Owning a home is one of life’s greatest milestones, and we are here to make it a seamless and stress-free experience. At ebiz Consaltancy, we offer comprehensive home loan advisory services designed to meet your unique financial goals and lifestyle needs
Home Loan
Home Loan Solutions – Tailored for Your Dreams
Our Home Loan Services
⁎ Home Purchase Loans
⁎ Loan Against Property
⁎ Home Loan Balance Transfer
⁎ Home Construction Loans
⁎ Renovation & Extension Loans
Eligibility Criteria
⁎ Age : 21 to 65 years (varies by lender).
⁎ Income : Proof of a stable income source, including salary or business profits.
⁎ Credit Score : A healthy credit score (typically 650+).
⁎ Employment Status : Salaried or self-employed individuals are eligible.
⁎ Property Documents : Clear title and necessary approvals for the property in question.
FAQS
What is a home loan?
A home loan is a secured loan offered by banks or financial institutions to help individuals purchase, construct, or renovate a residential property. The property acts as collateral until the loan is repaid.
Who is eligible for a home loan?
Eligibility varies by lender but generally includes salaried individuals, self-employed professionals, and business owners. A stable income, good credit score, and valid property documents are typically required.
What is the tenure for a home loan?
Home loan tenures usually range from 5 to 30 years, depending on the lender and borrower’s preference
How long does it take to get a home loan approved?
Approval timelines vary by lender but typically take 7-15 business days after submitting all required documents.
What is the difference between fixed and floating interest rates?
• Fixed Rate: The interest rate remains constant throughout the loan tenure, ensuring stable EMIs.
• Floating Rate: The interest rate varies based on market conditions, potentially leading to lower costs over time but with fluctuating EMIs.
Are there any tax benefits on home loans?
Yes, under the Income Tax Act:
• Section 80C: Deduction of up to ₹1.5 lakh on principal repayment.
• Section 24(b): Deduction of up to ₹2 lakh on interest payment.
