Home loans can be applied individually or jointly; as well as a company. The proposed owners of the property are supposed to be the co-applicants. However, all the co-applicants might not be the co-owners. Generally the close family members are considered as co-applicants.

  • The maximum repayment period generally ranges from 20 to 30 years.
  • There are various criteria on the basis of which the tenure of loan is ascertained such as age of property at loan maturity, customer’s profile, age of customer at maturity of loan, depending upon the specific repayment schemes opted and relevant terms applicable based on prevalent norms of respective Lenders you are applying to.

Various Lenders ascertain the loan amount based on the market value of the property and repayment capacity of the customer.
Generally the maximum loan amount is subject to Loan to Value Ratios:-
Loan Amount Maximum Funding
Up to Rs 75 lakh 80% of the property cost
Above Rs 75 lakh 75% of the property cost

(In exceptional cases customers can get upto100% of agreement value), for details apply for a Home Loan Now