Building your dream home is now easy, with the perfect home loan from Easy Home Finance. With attractive interest rates, easy application and procedure, and quick approvals – we ensure that your dream home becomes a reality.
With EHFL Loans can be availed for various needs like new Home Purchase to new construction or extension or improvement of your home to general purpose loan against your existing residential property.
Our technological leverage helps us process your loan application efficiently resulting in insanely quick turn around time
Our 100% Paperless and Digital Process eases the traditional cumbersome loan process
Apply for loan Anytime, Anywhere from the comforts of your Home with our Doorstep Service
You can select your dream home from our 1000's of Pre-approved property list or any home of your own choice as well.
Our Easy and hassle-free loan application can be self applied within 10 minutes or you can have our representative help you out from the comfort of your home.
Our verifications are quick and automated ensuring insanely quick turn around time.
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