Why Home Loan with Us?
All About Loan is not just a loan comparison website, but we help you get a loan! We at All About Loan, are a team of experts and ex-bankers who have been serving numerous clients since last 8+ years. We specialise in consulting for Home Loans, Mortgage Loans (also known as Loan Against Property) and Personal Loan. There are numerous lenders in market offering loans like Banks, NBFC’s(Non Banking Financial Company) and HFC’s (Housing Finance Company).
When you require a loan it is very essential that your requirement matches the offering or product of the lender. Not every product of a Bank will exactly match your requirement. Above that if your keep applying to the wrong bank your Credit score will go on decreasing also you will have to pay for application fee at every bank you apply. We at All About Loan help you get your loan processed at Bank which is best suitable for you.
So Sit back and relax. Fill up the enquiry form to your right. Get the best loan rates from our advisor on a phone call.
- Guaranteed Instant loan advise.
- FREE SERVICE. We do not charge anything from our customers.
- Team of Ex Bankers with experience of more than 8+ years
- Transparent processing
- All process from your Doorstep.
- Documentation Assistance for speedy disbursal
- We help you choose the best offering from Banks.
- Post Disbursal assistance.
Fast & Easy Application Process
Get the Home Loan Enquiry Form
Fill up the Enquiry form.
Get a FREE consultation call from Home Loan experts
Our Expert advisors will call you and understand your requirement.
Check the relevant bank offerings
Submit the Bank offering that best fits your requirement.
Get Documents processed to file the Home Loan
Documents will be collected from your place. Your loan application is filed!
You are All set!
Relax Now!! We will follow up with the bank for the rest of the process.
Eligibility Criteria
Income
Your current Income is one of the main factors to decide your loan Eligibility. Be it a Salaried person or Self Employed, your salary slip & your Profit & Loss statement is going to decide your loan amount.
Employment / Business
Work Experience of at least 1 year is required. For Self Employed person business vintage of at least 2 years in required. These norms differ from financier to financier.
Current Obligations
Any EMI currently being paid monthly is going to be taken into consideration and will have to be reduced from your current income.
Credit history
A good credit history always helps to process your loan faster.
Value of the property
There are various financiers who fund 75% to 100% of your property value. Your agreement value differs from the market value of property.
Age of the borrower
Minimum age of borrower has to be 21 and maximum can be 70.
Documents Required
For Salaried Person
We at All About Loan help you to file your loan application at the best rate of Interest. Please arrange for Hard copies of following Documents. We will collect it from your place/office once ready.
PAN Card, Aadhar card for both applicant and co-applicant
Address proof (Registered Rent agreement, Passport, Electricity bill, Gas connection Bill or any utility bill.)
Last 6 months Salary slips
Last 6 months Bank statement (Salary account)
Form 16 for last 2 years
2 photographs each
If any current obligation Sanction letter/ Statement of Loan will be required
Bank statement account from where EMI is paid will be required
For Self Employed Person
We at All About Loan help you to file your loan application at the best rate of Interest. Please arrange for Hard copies of following Documents. We will collect it from your place/office once ready.
PAN Card, Aadhar card for both applicant and co applicant
Address Proof (Registered Rent agreement, Passport, Electricity bill, Gas connection Bill or any utility bill)
Registered Rent agreement, Passport, Electricity bill, Gas connection Bill or any utility bill.
If any current obligation Sanction letter/ Statement of Loan will be required.
Bank statement account from where EMI is paid will be required.
1 year Current account Bank Statement.
3 years ITR with Computation of Income, Profit Loss statement, Balance sheet. If firm is audited, then audit report also required.
| Sole Proprietorship firm | Partnership firm | Private LTD/LLP/OPC |
|---|---|---|
| Shop Act Certificate. OR NOC from Gram panchayat. |
Partnership Deed. Firm Current address proof. |
PAN card of firm. Incorporation Certificate. AOA, MOA. Firm Current address proof. |
Frequently Asked Questions
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Home Loan is a loan taken for buying a residential property. The financier keeps the property as a collateral/security for the funds given. Loan is given at a certain rate of Interest with EMI to be paid every month for a certain tenure.
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In a Home Loan, funding depends upon 2 factors.
- Income level- Your current take home salary/Net profit will decide the funding amount. Different banks have different methods to consider your Net Income
- Property valuation- The current valuation of your property also decides your funding amount. Some financier fund upto 100% of Agreement value, if market value is higher.
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We at All About Loan will help you file your application at the right Bank. You can go about applying at every bank because your Credit score will go on decreasing. Also you will have to pay charges for application. We will assist you in filing the application at the right bank.
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The minimum Credit Score or Cibil score that a bank looks at is 600. Such requirement usually differs from financier to financier.
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There are financier that offer loans for 30 years.
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How to apply for Government subsidy applicable for Home Loan? i.e. Pradhan Mantri Awas Yojana (PMAY)
While applying for a Home Loan, you need to inform the concerned bank executive regarding PMAY scheme. They will fill up the necessary application form for same and get the application filed.
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The rate of Interest differs from Bank to Bank. As of now the Rate of Interest being offered is in the range of 8.5% to 12%.
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Any Individual who is Salaried or Self Employed can apply for a Home Loan.
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If there are any Individuals on loan structure then prepayment charges or foreclosure are NIL. Non individuals i.e companies usually have to pay for part payment/ prepayment/ foreclosure charges.
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Factors that can play a crucial role in Home Loan rejection are mentioned below:
- Bad or low credit score
- Unstable income-Age factor
Home Loan Interest Rates for December 2023
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Axis Home Loan
8.00% - 11.00%
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Citi Bank Home Loan
8.00% - 16.00%
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HDFC Home Loan
8.80% - 9.55%
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ICICI Home Loan
8.35% - 9.10%
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IDFC First Home Loan
8.90% - 10.35%
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IndusInd Home Loan
8.00% - 16.00%
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Kotak Mahindra Home Loan
8.90%
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PNB Housing Home Loan
9.00% - 12.50%
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Tata Capital Home Loan
8.8% - 11.25%
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SBI Home Loan
9.10% - 9.45%
EMI Calculator
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Customer Review
"I approached them for a LAP BT in February 2019. They provided me excellent service. All documents were collected from my Shop and they were very transparent in their approach"
Sudhir Oswal
"All about loan helped me switch loan from Yes bank to Citibank. My loan was running at high rate of Interest. They helped me save a lot on money by switching to low ROI"
Suresh Khatri
"I wanted a Personal loan urgently and did not know which bank to approach. Applied via All About Loan, and loan was disbursement in 4 working days. Very happy with their service"
Sateesh Shrivastava
"Wanted a Home loan for resale property i finalised. All About loan helped me in getting me maximum funding for it"
Riya Garde
