Capital Loan Solutions: A one stop destination for your Home Loan Needs

Home loans refers to the sum of money borrowed by an individual to buy their dream property. In this case borrower gives guarantee for the property even though they are entitled to use the property for residential purpose. Home loans help you with a lump-sum advance of funds towards buying your desired property, this amount will be repayable with interest. 

How much home loan is sanctioned by the banks?

Financial institutes usually fund 75%-90% of the property's market value. Borrowers income profile along with banks internal lending policies also determine the value. The remaining amount needs to be self-financed by the borrower ranging from 10% to 25%.

How To Apply For Home Loans?

Home loan applications generally follow a process such as:

Application: You will need to apply for a home loan, this can be done online or at bank branches/loan centres.

Loan Sanction: Post submission of your application and review of necessary KYC and documents of financial stability, the bank shall sanction your loan amount.

Review: Once the loan is sanctioned, you will need to submit the documents pertaining to the property against which your loan is sought, for technical and legal review.

Approval & Disbursal: Upon validation of your loan amount and the property sought, the bank shall approve and disburse your loan.

With the right documents and prompt follow-up, you could have your Axis Bank Home Loan Approved in 15 days!

How Much Home Loan Can You Get?

If you are a salaried individual, then you can be eligible to get a housing loan up to 60x your net monthly income as a rule of thumb. So, if your net monthly salary is Rs. 15,000, you can get a home loan up to approximately Rs. 9,00,000.

List of documents required for availing the Home Loan

Personal Documents

1. Application form with Passport Size Photographs of applicant and co-applicants
2. PAN Card of applicant and co-applicant
3. Identity Proof – Voter ID / Driving License / Passport / Aadhar Card
4. Address Proof – Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Aadhar Card

• Financial Documents

1. Latest 12 months bank statement of salary account/ current accoun/ savings account
2. Last 3 months salary slips
3. Form 16 of last 2 financial years
4. Latest 3 years Income Tax Returns along with Financial & Audit Report

Why should I go with Capital Loan Solutions?

Capital Loan Solutions is a leading platform which enables individuals and businesses to get access to best loan offers from over 40 banks and NBFCs with complete flexibility and transparency to choose from. Capital Loan Solutions is a process-oriented organization that has stringent customer safeguard policies and offers a world-class customer experience.

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