Home Loans

What is Home Loan?Home loan is a form of secured loan that is availed by a customer to purchase a house. The property can under construction or a ready property from a developer, purchase of a resale property, to construct a housing unit on a plot of land, to make improvements and extensions to an already existing house and to transfer your existing home loan availed from another financial institution of HDFC. A housing loan is repaid through equated monthly installments (EMI) which consists of a portion of the principal borrowed and the interest accrued on the same.Home Loan key features:-Home loans for purchase of a flat, row house, bungalow from private developers in approved projects.Home loans for purchase of properties from Development Authorities such as DDA, MHADA etc.Loans for purchase of properties in an existing Co-operative Housing Society or Apartment Owner's Association or Development Authorities settlements or privately built up homes.Loans for construction on a freehold/ lease hold plot or on a plot allotted by a Development Authority.Expert legal and technical counseling to help you make the right home buying decision. Home Loan Benefits:-End to End Digital ProcessCustomized Repayment OptionsEasy & Hassle free Documentation24X7 Assistance

Home Loan is a loan provided by a bank or a financial institution to fulfill the dream of owning a house. ‘Housing is a question of will…and not a rocket science’.A stable home in our lives is at the center of our happiness. It affects all aspects of our society. Nothing is better than going home and eating food with family.Affordable housing refers to housing units that are affordable by that section of the society whose income is below the medium household income. It addresses the housing needs of the lower or middle income households.In present scenario, home loan from a Bank or NBFC needs a lot of documentation and you have to fit in their criteria for getting your loan. But we at Narmada Loans Services will get your loan done on minimum documentation and lowest affordable rates.As the government is aiming for “Housing for all by 2022” so we are also contributing in this mission by arranging affordable housing loans for lower and middle income groups. Special Features of home loan:Home loans are secured loanThe property financed is mortgaged with the financierHome loans are typically long term loansRepayment option of up to 20 yearsThe interest rates are lowBorrower can avail tax benefitsProperty can be jointly ownedIncome of family members can be clubbed for higher loanCan be used for investment purpose