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Basic Home Loan Details

Are you dreaming of owning your own home? With the rising real estate market, it may seem like an unattainable goal. But fret not, because Basic Home Loan is here to help you turn your dreams into reality. With a wide range of home loan products and offers, Basic Home Loan is committed to providing the best home loan deals tailored to your needs. Whether you're a first-time homebuyer or looking to upgrade to a new home, we have the perfect solution for you. Let's explore everything you need to know about Basic Home Loan and how you can secure your future today!

Home Loan Rates & Charges

When availing a home loan, it's crucial to consider the interest rates and charges associated with it. Basic Home Loan offers competitive interest rates starting as low as 7.75% per annum. The interest rate may vary depending on various factors such as loan amount, tenure, and your creditworthiness. It's advisable to compare the interest rates offered by different banks and NBFCs to find the best deal.

In addition to the interest rates, there are certain charges that you need to be aware of:

Processing Fee: Basic Home Loan charges a nominal processing fee starting at 0.25% of the loan amount plus taxes. This fee covers the administrative costs involved in processing your home loan application.
Prepayment Charges: If you decide to prepay your home loan before the completion of the tenure, Basic Home Loan may charge a prepayment fee. It's essential to understand the prepayment charges and factor them into your financial planning.

It's advisable to discuss the interest rates and charges with Basic Home Loan to get a clear understanding of the financial implications before proceeding with the loan application.

Home Loan Eligibility Criteria

Before applying for a home loan, it's crucial to understand the eligibility criteria set by Basic Home Loan. Meeting these criteria will increase your chances of getting approved for a home loan. Here are the key factors that determine your eligibility:

Age: You must be at least 21 years old and not exceed the age of 65 at the time of loan maturity.
Employment Status: You should be a salaried individual or self-employed with a stable source of income.
Income: Your income plays a vital role in determining your loan eligibility. Basic Home Loan sets a minimum income requirement based on various factors.
Credit Score: A good credit score reflects your creditworthiness and financial discipline. Basic Home Loan considers your credit score when assessing your eligibility.
Property Documents: The property you intend to purchase should have clear and marketable title deeds.

Meeting these eligibility criteria will increase your chances of getting approved for a home loan. However, it's essential to note that the criteria may vary depending on the specific home loan product and offer you choose.

Documents Required for Home Loan

Applying for a home loan requires you to submit certain documents to Basic Home Loan. These documents provide evidence of your identity, address, income, and property details. Here is a list of the commonly required documents for home loan:

Identification Proof : Aadhaar Card, PAN Card, Passport Aadhaar Card, PAN Card, Passport Address Proof Utility Bills, Driving License, Voter ID Utility Bills, Driving License, Voter ID

Income Proof Salary Slips : Form 16, Bank Statements ITR, Profit & Loss Statement, Bank Statements

Property Documents : Sale Agreement, Sale Deed, NOC from Builder, Property Tax Receipts Sale Agreement, Sale Deed, NOC from Builder, Property Tax Receipts Bank Statements Last 6 months Last 6 months

It's essential to ensure that all the documents are accurate, complete, and up to date. Any discrepancies or missing documents may lead to delays in the loan approval process. Document may vary for Salaried Individuals and Self-Employed Individuals.

How to Apply for a Basic Home Loan Online

Applying for a Basic Home Loan is quick, easy, and hassle-free. Follow these simple steps to apply for a home loan online:

Visit the Basic Home Loan website and navigate to the home loan section.
Fill in the online application form with your personal, employment, and income details.
Upload the necessary documents as per the document checklist provided.
Review the loan terms and conditions, interest rates, and charges.
Submit the application and wait for Basic Home Loan's approval and verification process.
Once approved, Basic Home Loan will disburse the loan amount to your designated bank account.

It's important to provide accurate and complete information in the application form to avoid any delays or rejections. Basic Home Loan's team of experts will guide you through the entire process and assist you in making your dream of owning a home come true.

Importance of Home Loan EMI Calculator

Buying a home is a significant financial decision, and one of the essential factors to consider is the Equated Monthly Installment (EMI). The EMI is the fixed amount you need to pay each month towards repaying your home loan. Calculating the EMI manually can be a daunting task, considering the various factors involved, such as the loan amount, interest rate, and tenure. This is where the Home Loan EMI Calculator comes to your rescue.

The Home Loan EMI Calculator is a powerful tool that helps you determine the EMI amount based on your loan amount, interest rate, and tenure. It eliminates the need for complex calculations and provides you with instant results. By using the Home Loan EMI Calculator, you can plan your finances better and make informed decisions about your home loan. It gives you a clear picture of your monthly financial commitment and helps you budget accordingly.

Apply Now for a Basic Home Loan

Are you ready to take the first step towards owning your dream home? Don't wait any longer, apply for a Home Loan now!

What our customers say about us

Service provided by Manoj Patel in Surat vesu Branch was helpful and because of his support we were able to close loan.

Prakash Patil

Home Loan | 23 Aug, 2024

Excellent A1 Services. The Lady at the Customer Desk is very Cooperative and helpful so that my work completed without the time frame. The name of the Lady is Amruta Pathak. God bless her and her family. Thanks and Regards for the entire team of Tata Capital.

Nandlal Lal Arora

Home Loan | 13 Aug, 2024

Very good & prompt service, and we have spoken to Mr. Manish also, and he always helps us to provide our request. Thank you, Ms Apurva Shende & Manish Padwal

Farhang Ahmed Azar

Home Loan | 24 Jul, 2024

I'm happy with the service and the help I got earlier for foreclosure letter. Thank you so much & thanks to Alisha mam for her guidance.

Akshay Anil Pawar

Home Loan | 17 Jul, 2024

Special thanks to Mr. Avinash for his help rendered with full commitment to his job, answering the queries to me clearly, and follow up so that the work is done in given time to get customer satisfaction.

Hannah Grace

Home Loan | 02 Jul, 2024

Mr Avinash who handled my case is well experienced and has courtesy for customers' concerns. However, some of the Tata Capital products are very expensive when compared to other banks' ones!

Mohammed Shakeel Urrahman

Home Loan | 28 Jun, 2024

Start to end of my loan process was simple and guidance of your team members were to the point. My last communication was with Mr. MANOJ PATEL from surat branch he was very polite and helpful.

Anamika Vijaykumar Tiwari

Home Loan | 20 Jun, 2024

We extend our heartfelt gratitude to Mr. Pravin Sagare, Senior Officer of Customer Service, for his exceptional service. His remarkable demeanor and professionalism during telephonic interactions with customers have been truly outstanding. Over the past two years, we have utilized various services, yet none have matched the quality provided by Mr. Sagare. We are deeply impressed by the exemplary service, due to this reaons we has influenced our decision to obtain a second home loan from TATA Capital Housing Finance Limited.

Avinash Vasantbhai Bhesaniya

Home Loan | 07 Jun, 2024

I had applied for a home loan at Tata Capital & got the it approved quickly. The process was smooth and sanctioned with sufficient amount with tenure period of 20 yrs.

Sumeet Verma

Home Loan | 14 Mar, 2022

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