Deal4Ask is a platform that helps individuals in India access home loans from a variety of financial institutions. By using Deal4Ask, you can save time and effort when applying for a home loan, as the platform allows you to compare rates and terms from multiple lenders in one place. This can help you find the best deal for your home loan, which can save you money in the long run.
Another benefit of using Deal4Ask is that the platform offers a streamlined application process. You can apply for a home loan online in a few simple steps, and Deal4Ask will help you gather all the necessary documents and information. This can make the process of applying for a home loan much easier and less time-consuming, as you won't have to visit multiple financial institutions in person.
Additionally, Deal4Ask offers a range of loan options to suit different needs, such as low-income home loans, affordable housing loans, and home improvement loans. With the help of Deal4Ask, you can find the right loan option that best fits your specific needs, which can help you achieve your dream of owning a home. Furthermore, Deal4Ask will also help you to understand the various loan products and to compare them to make an informed decision.
The following factors are taken into consideration when a lender goes through your loan application. If you meet these criteria, you are eligible for a Home loan:
| Criteria | Salaried | Self-Employed |
|---|---|---|
| Age | 21 years to 60 years | 22 years to 55 years |
| Net Monthly Income | Rs.15,000 | Rs.25,000 |
| CIBIL Score | Above 750 | Above 750 |
| Minimum Loan Amount | Rs.50,000 | Rs.50,000 |
| Maximum Loan Amount | Rs.25 lakh | Rs.50 lakh |
The following factors are taken into consideration when a lender goes through your loan application. If you meet these criteria, you are eligible for a Home loan:
| Requirements | Salaried Individuals | Self Employed |
|---|---|---|
| Proof of Identity | Passport, Voter’s ID, Driving License or PAN Card | Passport, Voter’s ID, Driving License or PAN Card |
| Proof of Residence | Passport or utility bills | Passport or utility bills |
| Proof of Income | Bank statement of salary account for the past two years | Audited financial statement of the past two years |
The following factors are taken into consideration when a lender goes through your loan application. If you meet these criteria, you are eligible for a Home loan:
| Bank | Best For | Key Highlights |
|---|---|---|
| Citibank Home Loan | Low Interest Rate |
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| HDFC Home Loan | Self-Employed Professional |
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| Kotak Mahindra Home Loan | Quick Turnaround Time |
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| Tata Capital Home Loan | Flexible Interest Rates |
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| Standard Chartered Home Loan | Short-term Requirement |
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| IDFC First Home Loan | Top-Up Loans |
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| Fullerton India Home Loan | Quick Approval |
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| IIFL Home Loan | Easy Eligibility Checks |
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| HDBFS Home Loan | Special Offers |
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| SBI Home Loan | Different Income Categories |
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| PNB Home Loan | Affordable Interest Rates |
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The following factors are taken into consideration when a lender goes through your loan application. If you meet these criteria, you are eligible for a Home loan:
| Do's | Don't |
|---|---|
| Ensure that you have researched on the loan you want to apply for | Do not blindly sign the documents before you read every term and condition on it |
| Read the fine print before taking the loan | Do not forget to compare interest rates offered by different loan providers |
| Look out for any charges applicable on prepayments and foreclosure | Do not default on your monthly payments |
| Make sure you pay the equated monthly instalments (EMIs) on time | Do not apply for a loan just for the sake of it |
| Ensure that you have a good credit score before you apply | Do not sign the home loan agreement before reading the clauses |
| Apply for a loan amount you are eligible for | Do not request for a change in tenure unless you have considered all the aspects |
| Submit all the necessary documents | Do not submit an incomplete or mismatched loan application |
| Ensure that you have stable employment | Do not have too many ongoing loans |