchasing a home needs a lot of research and planning like your preferred location and the selection of the best financial institutions that not only give you a best-interest but also provides customised as per your requirement. Aavas Financiers Ltd. is one of those best home loan financial institutions that provide an . Besides that, it also offers a number of other benefits like speedy approval, easy process, flexible long tenure, competitive interest rates, easy EMI along with minimum paperwork, and fast online services.

Features of Aavas Home Purchase Loan

We offer purchase loan for flat, house or bungalow from builders or Development Authorities as well as resale properties

Loan amounts starting Rs 1 Lakh

Attractive interest rates

Tenure of up to

o 30 years for salaried customers (from government/ PSU/ Private sector) with more than ₹ 35,000/Month

o 25 years for other salaried customers

o 20 years for self-employed customers.

We are a perfect partner for your preferred property, which may be:

o Development Authority

o RERA Approved Flats

o Municipal Corporation/Nagar Palika

o Freehold

o Gram Panchayat

o Housing loans for purchasing property from different authorities

o Home loans for construction on a plot allotted

o Doorstep guidance from our executives

o Home loans can be availed in 11 states.

Integrated branch network that facilitates loan servicing at a branch convenient to you.

Aavas Home Loan Benefits-

  • Home loans can be availed online in a few steps
  • Attractive interest rates
  • Housing loans for purchasing property from different authorities
  • Doorstep guidance from our executives
  • Eligibility criteria for Home loan:-

    Anyone fulfilling the below criteria is eligible for a home loan from Aavas.

    Nationality Resident of India
    Age 21-65 Yrs
    Maximum Loan Tenure 30 Yrs
    Employment Salaried or Self-employed
    Work Experience 1 Years or more

    Home loan eligibility depends on factors like one's nationality, CIBIL Score, employment and such. Check your loan eligibility with the help of our easy to use Home loan eligibility calculator.

    Documents Required for Home Loan

    Application form Duly filled by the applicant along with 2 passport size photos
    Proof of identification Driving license, Voter id card, PAN card, Aadhar card, Passport
    Age proof Driving license, Voter id card, PAN card, Aadhar card, Passport, Class 10th marksheet, Birth certificate
    Residence proof Driving license, Voter id card, PAN card, Aadhar card, Passport, Bank passbook, utility bills
    Income statement Bank passbook, IT returns of last 3 years, Payslip of last 2 months, Certified letter from the employer, Form 16
    Property papers Original documents against which the loan is to be taken

    To get more details about the Documents Required for Home Loan Click Here

    Aavas Home Loan Clients Experience:

    Before Aavas empowered us to purchase a good home, we used to live in a one-room house at the community which wasn't conducive to the overall growth of the kids. In fact, even our friends and relatives very reluctant to come and stay with us. Now I have a 2 BHK home, where my kids can study without disturbance, they have ample place to play in the neighbourhood. And now even friends visit us more often. Thanks Aavas for giving us the home loan.

    Rahul from Gujarat

    Some interesting facts on Home Loan

  • As many as 20 % of total applicants were for a home loan with Aavas in the last 30 days.
  • Kota in Rajasthan has witnessed a notable hike in the number of people looking for a housing loan.
  • Applicants with the avg. age of 41 years were the most active age group to apply for a home loan.
  • 25% of home loan applicants were men, who want to have their first home.
  • Frequently Asked Questions (FAQs) for Home Loan

    What is home loan?

    A home loan is an amount borrowed from any organization for the purpose of purchasing a home.

    How do I apply for a Home Loan?

    An individual can get a home loan after following 7 steps-

  • Fill in the application form
  • Documents verification
  • Verification of background
  • Payment of processing fees
  • Loan approval process
  • Procurement of property papers
  • Procurement of Loan disbursal papers
  • How much home loan can I get?

    It depends on your earnings and credit history. The more is your yearly earning the more home loan you can get and if you have a good credit history; it will be easy to get the required loan from a bank.

    How is EMI of Home Loan calculated?

    EMI of home loan is calculated on the basis of the Home loan amount which includes the interest charged by the financial institution divided by the tenure for which the loan is taken. Our Home loan EMI calculator helps you to calculate EMI online.

    Is there any tax benefit available on Home Loans?

    Applicant with a housing loan can get benefits and exemptions in income tax under Section 24 or Section 80C of the Income Tax Act. You can get Rs. 2, 00,000/ under section 24 for interest amount paid and up-to Rs. 1, 50,000/ for principal amount paid in one financial year.

    Which factors affect your home loan eligibility?

    The following factors affect the home loan eligibility-

  • Age
  • Loan Amount
  • Income statement
  • Tenure
  • Credit score
  • When does the loan repayment period start?

    Home loan repayment starts after the construction of home has been started or within one month of loan amount disbursal.

    What do you understand by floating/fixed rate of interest in Home Loan?

    Housing loan interest are of two types- fixed and floating. The interest that fluctuates according to the market situation is called floating interest rate. When the EMI is fixed throughout loan tenure, is known as the fixed interest rate.

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