Rating Home loans

Company Rating Review time
Bajaj Finserv


Reiviews: 0
15 min
Kotak Mahindra Bank


Reiviews: 0
15 min
Aditya Birla Carital


Reiviews: 0
15 min

Why would i need a home loan?

If you are tired of paying rent, or have things to be fixed in your house but saving money is taking too long, don’t despair. We may have a fast and affordable solution so you can get your own place or make all the renovations you need to have it like new again. All you have to do is search the best home loans and pick one suitable to your needs.

A home loan can be used to buy or construct a house or apartment. It can also be used for renovations, alterations or to repair your current place. We are here to ensure you get the best home loans in India. A loan can also help with the payments since it can have tenures up to 30 years! Plus, since installments are fixed, you can plan your finances in advance to repay the loan without any trouble.

Also, a great advantage about home loans is the possibility to have co-participation of a family member, such as spouses, your parents, your siblings, your in-laws and even your children. If you are a pensioner, we can find options for you too. And, for female borrowers, we can find offers with special rates. Don’t let the chance of owning your own home slip by!

What does a home loan entails?

To get your home loan, you need to have proof of ID and residence. Overall, being older than 21 years old is also a requirement to ask for a home loan, but you may find options for 18-year-old applicants. Some financial institutions will require the applicant to be younger than 65 years old, but pensioners with repayment ability might be considered. The option for co-applicants is also available in some cases. If you are a salaried person, you will have to present proof of your financial past through your balance sheets or by payslip statements of a minimum period, which could be of at least the last 3 years. In other cases, you may need to have a salary certificate and\or proof of income for the past 6 months and a letter from your employer. For some lenders, being employed for at least 2 years can be mandatory. But if you are self employed, what you need is proof of at least 2 years experience and an address proof of your business and bank statements from the company. You can also be asked about other income sources you may have, or about income taxes and revenue records.
All information will be used to help calculate your loan total, interest rates and tenure period. It will allow you to get the best option to meet your needs with a monthly installment you are comfortable paying. Pay attention to other financial obligations you already have, because rent and other loans can be considered when calculating your monthly installment or even the total for the loan.

Which ones are the best banks for home loans?

RadjaCredit is going to search the best bank options for your case. We will compare rates, fees and options available for you and your financial plans. Perhaps you wish a bank that offers you the possibility to have co-applicants, so you can add their income to be considerate as well for the best personal loan, so you can be granted a bigger amount to borrow.

We will let you know if the bank offers insurance for your property and what are the clauses covered. When giving you our best home loans in India review, we will also list the banks which offers approved projects from builders. Other items such as processing fees, maximum loan tenure and if they have prepayment charges or reductions for part payments of the main amount will also be checked in our rating, so you have all the options that help you to pay your best short term loan faster.

If you are a woman, you may be interested to know which banks offer special rates for women. We will also provide you which banks accept home loan transfers so you can get better deals to reach the best home loans suitable for you or your family.

So don’t wait any longer to get your new house! Check the options available, be sure to find a monthly payment that fits your budget and enjoy it!