Have Questions? Here are Answers
Yes, Easy Home Finance Limited is a registered Housing Finance Company with NHB (National Housing Bank) and is IRDAI certified.
You can get a home loan of up to Rs. 75 Lakhs from Easy Home Finance.
Easy Home Finance provides AI-powered approval in as little as 2 hours, with disbursement within 24 hours.
Easy Home Finance offers home loans starting at 8.99% per annum.
Easy Home Finance approves balance transfer applications in 2 hours. The complete process including foreclosure of the existing loan typically takes 7–15 working days depending on your existing lender's NOC turnaround.
Yes. Easy Home Finance allows a top-up loan above your outstanding balance when you transfer — at the same interest rate. Use the additional funds for home renovation, education, or any personal need without a separate application.
Required documents: current loan account statement (12 months), original loan sanction letter, foreclosure letter/NOC from existing lender, property title documents, income proof (salary slips or ITR), and KYC (Aadhaar/PAN digitally).
A balance transfer involves a credit inquiry which may temporarily lower CIBIL by 5–10 points. However, if the lower EMI improves your repayment regularity, your score recovers and improves over time.
A balance transfer is worth it if the new interest rate is at least 0.5–1% lower than your current rate, you have a significant outstanding loan (?20L+), and sufficient tenure remaining (5+ years). Use Easy Home Finance's BT Savings Calculator at easyhomefinance.in/bt-saving to calculate your exact savings.
A home loan balance transfer is the process of moving your existing home loan from your current lender to Easy Home Finance to get a lower interest rate, reduce EMI, and save on total interest. Easy Home Finance offers transfers at 8.99% p.a. with 2-hour approval and an optional top-up loan.
Easy Home Finance approves home improvement loans in 2 hours using AI-powered underwriting. Funds are disbursed to your account within 24 hours of approval.
Required documents include: proof of property ownership (title deed), latest property tax receipt, renovation estimate from contractor, income proof (salary slips or ITR), and KYC (Aadhaar/PAN digitally). No physical submission required.
Section 24(b) of the Income Tax Act allows deduction of up to ?30,000 per year on interest paid for home improvement loans on a self-occupied property. Consult a tax advisor for your specific situation.
A home improvement loan is secured against your property, offering lower interest rates (8.99%+) and higher loan amounts (up to ?75L) with longer tenures (up to 20 years). Personal loans are unsecured with higher rates (12–24%) and limited to ?25L typically.
Yes. The property being renovated must be owned by the applicant (or co-applicant). You will need to provide proof of ownership such as a title deed or sale deed.
A home improvement loan is a secured loan to finance renovation, repair, or upgrade of your existing residential property. Easy Home Finance offers up to ?75 Lakh at 8.99% p.a. for kitchen upgrades, bathroom renovation, flooring, structural repairs, painting, and more — with 100% digital processing and 2-hour approval.
Most lenders, including Easy Home Finance, require construction to begin within 2–3 years of the plot purchase disbursement. This is a standard lender condition for combined plot and construction loans.
Key documents: plot title deed, NA certificate, encumbrance certificate, layout approval, 7/12 extract (state-dependent), approved building plan, construction cost estimate, income proof (salary slips or ITR), and KYC (Aadhaar/PAN digitally).
PMAY Credit Linked Subsidy Scheme (CLSS) may be applicable if the loan includes construction of a dwelling unit. Purely land purchase loans are generally not eligible. Consult Easy Home Finance for your specific case.
Yes, in most states, the plot must have Non-Agricultural (NA) status and be in an approved residential zone. The property must have a clear title with no disputes.
Easy Home Finance offers plot purchase and construction loans starting at 8.99% per annum on the drawn amount.
Yes. Easy Home Finance's Plot Purchase & Construction Loan covers both land purchase and home construction in a single loan. One application, one approval, single EMI — with funds disbursed in two phases: plot purchase amount at registration, and construction funds in tranches.
Key documents include: plot title deed, approved building plan/municipal sanction, construction cost estimate from licensed architect, income proof (salary slips or ITR), KYC (Aadhaar/PAN), and 6–12 months bank statements. No physical submission required — all digital.
Yes. First-time homebuilders may be eligible for PMAY Credit Linked Subsidy Scheme (CLSS) on construction loans — subsidy of up to ?2.67 Lakh on interest. Easy Home Finance is an empanelled PMAY lender.
Pre-EMI is the interest paid only on the amount disbursed so far, during the construction period. Full EMI (principal + interest) begins only after the final tranche is disbursed. This reduces your outflow during construction.
Typically 4–5 stages: Foundation, Slab completion, Brickwork, Roofing/Plastering, and Final completion. Easy Home Finance releases funds at each milestone after a site inspection or engineer certification.
A home loan is for purchasing a ready or under-construction property from a builder. A home construction loan is for self-constructing a house on your own plot. Construction loans have stage-wise disbursement, while home loans are usually disbursed in full at possession.
A home construction loan is a loan to finance the building of a residential house on an owned plot. Funds are disbursed in stages (tranches) aligned to construction milestones. You pay interest only on the drawn amount during construction, and full EMI begins after final disbursement. Easy Home Finance offers construction loans up to ?75 Lakh at 8.99% p.a.
Loan Against Property at Easy Home Finance starts at 8.99% per annum. The exact rate depends on your income, CIBIL score, loan amount, and property valuation.
Yes, when taken from a regulated lender. Easy Home Finance Limited is registered with the National Housing Bank (NHB) and IRDAI-certified. Your property title is held as mortgage but you retain possession throughout the loan tenure.
You can use LAP funds for any purpose including business expansion, higher education, medical emergencies, wedding expenses, debt consolidation, or property renovation. Unlike home loans, there are no end-use restrictions on LAP funds.
Yes. Easy Home Finance offers Loan Against Property for salaried individuals, self-employed professionals, and self-employed non-professionals. Self-employed applicants can submit ITR in place of salary slips.
Easy Home Finance provides up to 60–70% of your property's market value as a Loan Against Property, subject to income eligibility and valuation. For a property worth ?1 Crore, you may receive up to ?70 Lakhs.
A Loan Against Property (LAP) is a secured loan where you pledge your owned residential property as collateral to borrow funds. You continue to live in or use the property while repaying the loan. Easy Home Finance offers LAP up to ?75 Lakh at 8.99% p.a.
Yes. Easy Home Finance Limited is a registered Housing Finance Company with the National Housing Bank (NHB) and holds IRDAI certification.
The process is 100% digital. You need: income proof (salary slips or ITR), basic KYC (Aadhaar/PAN uploaded digitally), and property documents where applicable. No physical documents required.
Yes. Easy Home Finance offers home loans for salaried individuals, self-employed professionals, and self-employed non-professionals.
You can borrow up to Rs. 75 Lakhs through Easy Home Finance's home loan product.
Easy Home Finance approves home loans in as little as 2 hours using AI-powered underwriting. Disbursement follows within 24 hours of approval.
Easy Home Finance offers home loans starting at 8.99% per annum. The exact rate depends on your income, CIBIL score, loan amount, and tenure.
It is fast and easy, just fill the loan form online. Or alternatively submit required documents and other details to our nearest branch at your own convenience.
Carpet Area : This is the actual usable area of the apartment/building, which does not include the area of the walls.
Built up Area : This includes the area of the walls also.
Super Built up Area: This includes the built up area, along with the area under common spaces such as the lobby, lifts, stairs, etc. This term is only applicable to multi-dwelling units.
Turn Around Time of 5 Working Days (Subject to credit verification checks)
Home loan is a loan that a financial institution pay individual with a sole purpose or specifically for purchasing a residential property. In this bid, the lender (financial institution) holds the title of the residential property, until the loans have been paid alongside the agreed interest.
Home improvement loan can be applied for by home owners with different reason like making repairs to their homes or remodelling. These loans are usually issued for simple home projects with previously acquired properties who wish to re-innovate or improve.
Home Extension Loan is a type of loan that is obtained for the purpose of adding more space to an existing or previously constructed home. This type of loan makes it really easy to extend your existing residential property in line with your requirements.
A home loan can be applied at any time after you have decided to construct or purchase a property, even if property is not yet selected or the construction has not commenced.
Apply for a loan with us is just as easy. All you have to do is apply online on our website. Not to worry, we will get in touch with you asap to help you process and take your application forward.
Once your repayment capacity for the home loan has been determined, the following factors are being out into consideration by our experts:
o The age of the person applying for the loan.
o The applicant’s income level.
o No. of dependents (it is a measure of repayment capacity)
o Qualification (stability and occupation continuity)
o Resident status of the applicant (maximum limit for an Indian resident differs from that of a non-resident)
o Spouse’s income (household income is taken into account when there is a co-applicant)
o Status of existing loans
o Credit history and score (past repayment track record)
EHFL offers Home loans up to 20 years, given the term does not stretch out past 65 years old or the retirement age, whichever is prior.
Pre EMI-is the Interest paid on the Loan Amount benefited partially and before the beginning of the real EMI. This for the most part occurs in Self Construction or Construction Stage Linked Disbursals.
You repay the credit in Equated Monthly Instalments (EMIs) involving principal and interest. Repayment by method for EMI begins from the month following the month in which you take full disbursement.
Interest is computed on month to month rest.
A co-applicant is/are the co-owners of the property which is being offered as collateral/security to the loan.
However all co-applicants need not be co-owners, Co-applicants to the loan are generally husband/wife, father/son, etc.
It is mandatory that you see the approved layout plan, approved building plan, ownership document, carry out research etc. if you want to purchase a property. An advocate should be contacted for advice.
Yes, You qualify for tax reductions on the key and intrigue segments of your Home Loan under the Income Tax Act, 1961. These advantages may differ year on year, we encourage to counsel our group of experts in this perspective.
An under development/construction property alludes to a home which is being built and where ownership would be given over to the purchaser at a resulting future date.
Truly, advances can be reimbursed ahead of schedule by making part or full prepayments.
EHFL offers broad alternatives for advance reimbursement. You can make Standing guidelines to your bank to pay the advance portions through ECS (Electronic Clearing System), or issue post-dated checks from your compensation account. For more subtle elements on charges (if any) and check bonce charges (if any) allude to our terms and conditions.
LAP (Loan against property) can be connected for on the off chance that you need stores for your business or individual utilize and have property
A steady rise in the property costs makes it the perfect resource for underwrite for business extension or individual needs. Since OD/CC advances assert month to month EMI, the risk carries on for an uncertain period, whereas in LAP one pays consistent EMI and decreases the weight in a composed way.
EHFL offers LAP up to a greatest of 15 years, given the term does not reach out past 65 years old or the retirement age, whichever is prior.
Immovable property owned by the applicants. The candidate's title to the property ought to be clear, attractive and free from any encumbrances. The security made on property will be first and elite. Such security will be made by store of unique title reports of the said property
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