Secure the ideal home loan with easy documentation and competitive low-interest rates!
Home Loan Features
Attractive Interest Rates
Minimal Documentation
30 Years of Tenure
Features and Benefits of our Home Loan
A vast array of institutions offer you the best home loan rates at the most competitive rates and affordable EMIs.
- Home Construction Loan: If you have a plot of land and lack financial support to construct a home on that piece of property, you may choose a house construction loan. Such borrowing is mainly made to construct or repair a major part of your home.
- Home Extension Loan: Should you already own a home, and feel the need to extend the building, add an annexe, or build another floor, etc., Home Extension Loan is your go-to option that finances such needs.
- Home Improvement Loan: All of us wish to improve and upgrade our homes for a better life. From your old-age furniture, fixtures to faulty lightning systems, Home Improvement Loan funds all your plans.
- NRI Home Loan: If you are a patriot, a Non-Resident Indian, and wish to own residential property in India, NRI Home Loan is your answer. Though the formalities for application may be a little different.
Home Loan Eligibility and Documents
Read on to know the criteria required to apply for our Home Loan.
Home Loan Eligibility
The basic home loan eligibility criteria are as follows:
Age:
- You must be above 21 years of age at the time of the commencing of your loan, and up to 65 years or less at loan maturity
- Salaried Person – 21 years to 58 years
- Self-Employed Person – 25 years to 65 years
Income
- Salaried Person – Minimum Rs. 10,000 per month
- Self-Employed Person – Minimum Rs. 2,00,000 per year
Employment
- Salaried Person – Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company
- Self-Employed Person – Minimum 3 years of Experience in the current field
Credit Score
- A credit score of 750 is considered a good score for approval.
Documents required to apply for Personal Loan
Income Proof Documents
1. Salaried Individuals
- Form 16
- Employee Identity Card
- 3 Months Salary Slip
- 6 Month Bank Account Statement
- Duration of Employment Evidence
2. Self-Employed Individuals
- PAN
- Trade License
- Partnership Deed
- Article of Association
- Memorandum of Association
- Import Export Code
- SEBI Registration Certificate
- ROC Registration Certificate
- Financial Statement Audited by CA
- Profit & Loss Account Statement
- Balance Sheet
- 6 Months Bank Account Statement
- Professional Practice License for Doctors, Consultants, etc
- Registration Certificate of Establishment for Shops, Factories, and Other Establishments
- Business Address Proof
3. Documents Required from all Non-Resident Indians (NRIs) Applicants
- Income Proof Documents for NRI
- Property Papers
- Property Documents
- Sale Deed
- Stamped Agreement of Sale
- Allotment Letter
- No Objection Certificate or NOC
- Housing Society
- Builder
- Possession Certificate
- Land Tax Receipt
- Construction Cost Estimate
- Bank Account Statement of Payment Made to Seller or Builder
- Payment Receipt of Payment Made to Seller or Builder
- Incase of resale property share certificate is required
- Occupancy Certificate
EMI Calculator for Home Loan
The monthly payment you make to repay your Home Loan is called an Equated Monthly Instalment (EMI). It includes both the principal repayment and the interest on the outstanding loan amount, spread across the loan tenure.
The Prime Loan Home Loan EMI Calculator is a powerful online tool that helps you make well-informed decisions about your home loan planning. With just a few clicks, you can accurately calculate your EMI in seconds—no complex math required. Plan smart, borrow wisely with Prime Loan!
Fees and Charges for Home Loan
The fees and charges of home loans usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to home loans:
Personal Loan Reviews
I was going through a tough phase in my business and couldn’t get financial support from any lenders. That’s when I connected with Sahil from Prime Loan Company, who suggested applying for a top-up home loan to fund my business needs. Thanks to their guidance and the top-up loan facility, I was able to keep my business afloat during challenging times. I’m truly grateful for their timely support and smart advice.
Seema Singh
Happy Client
I took a Home Loan of ₹20,00,000 from SBI through Prime Loan Company and received an excellent interest rate of just 6.90%. Being a government employee, I was offered low processing fees and minimal additional charges. The entire process was smooth and hassle-free. I’m extremely satisfied with the service and would highly recommend Prime Loan Company for the best home loan deals!
Raj Malhotra
Happy Client
I received a home loan offer from HDFC Ltd. through Prime Loan Company. Initially, I was considering another bank, but Prime Loan’s loan comparison service helped me make a better and more informed choice. The loan amount sanctioned was sufficient, with a tenure of 15 years and a moderate interest rate. I took this loan to purchase an apartment, and my EMI comes to ₹36,000. Pre-closure is allowed, with a locking period of six months. Overall, I’m happy with their service and would recommend Prime Loan Company for anyone looking for the right home loan.
Sameer Patil
Happy Client
I first used the Prime Loan EMI Calculator to get an estimate of my home loan EMI. The tool was very easy to use and accurate, which gave me confidence in their platform. I then applied for a home loan with Kotak Bank through Prime Loan Company. To my surprise, the loan was approved in just 10 days—much faster than most other home loan providers. I'm really satisfied with the experience and highly recommend Prime Loan for quick and reliable loan services.
Priya Nair
Happy Client
Home Loan FAQs
What is a home loan?
A home loan is a loan used to buy a home. It is repaid over 15 to 30 years and is secured by the property being purchased. If the borrower fails to repay, the lender can take possession of the property.
How do I qualify for a home loan?
To qualify for a home loan, you typically need a good credit score (usually above 620), a steady income, and a low debt-to-income ratio. Lenders also consider your employment history. If you meet all of the lenders perimeters than you are eligible for a home loan.
Can I prepay my home loan?
Yes, you can usually prepay your home loan in two ways such as full prepayment and part prepayment. If you have the remaining principle amount availabe with then you can fully pay the amount and close the loan or the payment also can be made in parts and the principle will be reduced by the same amount.
Is it possible to secure a 100% home loan from a bank?
No, it is not possible to secure 100% loan from the bank.However banks provide upto 90-95% of the agreement value.
What is the maximum home loan that I can get?
The maximum home loan that you can get is not capped by any amount but it is given on the basis of the agreement value and also the borrorwers income eligibilty and credit history. generally banks provide 90-95% of the agreement value.
What documentation is required for salaried professionals applying for a home loan?
Salaried professionals applying for a home loan need to provide proof of identity, address, and income, along with employment proof, Professional certificate income tax returns, property documents, bank statements,