Home Loan - Shivsai Capital

To encourage people to realise their dream of buying a house, the RBI has proposed the Rule (Home loan)

- LTV stands at 90% for homes that Value 30 lakhs and lesser.
- LTV stands at 80% for homes that Value between 30 lacs & 75 lacs.
- LTV stands at 75% for homes that value 75 lakhs & more.

Benifits of Home loan:

A home loan allows you to claim income tax deductions on the intrest & principal amount due under the Income tax Act, 1961, as per section 80c, you can claim upto INR 1.5lacs on principal Repayments and upto INR 2lakh on intrest repayment under section 24B.

5 effective tips to get your home loan approved instantly:

1) Know your financial condition
2) Pay higher down payment
3) Maintain you Credit Score
4) Utilise the Co-applicant feature
5) Pay attention to application form & documents
6) Pay attention to errors on your credit report

Types of Home loan:

1)Home Loan: This is the most Common type of home loan, it is meant for buying new apartment, row house, bunglow for developer and development authority.

2)Home construction Loan: You can avail if you already own a plot & require funds for construction of house on that land.

3)Home Extension Loan: Could be helpful in such situation, you can get this type of loan to fund the cost of adding a new Room/Floor in your house, extending the kitchen, bathroomy etc.

4)Balance Transfer Loan: Housing Finance Compancies offers this unique services that allow you to transfer Your existing home loan from one lender to another. Balance transfer is usually done to get loans at lower a intrest rate, fexible repayment terms & some other benifits.

Make every moment merrier in your home with our economical intrest. It is a secure loan that is obtain to purchase property by offering. It has collateral. They are repaid through EMI.