Buy your First House with Home Loan Facility

How long have you been dreaming of finally getting a home? Well, in India almost every second individual dream to have their own home and get rid of the tantrums of landlords. If you are thinking of purchasing a home, you can do it with a home loan. A home loan or home renovation loan facility is there for everyone, be it a salaried or a self-employed individual. It is important to find the right loan provider so that you get an affordable loan to meet your dream of having a beautiful home. This is your first time, and you need to pay attention to every small detail about a home loan facility. Here is everything that you need to know so that you borrow successfully.

Home loan eligibility

●        Anyone applying for a home loan should be more than 25 years. It is important to wait for the age to apply for a home loan.

●        A credit score of more than 750 is a must in order to get a home loan. If you need a home loan, your credit score should always be a good one

●        A monthly income should be high. It can be from employment or from the business. If you need a home loan you need to have the right income so that you can repay the loan for a good number of years along with an added rate of interest that can make it a burden.

●        To get a home loan you must get a good property. When you choose a good property the loan provider easily approves your loan as the recovery rate is high.

●        The debt to income ratio should be low. If you have any loan going on, you need to first clear it and then go for the next borrowing.

Documentation for a home loan

●        Aadhaar Card

●        PAN Card

●        Passport

●        Birth Certificate

●        10th Class Marksheet

●        Bank Passbook

●        Driving License

●        Ration Card

●        Passport

●        Utility bills (Telephone Bill, Electricity Bill, Water Bill, Gas Bill)

●        LIC Policy Receipt

●        Form 16

●        Certified letter from Employer

●        Payslip of last 2 months

●        Increment or Promotion letter

●        IT returns of past 3 years

●        Income Tax Returns (ITR) of last 3 years

●        Balance Sheet and Profit & Loss Account Statement

●        Business License Details

●        The license of Professional Practice

●        Cash flow statement

●        Balance sheet

●        NOC from Society or Builder

●        A detailed estimate of the cost of construction of the house

●        Registered Sale Deed

Wrapping up

A home loan from Clix Capital will be a digital and hassle-free borrowing experience. They also offer home renovation loans, so if you want to renovate your home, you can use that. It is affordable and quick.

Location: Gurugram, Haryana, India

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