Owning a home is probably every person’s dream, and in India, being the owner of a house is one of the key signs of being financially well-settled & a matter of pride. With the real-estate prices rising to the skies and the demand for buying a property is increasing proportionately, it becomes difficult for any middle-class person to purchase a home easily. So, to overcome these financial issues, Finfree home loans are provided across India by banks & NBFCs where they pitch in the required finances to help the prospective buyers with the needed monetary aid to buy a house or property. There are different types of home loans in the finance market that can be availed to purchase a new home, a resale home, plots, home extension, etc., and you can choose the most suitable one depending on your requirements.
Home Loans are secured loans in which the financier will use the home or the property that you are buying as surety for the loan, and it will be under the lender’s control until the borrower repays the complete loan successfully. Since the purchased home or the property is placed as collateral, the interest rates imposed on these loans will be relatively lower than the personal loans.
However, in case you default a loan payment or upon continued non-payment of the home loan, there are chances that the lender may seize the property, or worse case, resell or auction it. So, with a secured home loan, the risk factor for the lender is considerably low and, for the borrower it is high. Also, the lenders will approve a loan amount depending on the value of the property placed as collateral.
At Finfree Enterprises, you can easily apply for quick home loans and conveniently avail up to 75 lakhs* at reasonable interest rates from prominent home loan providers, by a hassle-free process. We offer a plethora of housing loan services to assure that your financial requirements are fulfilled as per your preferences, along with manageable repayment options. Our financial team ensures that the complete process, right from applying for a suitable loan to the disbursal of the amount happens in a smooth and unstrained way.
Like the eligibility criteria, different banks need different documents for verification that proves the authenticity of the borrower. At Finfree Enterprises, along with a completely filled-in application form with a recent photograph, you may have to submit a couple of more documents, as needed by the financial institution with which you are applying for a home loan. Mentioned below are a few documents that should be submitted for the verification process.
Identity Proof - Pan Card / Aadhaar Card / Voter ID card / Driving License / Passport Copy
Current Address Proof - Driving license/ Passport Copy/ Latest Gas Bill / Latest Property Tax Bill / Bank Passbook / Ration Card
Age Proof - Pan Card / Aadhaar Card / Voter ID card / Passport Copy / Any Other Statutory authority Certificate
Property Documents - Copy Of The Documents Related To The Purchased Property
Bank Statement - Updated Latest 3 Months Statement
Company ID - For Employment Proof
Salary Slip - Last 3 Months
Form 16 – If Required
At Finfree Enterprises, you can easily apply and avail suitable home loans from our wide range of options to overcome your monetary crisis. Our team ensures that you, as a borrower will not have to go through the complicated processing methods, and have the application approved quickly with prompt transfer of the housing loan funds. Here are a few benefits of choosing best housing loans from us.
Loan Quantum Of Up To 75 Lakhs*
Considerable Interest Rates of 8.9% - 10%
Different Home Loan Options
Manageable Repayment Options
Can Claim Tax Benefits*
Quick Processing & Approvals