Home Loans
Starting at 7.99% p.a.
A Home Loan is a secured loan through which you borrow a sum to purchase a property or to an under-construction or ready-for-possession property from a developer, or a resale property from an individual or entity. VASI will help you to find a best lender to provide a loan with lowest interest rate and highest funding basis your needs
A home loan is a secured loan that allows you to avail high amounts of financing at low interest rates and a flexible repayment tenure of up to 30 years.
It helps you own a house without having to sacrifice your savings or dip into your investments. A home loan can be availed by anyone looking for funds to buy a new house, construct, expand, repair or renovate a house.
Here at Vasi Financial Services Private Limited, we provide the best deals on home loans from the widest network of Banks/NBFCs, at the lowest interest rates and a hassle-free process.
The actual list of documents varies from one bank/NBFCs to another. That said, here’s a list of the most common documents that are expected from all of them.
Proof of Identity:
- PAN Card / Voter ID / Aadhaar Card / Passport / Driving License
Proof of Address:
- Bank Account Statement / Aadhaar Card / Lease Documents / Property Purchase Agreement / Utility Bill / Passport / Driving License
Proof of Income:
- For Salaried Professionals: Salary Slip / Bank Account Statement / Form 16
- For Self Employed Individuals: ITR / P&L Statement and Balance Sheet / Bank Account Statement
Proof of Business:
- Certificate of Practice / Partnership Deed / GST Registration and Filing Documents / MOA & AOA / Shop Act License
Only individuals can avail a personal loan and not businesses. Both salaried and self-employed individuals and professionals are eligible. That said, the criteria for eligibility can vary from one applicant to another.
In the event that you are already paying an EMI towards a previous loan, your eligibility for a personal loan may go down. This is because your income in hand would be lower compared to a scenario where you are not already paying another EMI.
- 18/21 – 60/65 years.
- 750 and above.
- ₹15,000 for non-metro cities.
- ₹20,000 for metro cities.
Up to ₹50 Lakhs depending on your credit profile.
- Salaried Professionals must have been employed at their current workplace for at least 6 to 12 months.
- Self-employed Individuals should have had a business tenure of at least 3 years (continuous).
Note: All/any of the Eligibility Factors listed above are subject to change on a case by case basis, left to the discretion of the bank/NBFC you are applying for a Personal Loan from.
Starts after submitting of successful application in general starts with FI, (Field Investigation, Office and Resi verification, existing repayment check, Bank Statement check, RCU & Most importunately CIBIL Check after successful and positive check it move to Credit for Further discussion.
It may vary from Bank/NBFC process depends on existing relationship with respective clients vary from pre-approved process may be different in these checks. Etc…