FAQS
Can I get a Home Loan without property documents?
Can I get a Home Loan without property documents?
As per regulations, it is a compulsory home loan requirement to request and evaluate property documents as part of the application process. If the loan is towards construction of property, the applicant may still have to provide documentation pertaining to ownership of the land as well as the architect's plan, etc.
What is a home loan and how does it work?
The amount of money borrowed by an individual from a financial institution at an agreed upon interest rate is called a home loan. It is repaid back in the form of monthly EMIs for a specific duration of time. The borrowed funds cannot be used for any other purpose, and the deeds to the property purchased will be held by the lender until the loan is repaid in full.
Which factors affect your home loan eligibility?
Your home loan eligibility is determined taking into account parameters like your credit score, your existing debt obligations, your income, your employment status, your age, location, your property details and Grihashakti’s policy at the time of loan application.
What are the types of home loans available?
Grihashakti offers four types of home loans to its customers. This includes a loan for buying a New or Resale Property, a loan for Home Improvements, a loan for Home Construction and loan for Home Extension. Grihashakti offers competitive home loan interest rates combined with flexible repayment tenures.
How to get a home loan with ease?
The easiest way to get a home loan is to apply online by clicking the “Apply now” button on this page. Fill in your personal and financial information, check the home loan documents list and upload softcopies. Our representative will get in touch with you to take the process ahead.