Features :

 

Home Loan Tenure: Tenor of a home loan can be up to 20 years for a resident individual (salaried & self employed                        professional) whereas for Self employed (resident Indian) & NRIs(salaried) the maximum tenure is 15 years subject to maximum age of 65 years at termination of loan.

 

Home Loan Funding: The home loan amount depends on your repayment capability and normally, loan can be applied for a maximum of 80% % (90% in certain scenarios) of the property value.

 

Home Loan Eligibility Criteria: Parameters considered include age, income, number of dependents, financial stability and co-applicant's income.

 

Applicant and Co- Applicant to the loan: Home Loans can be applied for either individually or jointly. Proposed owners of the property will have to be co-applicants. However, the co-applicants need not be co-owners.