Home Loan FAQ
What is home loan?
When can I apply for a Home Loan?
What types of Home Loans are available?
How do I avail Home Loan?
What is the maximum Home Loan Amount I can get?
What is the eligibility criteria for home loan?
Mostly it is your repayment capacity which is depending upon other factors such as your age, your monthly income and expenditure, your credit history, value of the property etc
How long does it take to get my application processed and the loan sanctioned?
It takes around one weeks for processing of one’s application if all the necessary documents are in order and takes another week for the bank to inspect the property papers and make the disbursement.
What documents are needed for loan approval?
Can I take a Home Loan for construction in one city while working in another city?
What does market value of the property mean?
I want to buy a house which is B Khata with DC conversion, can I get a loan for B Khata House?
What is Hakupatra property?
- They cannot transfer the land for at least 15 years
- The property cannot pledged or gifted
- The property cannot be rented