Home Loan
- Make Your Dream Home a Reality with Affordable EMIs & Attractive Interest Rates
- 100% Transparent Process with Dedicated Loan Advisors
- Serving Individuals & Families Across India with Trusted Housing Finance Solutions
- Trusted by First-Time Buyers, Homeowners & Investors Nationwide
- 👉 Apply Now & Get the Best Home Loan Offers
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overview
What is a Home Loan?
A home loan is a secured loan provided to help individuals purchase, construct, or renovate a residential property. The property itself acts as collateral, allowing lenders to offer lower interest rates and longer repayment tenures.
Whether you are buying your first home, constructing a new house, or renovating an existing property, a home loan makes it easier to achieve your housing goals without financial strain.
For individuals and families in Chennai — from apartments in OMR to independent houses in Anna Nagar and villas in ECR — home loans provide flexible financing options to suit different needs.
💡 Did you know? Home loans in India can offer tenures up to 30 years, making EMIs more affordable and manageable.
Benefits
Home loans come with several advantages:
Affordable Interest Rates
Lower rates compared to unsecured loans make borrowing cost-effective.
Long Repayment Tenure
Extended tenure reduces EMI burden and improves affordability.
High Loan Amount
Get funding up to 75%–90% of property value, depending on eligibility.
Tax Benefits
Enjoy tax deductions on principal and interest under applicable laws.
Eligibility Criteria
Home Loan Eligibility
To qualify for a home loan, lenders consider:
- Age: 21 to 65 years
- Salaried or self-employed individuals
- Stable and regular income
- Credit score: 650+ preferred
- Good repayment history
- Property approved by lender
- Debt-to-income ratio within limits
- Must be a Resident Citizen of India
Documents Required
Document Checklist
Ensure smooth processing with proper documentation:
- Identity Proof
- PAN Card
- Aadhaar Card
- Passport
- Driving License
- Address Proof
- Aadhaar Card
- Utility Bills
- Passport
- Voter ID
- Income Proof
- Salaried: Salary slips (3–6 months), Form 16, bank statements
- Self-employed: ITR (2–3 years), financial statements
- Property Documents
- Sale agreement / Title deed
- Approved building plan
- Encumbrance certificate
- Property tax receipts
- Bank Statements
- Last 6–12 months
- Photographs
- Passport-size photos
- Audited Financial Statements
- Board's Report
- Annual Return (MGT-7/7A)
- Form AOC-4
- Form MGT-7
- Digital Signature Certificate
EMI Calculator for Home Loan
Loan Details
1030
Loan Summary
Principal
Interest
Monthly EMI: ₹ 0
Principal Amount: ₹ 0
Total Interest: ₹ 0
Total Payment: ₹ 0
Fees and Charges for Home Loan
Charges vary depending on lender and profile:
| Particulars | Charges |
|---|---|
| Processing Fees | 0.25% to 1% of Loan Amount |
| Legal & Technical Charges | As per actuals |
| Documentation Charges | ₹2,000 – ₹10,000 |
| Stamp Duty Charges | As per state laws |
| Prepayment Charges | Usually Nil (floating rate loans) |
| Penal Charges | Usually 2% per month |
*Additional charges may include verification fees and administrative costs.
Home Loan Process
Step-by-Step Loan Assistance Process
Swasthik Capitals ensures a smooth and hassle-free home loan journey — from application to disbursal.
1
Eligibility Assessment
We evaluate your income, credit score, and financial profile to determine loan eligibility.
2
Document Collection
Our team assists in gathering and verifying all required documents.
3
Property Verification
The lender verifies legal status and technical details of the property.
4
Application Submission
We submit your loan application accurately to avoid delays.
5
Approval & Sanction
The lender reviews your application and issues a sanction letter.
6
Loan Disbursal & Support
Funds are disbursed, and we continue to assist you throughout the loan tenure.
FAQ
Frequently Asked Questions
You can get up to 75%–90% of the property value, depending on eligibility.
Interest rates usually range from 8% to 10%, based on your profile and lender.
Typically 5–10 working days, depending on documentation and verification.
Yes, most lenders allow prepayment without charges on floating-rate loans.
Yes, you can claim deductions on principal and interest under applicable tax laws.
