Home Loan: Apply for Housing Loan Online

Owning a home is a dream and in 2022 an easy home loan 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 buy a house 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 home loan but also provides customised home loans as per your requirement. Aavas Financiers Ltd. is one of those best home loan financial institutions that provide an affordable housing loan. 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.

Apply For Home Loan Calculate Your Home Loan EMI

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
- 30 years for salaried customers (from government/ PSU/ Private sector)
- 25 years for other salaried customers
- 20 years for self-employed customers.

We are a perfect partner for your preferred property, which may be:
- Development Authority
- RERA Approved Flats
- Municipal Corporation/Nagar Palika
- Freehold
- Gram Panchayat
Integrated branch network that facilitates loan servicing at a branch convenient to you.

Aavas Home Loan Benefits-

Home loans can be applied 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
Maximum Loan Tenure	30 Yrs
Employment	Salaried or Self-employed
Work Experience	1 Years or more

Home 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.

Documents Required for Home Loan

For Salaried People
For Self Employed People

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

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

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)

Click to get more details about the Documents Required for Home Loan

Tips to consider while applying for home loans

A home loan helps you fulfill your dream of owning a residential property and at the same time, you enjoy benefits like asset building, tax benefits, easy-to-pay monthly EMIs, and many more. Let’s discuss some tips that can help you while applying for a home loan:

It is essential to check how much would be the monthly EMI you need to pay for the home loan. For this, you can use an online home loan EMI calculator and calculate how much monthly EMI you would be paying on a particular sum of the loan amount.
Before you go through the home loan application process, you need to make sure whether you meet the eligibility requirements for a home loan or not. For this, use the home loan online eligibility calculator.

Before applying for a home loan, you should check the home loan interest rate. This will help you make a better decision based on your financial planning.
Also, you must collect all the important and mandatory documents required for home loan. This will save a lot of time and avoid unnecessary hurdles.

Frequently Asked Questions (FAQs) for Home Loan

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

An individual can get a home loan after following 4 easy steps-

Fill up the application form
Submit the required documents such as land documents, age and residence proof and income details.
On successful submission of the application, deposit the processing fee
After loan approval, you will get the required home loan.

Please refer to our Home loan EMI calculator, which helps you to calculate EMI online.

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.

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.

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

No lender is permitted to offer 100% home financing as per the RBI guidelines. You need to bear some proportion as a down payment as well.

Home loans available in India are:

Home loan
Home construction loan
Loan for plot/land purchase plus construction loan
Loan against property
Home loan balance transfer
Home repair & renovation loan
Loans under the Pradhan Mantri Awas Yojana scheme

Aavas Financiers Ltd. is one of those best home loan financial institutions that provide an affordable housing loan. Besides that, it also offers many other benefits such as speedy approval, easy process, flexible long tenure, competitive interest rates, easy EMI along with minimum paperwork, and fast online services.

Call us on Toll free number - 1800-20-888-20 or apply for home loan online on website.

Once the disbursement cheque is created and you receive the loan amount, your home loan EMI will start.

All co-owners of the property are also the co-applicants to the house loan. Usually, co-applicants are close family members.

The tenure of a home loan generally varies from 3 to 30 years.

Ratings and Reviews

Ashok Gupta

5/5

नमस्कार! मैंने आवास से होम लोन लिया है । मेरा लोन आवेदन महज 5 दिन में स्वीकृत हो गया। इसमें मेरी आवास कि टीम के ब्रांच मैनेजर, ब्रांच हेड और क्रेडिट मैनेजर ने मेरी मदद करी और मैं उनका आभार व्यक्त करता हूं। मैंने अपना होम लोन का आवेदन अन्य बैंकों में भी दिया था, लेकिन मुझे बहुत निराशा हुई। मगर आवास के साथ मेरा अनुभव बहुत ही अच्छा रहा। आवास होम लोन के साथ जुड़ने के लिए मैं बहुत आभारी हूं। मुझे काफी सपोर्ट मिला और मैं धन्यवाद व्यक्त करता हूँ। धन्यवाद।

Posted on: 21-Sep-21

Yogendra Singh Gour

5/5

Best home loan company in India, Disbursement process is very fast ...
Thanks to Aavas

Posted on: 22-Feb-22

Divesh Sharma

5/5

Great company with a smooth loan process. Customer service is up to the mark.

Posted on: 4-Jul-20

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