Home Loan

At Loanmart Group we know that buying a home is more of an emotional decision than a financial deal. Our agenda is to provide the best solutions to the client from best suitable option. We know the best products available in the market but at the same time we also know that which product suits to whom. We are experts to handle the complicated files also. Our prime objective is not to get loan sanction with low rate of interest but the disbursement of the amount in specified time since most of the times buyers are always under pressure from the seller Or Builders to complete the deal in stipulated time frame.

We are associated with all major leading Public sector as well as private banks in India and we know the loan process in the details.

Home Loan Amount

Normally financial institutes finance maximum up to 80% (90% for loan amount below Rs. 20 lakhs) of the agreement value of the property. As per RBI notification, banks do not fund stamp duty and registration charges anymore. This means that your down payment will have to be atleast 10% – 20% of the agreement value of the property plus 100% of other costs such as stamp duty, registration charges, etc. .(Also providing 100% of Agreement value if resell property *as per BANK’S/NBFC’S policy). Also note that some banks and NBFC’s do not consider other charges like Stamp Duty, Registration Charges, etc. while considering the home loan amount eligibility. The final loan amount is dependent on host of other factors like income and regular outgoings, existing loans, repayment track record, valuation of the property by the lender, etc.

To increase the eligibility amount, you can add your earning parents / spouse / children and in some cases brothers as co-borrowers to the loan.

Top Up of Home Loan

You can now avail a Top Up loan on your existing Home Loan to fulfill your increasing needs with top loan option. The key benefits of to avail Top Up loan is at low or attractive rate of interest with low EMI. This fund customer may use for Purchase of car/consumer durables/Furniture .

Any other personal expenses, children's marriage/education, Business requirements, Medical expenses etc.

Home Loan to the NRI

Home improvement is special type of home loan product. Though there are ready made home improvement products available in the many banks, customers are not aware about the same.

Balance transfer / Loan Transfer

This is the one of the few option where customer, see the direct benefits on his own. But this may end up with wrong decision since, before take call on this one should consider the stage of the existing loan, banker, Interest rate offerings and Transfer fees carefully. Existing Home Loan Transfer if:

You are trying to reduce your interest rate and lower your payments