Overview
In this era of the fast-paced world, owning your home is everyones dream. However, ever-rising real estate prices make it difficult for many home buyers. With WishLoan, a prominent home loan consultant, you can buy your dream home. How long you will continue to pay rent? Furthermore, the increased social reputation provides comfort to our souls. It cant be described in words.
Backed by our vast experience in the home loan, we offer the best customer-centric home loan in Gujarat at affordable rates. Keeping in view your concerns, we have collaborated with leading banks to disburse the best home loan in Gujarat. The best bank for a home loan that we have collaborated with provides a home loan for your long-cherished dream.
You would appreciate that investing in a home is not similar to other assets, like a car or bike. With a home loan, you are building an asset that appreciates with time. Therefore, a home loan is beneficial in the long run.
Benefits of a home loan
- Tax benefit
- Appreciation of assets in the long run
- No prepayment charges
- Balance transfer facility
- High repayment tenure
Interest Rates For Salaried Borrower
| Slab | Floating Interest rates |
|---|---|
| Up to Rs.35 lacs | RR + 2.70% (7.60%) – RR + 3.15% (8.05%) |
| Rs.35 lacs to ₹75 lacs | RR + 2.70% (7.60%) – RR + 3.30% (8.20%) |
| Above Rs.75 lacs | RR + 2.70% (7.60%) – RR + 3.40% (8.30%) |
Interest Rates For Self - Employed
| Slab | Floating Interest rates |
|---|---|
| Up to Rs.35 lacs | RR + 2.80% (7.70%) – RR + 3.30% (8.20%) |
| Rs.35 lacs to Rs.75 lacs | RR + 2.80% (7.70%) – RR + 3.45% (8.35%) |
| Above Rs.75 lacs | RR + 2.80% (7.70%) – RR + 3.55% (8.45%) |
Eligibility Criteria
A home loan is disbursed against the property to be purchased as collateral. If you are seeking this type of loan and want to check your eligibility, then kindly read the lenders eligibility criteria:
Age
You must be above the age of 21 years of age at the time of the commencing of your loan, and up to 65 years or less at home 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
Typically, a credit score of 750 may be considered a good score for getting home loan
Documents
| Documents | Salaried | Self Employed Professional | Self Employed Non Professional |
| Application form with photograph duly signed |  | | |
| Identity, residence and age proof | | | |
| Last 6 months bank statements | | | |
| Last 3 months Salary-slips | | ||
| Processing fee cheque | | | |
| Form 16/ Income Tax Returns | | | |
| Proof of business existence | | | |
| Business profile | | ||
| Education qualification certificate and proof of business existence | | ||
| Last 3 years Income Tax Returns with computation of Income | | | |
| Last 3 years CA Certified/ Audited Balance Sheet and Profit & Loss Account | | |
Process
1. Enter your details in the Home Loan Application Form
2. Furnish your essential documents as asked to further the process
3. Pay Home Loan Processing Fee
4. Your Home Loan Application and Documents will be inspected and verified
5. Your Home Loan Application will be queued and sent for approval or sanction
6. Your lender will visit the property you intend to purchase for a legal check.
7. After approval, your Home Loan Amount will be disbursed to your Bank Account
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