Smaller EMIs
Home Loan Details
Yash Housing Finance
- Home Loan OnlineHome Loan Online of up to ₹ 5 Crore*
- Instant Provisional Sanction
- Digital Application Process
- Minimal Documentation
Home Loan
Yash Housing Finance offers a range of home loans in India to help individuals buy their dream home. As this is a significant investment, we understand how important it is to make the right decision. That’s why we provide comprehensive home financing information including interest rates, eligibility criteria and customizable loan offers. Whether you are a first-time home buyer, looking to move into your dream home or planning to reduce your mortgage payments by moving, we have the solution that best suits your needs.
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No Pre-Payment Charges
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Floating & Fixed Interest Rates
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Minimum Loan Amount Rs. 5 Lakhs
Features and Benefits of a Home Loan
Attractive Interest Rates
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Minimum Documentation
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Lowest Processing Fees
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Maximum Year Tenure
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Calculate Your Monthly EMIs
Information About Home Loan
Avail attractive interest rates
- Avail attractive interest rates: Benefit from attractive monthly interest rates and more affordable home loans.
- Choose your interest rate type: The terms and conditions of Bank’s loans, as well as compliance with government and Reserve Bank of India (RBI) regulations, determine whether loans are approved. Please be aware that loan approval is contingent on meeting our requirements, not simply submitting the required documents. The images used are not guaranteed to be accurate by us. It is possible to use agents to sell, market, and advertise its products. The RBI does not manage individual personal accounts or public trusts. Offers claiming to be from the RBI that are sent via email or phone should be avoided.
- Application process: Please be aware that merely submitting the required documents does not guarantee loan approval, which will depend on meeting the our criteria. We does not take responsibility for the accuracy of the images used. Agents may be utilized for the sales, marketing, and promotion of its products. The RBI does not maintain personal accounts for individuals or public trusts. Beware of fraudulent offers made via phone or email in the name of the RBI. A Home Loan not only helps you purchase residential property but also helps in asset building and provides tax benefits. Typically, you need to pay up to 20% of the property’s cost from your own funds. The loan amount can be repaid over a chosen period, with both the principal and interest payments qualifying for tax deductions under the Income Tax Act.
- Transfer loan balance with ease: Transfer your existing home loan to us, without any hassles.
- Get service at your doorstep: Avail or repay the home loan from the comfort of your home or office.
- Pay no prepayment charges: If you pay off your house loan before the due date, there are no prepayment penalties (only for loans acquired at adjustable rate of interest)
- Be assured of quick, transparent processing: Customers of premium banking can inquire about specific benefits by contacting their Relationship Manager.
- Repay your loan over a longer tenure: Depending on your financial situation, repay your home loan in smaller installments spread out over a longer period of time.
Tips to keep in mind while applying for a home loan
Please be aware that loan approval is contingent on meeting the bank’s requirements, not simply submitting the required documents. The images used are not guaranteed to be accurate by us. It is possible to use agents to sell, market, and advertise its products. The RBI does not manage individual personal accounts or public trusts. Offers claiming to be from the RBI that are sent via email or phone should be avoided. A home loan not only helps you buy a house, but it also helps you build assets and saves you money on taxes. Most of the time, you’ll have to borrow up to 20% of the property’s price. Under the Income Tax Act, both the principal and interest payments can be deducted from the loan amount over a predetermined time period. When applying for a home loan, keep these points in mind:
Tip 1: Take into account all of your costs, including any outstanding loans or credit card debt, when determining how much you can afford to pay in EMIs each month. EMIs can typically account for up to 40% of your monthly net income, according to banks.
Tip 2: If you apply for a loan that is larger than your eligibility, you might be turned down. You can plan your down payment accordingly once you know how much is eligible.
Tip 3: Submit your documents.
Tip 4: Customers with excellent repayment histories and high credit scores are frequently given preference by banks, who may then be able to offer faster loan approval, more adaptable repayment options, or lower processing fees.
Tip 5: To expedite loan approval, verify that the property you are purchasing has all required regulatory and environmental clearances or that it is listed as approved by your bank.
Tip 6: Consider getting a joint loan with a family member if your income doesn’t allow you to get the amount of money you want. Your monthly EMI can be reduced and your financial burden reduced by choosing a longer repayment term.
Salaried individuals eligible for Home Loans
Home loans are available to salaried individuals. To qualify for a home loan, salaried individuals must have a proven track record of employment, typically in reputable businesses or the public sector. By the loan’s end, applicants must be over 21 and not older than 65 or retired. If you want your Home Loan application to be successful, make sure that all of your documents, including proofs of employment and financial stability, are thoroughly checked.
Professionals eligible for Home Loans
Home Loans for Professionals: Professional applicants, like doctors and engineers, are welcome to apply for a home loan from Axis Bank. Between the ages of 21 and 65, you can apply. For these applicants, the Home Loan documents list includes professional qualifications and evidence of practice to guarantee credibility and a dependable repayment plan.
Self-employed individuals eligible for Home Loan
Individuals who are self-employed and are eligible for a Home Loan Individuals who are self-employed business owners or entrepreneurs and are interested in investing in real estate must ensure that they have all of the necessary documents for a Home Loan application, including tax returns that demonstrate consistent income. Eligibility is contingent on having a solid financial history to back up the application and being over the age of 21 at loan initiation and under the age of 65 at loan closure.
Home Loan borrowing limits
Borrowing limits for home loans The minimum amount for a home loan is three lakh rupees.
Margins
Margins Axis Bank stipulates various margins for various brackets of home loans. A 10% margin is required for loans up to Rs. 30 lakh. The margin is 20% for sums between 30 lakh and 75 lakh. Borrowers are required to maintain a margin of 25% for home loans exceeding 75 lakh. These limits guarantee fiscal responsibility and loan affordability tailored to the borrower’s requirements.
Documents required to apply for a Home Loan
Here are mandatory documents required for home loan such as a proof of identity, a proof of address, a loan application form that has been duly filled and your financial documents. Below is the detailed list of documents required for home loan:
- Submit your Aadhaar card, passport or driving licence for KYC
- For address proof, your utility bills, or rent agreement with your current address works fine
- *For income proof, ICICI Bank needs your salary slips, income tax returns or Form 16
- Submit the title deeds of the property and construction approvals
- **Prove your financial stability by submitting bank statements for the last 6 months
- Provide your job offer or appointment letter for a stress-free experience
- If applicable, submit your co-applicants’ documents for joint loan applications.
What is a Home Loan Balance Transfer?
Transferring your current home loan to a new lender is known as a home loan balance transfer. Better terms, such a lower interest rate or a longer repayment time, might emerge from this, possibly at the expense of a larger loan amount.
How does a transfer of home loan balance operate?
- The new lender pays off your current mortgage.
- All outstanding payments have been settled with your former lender.
- The new lender formally receives ownership of your home loan.
- you start making EMI payments to new lender.
When should you do a Home Loan transfer?
When interest rates are favorable, it is prudent to transfer the outstanding balance of your current Home Loan to us. This is especially true if you have a floating-rate loan, where lower rates can significantly reduce your financial burden. A strategic transfer like this is worthwhile, particularly if it results in a more appealing interest rate, lowering the total amount of interest paid over the course of the loan.
Your Home Loan’s remaining balance could be transferred if your eligibility is improved. This happens when your credit score or financial situation get better, and you can get loans with better terms. A Home Loan Balance Transfer process can result in a number of advantages, including a lower interest rate and the possibility of a longer repayment term.
However, it is essential to take into consideration any fees that may be associated with the Home Loan Balance Transfer. The potential savings from the transfer should outweigh these. We also lets you top up your transferred Home Loan, which gives you more money that you can use for a variety of personal financial needs.
Eligibility criteria for Home Loan transfer
- Occupation: This position is open to professionals such as doctors, engineers, and accountants who are paid by the government or private sector.
- Self-employment: This applies to individuals who work for themselves and file income tax returns.
- Residency:- Indian residents
- Requirement for age: – For salaried employees, one should be between 21 and 60 years old; 21 to 65 for those who work for themselves
- The term of the loan can be extended or decreased in accordance with Axis Bank policy.
- Loan amount: – Minimum of ₹3 lakh, with the maximum contingent on repayment capacity
- Exceptional clients: – For additional benefits, clients should talk to their relationship manager.
Documents required for Home Loan Balance Transfer
- Documents for KYC: a current photograph, proof of address, and valid government-issued identification
- Financial records: Bank statements, tax returns, and most recent salary statements
- Other records: documents regarding the property, information about the current Home Loan, and a history of repayment
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LIFE INSURANCE FAQS
Frequently asked questions
Why is life insurance worth it?
There are many answers to the question of why is life insurance important. But by and large, the most important one is ensuring your family’s financial security and peace of mind. If anyone depends on your income, they would most likely struggle if you were to pass away. That’s why life insurance is so important to have. There are different types of life insurance policies, but essentially they all pay cash to your loved ones when you die. Money from life insurance can be used to cover daily living expenses, a mortgage or rent payments, outstanding loans, college tuition and other essential expenses.
What are the different types of life insurance?
There are many answers to the question of why is life insurance important. But by and large, the most important one is ensuring your family’s financial security and peace of mind. If anyone depends on your income, they would most likely struggle if you were to pass away. That’s why life insurance is so important to have. There are different types of life insurance policies, but essentially they all pay cash to your loved ones when you die. Money from life insurance can be used to cover daily living expenses, a mortgage or rent payments, outstanding loans, college tuition and other essential expenses.
Who can be a life insurance beneficiary?
There are many answers to the question of why is life insurance important. But by and large, the most important one is ensuring your family’s financial security and peace of mind. If anyone depends on your income, they would most likely struggle if you were to pass away. That’s why life insurance is so important to have. There are different types of life insurance policies, but essentially they all pay cash to your loved ones when you die. Money from life insurance can be used to cover daily living expenses, a mortgage or rent payments, outstanding loans, college tuition and other essential expenses.
What is the process for getting life insurance?
There are many answers to the question of why is life insurance important. But by and large, the most important one is ensuring your family’s financial security and peace of mind. If anyone depends on your income, they would most likely struggle if you were to pass away. That’s why life insurance is so important to have. There are different types of life insurance policies, but essentially they all pay cash to your loved ones when you die. Money from life insurance can be used to cover daily living expenses, a mortgage or rent payments, outstanding loans, college tuition and other essential expenses.
Can life insurance be affordable on a tight budget?
There are many answers to the question of why is life insurance important. But by and large, the most important one is ensuring your family’s financial security and peace of mind. If anyone depends on your income, they would most likely struggle if you were to pass away. That’s why life insurance is so important to have. There are different types of life insurance policies, but essentially they all pay cash to your loved ones when you die. Money from life insurance can be used to cover daily living expenses, a mortgage or rent payments, outstanding loans, college tuition and other essential expenses.
How long do services take to complete?
There are many answers to the question of why is life insurance important. But by and large, the most important one is ensuring your family’s financial security and peace of mind. If anyone depends on your income, they would most likely struggle if you were to pass away. That’s why life insurance is so important to have. There are different types of life insurance policies, but essentially they all pay cash to your loved ones when you die. Money from life insurance can be used to cover daily living expenses, a mortgage or rent payments, outstanding loans, college tuition and other essential expenses.
