OTP verfication
Verify OTP Number to make your account more secure and reset your account new password.
Enter OTP
Provide your registered email ID in the prescribed box and submit it to recover your password.
You can compare up to 3 properties at a time
If you're looking for a home loan, here www.aurangabadproperty.com can help you.
This is a completely obligation free process and we charge no fees for giving general advice in relation to home loans. However the more information you provide us, the more help we can be. The information you provide us is used only for the purpose of assessing your home loan requirements and we respect your privacy, so please ensure that you have read and understand our Privacy Policy before continuing.
This section contains comprehensive information about Home Loans, to answer all your queries:-
This is the basic home loan for the purchase of a new home.
This loan is available for the construction of a new home on a said property. If you have purchased this plot within a period of one year before you started construction of your house, most HFCs will include the land cost as a component, to value the total cost of the property. In cases where the period from the date of purchase of land to the date of application has exceeded a year, the land cost will not be included in the total cost of property while calculating eligibility.
These loans are given for implementing repair works and renovations in a home that has already been purchased, for external works like structural repairs, waterproofing or internal work like tiling and flooring, plumbing, electrical work, painting, etc. One can avail of such a loan facility of a home improvement loan, after obtaining the requisite approvals from the relevant building authority.
An extension loan is one which helps you to meet the expenses of any alteration to the existing building like extension/ modification of an existing home; for example addition of an extra room etc. One can avail of such a loan facility of a home extension loan, after obtaining the requisite approvals from the relevant municipal corporation.
This is available for those who have financed the present home with a home loan and wish to purchase and move to another home for which some extra funds are required. Through a home conversion loan, the existing loan is transferred to the new home including the extra amount required, eliminating the need for pre-payment of the previous loan.
This loan is available for purchase of land for both home construction or investment purposes.
This loan is sanctioned to pay the stamp duty amount that needs to be paid on the purchase of property.
Bridge Loans are designed for people who wish to sell the existing home and purchase another. The bridge loan helps finance the new home, until a buyer is found for the old home.
Balance Transfer is the transfer of the balance of an existing home loan that you availed at a higher rate of interest to either the same Housing finance company or another Housing finance company at the current Rate of interest a lower rate of interest.
Refinance loans are taken in case when a loan for your house from a Housing finance institution at a particular Rate of interest you have taken drops over the years and you stand to lose. In such cases you may opt to swap your loan. This could be done from either the same Housing finance institution or another Housing finance institution at the current rates of interest, which is lower.
This is tailored for the requirements of Non-Resident Indians who wish to build or buy a home or property in India.
Loan Against Property can get you a higher loan amount for your business or personal needs with the benefit of lower EMI.
Fixed interest rate home loans allow the repayment in fixed equal monthly installments over the entire period of the loan. The interest rates in such a case are fixed and don’t change with market fluctuations. A fixed rate home loan is excellent for those who are good at budgeting and want a fixed monthly repayment schedule, which is easy to budget and doesn't fluctuate.
Floating interest rate home loans are tied up to a base rate plus a floating element thereof. So, if the base rate varies the floating interest rate also varies. If the floating rate goes over the fixed rate, it will be for some period of the loan not for the entire tenure. The interest rates will surely fall over a long period and thus floating interest rate brings a lot of savings.
Loans are usually for a maximum period of 15 years (which may go up to 20 or 30 years in some cases). Longer tenure loans have smaller monthly installments. You can still get a large loan on a relatively small monthly salary by choosing to take a longer period loan. However, longer period loans maybe more expensive (higher rate of interest) even though the monthly installment payment is lower.
Indian real estate industry has witnesses a boom with the growing trend of economy. The investors are showing interest in investing for housing finance or home loans as the tax benefits obtained from them is highly lucrative. Customers who are availing Home Loans are allowed to claim a certain fraction of the interest and principal that they have to pay as loan installments for dropping tax liability. Under the Income Tax Act, 1961, the Indian residents are eligible for the tax benefits on principal and interest components of the loan. An extra tax benefits can be availed under the Sec 80 C on repayment of principal amount up to Rs. 1, 00,000 p.a. which can reduce your tax liability by about Rs. 30,000 p.a.
Under the Section 24(b), those people can be facilitated by the tax benefits who have taken loan buy or build a home property. Interest on loan capital can be relaxed up to Rs. 150,000 provided some conditions are followed.
To increase your loan eligibility-combine your income with that of your spouse, children or parents
Always negotiate -the first home loan interest rate quoted is never the final rate
Before paying the loan processing fee -request lender for preliminary check on the property
Buy Loan Protector Life Insurance -ensure your family can use the house if you are not alive
Immediate disbursement get best rates - talk to home loan providers when you are close to finalizing your property
Please note these requirements are for Indian Citizens.
Salary slip/Form 16 A.
A photocopy of the first and last pages of Ration card or copy of PAN/Telephone/Electricity bills.
A photocopy of Investments (FD Certificates, Shares, any fixed asset etc. or any other documents supporting the financial background of the borrower.
A photocopy of LIC policies with the latest premium payment receipts (if any).
Photographs (as applicable).
A photocopy of bank statement for the last six months.
A brief introduction of Business/Profession.
Balance Sheet, Profit and Loss account and statement of income with Income Tax returns for the last 3 years certified by a CA.
A photocopy of Advance Tax payments (if applicable).
A photocopy of Registration Certificate of estatblishment under shops and Establishments Act/Factories Act.
A photocopy of Registration Certificate for deduction of Profession Tax (if applicable).
Bank statements of Current and Saving accounts for the last 6 months.
A photocopy of Certificate of Practice(if applicable).
A photocopy of any bank loan (if applicable).
A photocopy of the first and last pages of the Ration card or a copy of PAN/Telephone/Electricity Bills.
A photocopy of LIC policy (if applicable).
Original copy of your agreement with the builder.
7/12 extract or property register card of the land under construction.
Index II extract of your agreement with the builder.
Copy of N.A. permission for the land from the collector.
Search and title report (with the details of documents) for the last 30 years.
Development agreement between the owner of land and the builder.
Copy of order under the Urban Land Ceiling Act.
Copy of building plans sanctioned by the competent authority.
Commencement certificate granted by Corporation / Nagar Palika.
Building completion certificate(if available).
The latest receipts of taxes paid.
Partnership deed or memorandum of association of the builders firm.
Original share certificate of the Society.
Allotment letter from the society in your name.
Copy of the lease deed, if executed .
Certificate of the registration of the society.
Copy of the byelaws of the society.
No objection certificate from the society.
7/12 extract or property register card in the society's name.
Copy of N.A permission for the land from the collector.
Search and title report(with the details of documents) for the last 30 years.
Copy of order under the Urban Land Ceiling Act.
Copy of the building plans sanctioned by the competent authority.
Commencement certificate granted by Corporation / Nagar Palika.
The latest receipts of taxes paid.
Original Agreement to assign / Deed of assignment.
Original sale deed of land and extract of Index II.
12 extract or property register card in your name.
Copy of N.A. permission for land from the collector.
Search and title report (with the details of documents) for the last 30 years.
Copy of order under Urban Land Ceiling Act.
Copy of the building plans sanctioned by the competent authority.
Building permission granted by Corporation / Nagar Palika.
The latest receipts of taxes paid.
Estimate of cost of construction certified by the architect.
Simply complete our online application form and select the send enquiry button in the bottom and you will automatically be assigned a professionally accredited lending consultant in your area.
For more details please feel free to contact us.