Home Loan
Owing a home is the most desirable thing for all. If you found your dream home and you just can’t wait to make it yours. Positive Ally can help you to get your dream home with by attractive and affordable home loan.
Choose A Home Loan That Suits Your Needs
There are different kinds of home loans options that are made to suit each unique situation:-
- Home Purchase Loan - You can buy any house or home that is within your budget
- Construction Home Loan - You can use this loan to cover the costs of building a house
- Land Purchase Loan - You can use this loan to buy a piece of land
- Home Renovation Loan - You can use this loan to renovate and improve your house
- Home Extension Loan - Increase the amount of built up space at your home using this loan.
Benefits & Features
- Tax Benefits - Interest charged on home loan is tax deductible, meaning you can claim the expense when you are filling income tax.
- Lower Interest Rate - Home loan interest rate is much lower as compared to any other loan types available
- Pradhan Mantri Awas Yojana - Home loans get more affordable than ever, with assistance from the Pradhan Mantri Awas Yojana(PMAY) for first time home owners. Reduce your Home loan EMI with PMAY by getting subsidy on your Home loan interest rate.
- Long Repayment Tenure - Unlike any other loans, home loans come with longer repayment tenure.
- Balance Transfer & Top-up Facility - You can transfer the home loan from one lender to another for several reasons, such as interest rate, service charges, customer service experience and others. You can avail also top-up your existing home loan amount at nominal borrowing rates and with minimal paperwork.
- No Prepayment Penalty - When you take a floating –rate home loan, you can make payments towards the loan whenever you have a lump sum at hand without having to pay any prepayment penalty. This will help you close the home loan much before the set loan tenure.
Who Can Apply For Home Loan?
- Salaried/ Self Employed/ Professional
- Minimum 3 years Experience
- Age between 21-70 years.
EMI Calculator
You can use the EMI Calculator to calculate your monthly installments way before you apply for a loan and have a definite estimate of your monthly payments well in advance.
Documentation Required for Home Loan
Following are the documents you would need to submit for all applicants / co-applicants for the loan approval
Salaried individual
| KYC – Applicant & Co-Applicant |
|---|
| Photograph of Applicant & Co-applicants |
| Identity proof of Applicant & Co-applicants |
| Address proof of Applicant & Co-applicants |
| Income Proof of Main Applicant ( PDF Format ) |
| Last 3 months Salary Slips |
| Form 16 with Part A & B |
| Bank Statement of that account in which last 6 salaries credited (updated 8 months statement in PDF format ) |
| Other Documents ( PDF Format ) |
| Current loan SOA if any |
| Ownership Proof if required* |
| Property Papers ( PDF Format ) |
| Photocopy of draft sale deed and chain title documents |
| Builder buy agreement( For direct Allotment) |
| Authority approved Sanction letter |
| No objection certificate from the society and other documents as per legal report |
Self-employed individual
| Sole Proprietorship | Pvt. Ltd. | Partnership |
|---|---|---|
| KYC - Applicant & Co-Applicants | ||
| Photograph of Applicant & Co-applicants | Photograph of Applicant & Co-applicants | Photograph of Applicant & Co-applicants |
| Identity proof of Applicant & Co-applicants | Pan card of the company | Pan card of the company |
| Address proof of Applicant & Co-applicants | List of directors on shareholding pattern-certified by CA | Partnership Deed |
| Business vintage proof | Business vintage proof | Business vintage proof |
| GST registration | GST registration | GST registration |
| Article of Association and Memorandum of the company | Identity proof of all partners | |
| Identity proof of all directors | Address proof of all partners | |
| Address proof of all directors | ||
| Income Proof - Certified by CA | ||
| Last 3 years Financials - Attested By Proprietor/Director/Partner | ||
| Income Tax Return | Income Tax Return | Income Tax Return |
| Computation of Income | Computation of Income | Computation of Income |
| Balance Sheet | Balance Sheet | Balance Sheet |
| Profit & Loss | Profit & Loss | Profit & Loss |
| Creditors & Debtors | Creditors & Debtors | Creditors & Debtors |
| Complete all Audit Report | All Director's Report | Complete all Audit Report |
|
Complete all Audit Report |
||
| 26 AS | 26 AS | 26 AS |
| GSTR-3B (updated one year)* | GSTR-3B (updated one year)* | GSTR-3B (updated one year)* |
| One year Bank Statement of Saving & Current accounts | One year Bank Statement of current accounts | One year Bank Statement of current accounts |
| (In PDF Format) | (In PDF Format) | (In PDF Format) |
| All Directors | All Partners | |
| Income Tax Return | Income Tax Return | |
| Computation of Income | Computation of Income | |
| 26 AS | 26 AS | |
| One year Bank Statement of Saving accounts | One year Bank Statement of Saving accounts | |
| (In PDF Format) | (In PDF Format) | |
| Other Documents | ||
| Current loan SOA if any | ||
| Ownership Proof * | ||
| Property Papers | ||
| Photocopy of draft sale deed and chain title documents | ||
| Builder buy agreement( For direct Allotment) | ||
| Authority approved Sanction letter | ||
| No objection certificate from the society and other documents as per legal report | ||
All documents to be self attested. The above list is indicative in nature and additional documents can be asked for.
For quick apply to send all documents in PDF format to our email info@positiveally.in
Reasons to Avail Home Loan with Posiitive Ally
- Connected with top private and nationalized banks & NBFCs, which helps you to get market’s most attractive & affordable loan.
- Enjoy the hassle-free experience with minimal documentation, doorstep document pick up at your desired location.
- Provide pre-loan & post loan support with advisory services.
- Quick turnaround time and complete secure process.