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 Gram Panchayat
● Integrated branch network that facilitates loan servicing at a branch convenient to you.
What is a home loan and how does it work?
The amount of money borrowed from any institution for financing the purchase of a home. The borrowed amount is then repaid along with the interest charged by the institution.
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 do I apply for a Home Loan?
The individual can get a home loan after following these 7 steps-
How is Equated Monthly installment (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 institution divided by the tenure for which the loan is taken.
What are the documents required for applying for a Home Loan?
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Is there any tax benefit available on Home Loans?
According to section 80C, the home loan applicant can get a tax benefit available for 1.5lakhs â 2 lakhs every year.
Which factors affect your home loan eligibility?
The interest rate fluctuating the EMI according to the market situation is known as the floating interest rate. When the EMI is fixed it is known as the fixed interest rate.
What are the different types of home loans available in India?
There are 5 different types of different home loans available-
New Customer Existing Customer