Home Loans
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Why Choose Loan Shree Finance Services To Apply For Home Loans?
A loan, when managed well, is the biggest realize of our dreams. And when it comes to a life goal as significant as buying a home, a home loan is a tool those benefits countless people. However, there are many among us who have funds to buy a home without requiring help of a loan. They often face a dilemma: should they exhaust their savings to purchase a property and avoid debt or take a loan instead? There’s no “one-size-fits-all” answer to this.
Shree Finance Services is one of India’s leading distributors. You can avail of a home loan Nagpur in India over a decade of experience in the loans industry; we strive to help our customers get the best offers and deals on home loans.
Types of Home Loans in India
Home Loan
This is the most common type of home loan availed to purchase a house. There are many housing finance companies, public banks, and private banks that offer housing loans where you borrow money to purchase the house of your choice and repay the loan in monthly installments.
You can get up to 80%-90% of the house’s market price in the form of financing. The lender will hold the house until you completely repay the loan.
Home Construction Loan
This is the right home loan type if you already have a plot of land and you need financing to construct a house in that land.
Home Extension Loan
Say you already own a house and you would like to extend the house with another room or another floor to accommodate the growing family. Home extension loan provides financing for this purpose.
Home Improvement Loan
A home improvement loan provides financing for renovating or repairing the house if there’s any fault in the existing system, such as painting the house’s interior or exterior, plumbing, upgrading the electrical system, waterproofing the ceiling, and more.
Home Loan Balance Transfer
The current home loan interest rate may be overwhelming, or you may not be happy with your current lender’s service; you can transfer the home loan’s outstanding balance to a different lender who offers a lower interest rate and better service. Upon transfer, you can even check out the possibilities of a top-up loan on your existing one.
Composite Home Loan
This type of home loan provides financing for purchasing the plot of land where you would like to construct a house and for the construction, both within a single loan.
Problem Free Process
We have trained an efficient, smooth, and very easy process for our consumers to get a home loan. Our trained executive help customers to go for best banks interest rate and the maximum amount to satisfying customer need. Our highly proficient guides the consumers to embark on a problem-free process
Why Applying with us
Shree Finance Services is value our consumers and are always on our toes to give them the benefits of our expertise. Applying for a home loan with us, we always give you a chance to avail the best offers and deals from top Banks in our customer fever.
Free expert guidance for best deals
Our financial experts are always ready to give you the perfect and latest deal. These highly trained professionals in finance know the back and forth of the industry. Our dedicated team of experts will help you at any given time.
Privacy Policy
Shree Finance Services understands the value of your documents and keeping them safe and secure. Hence be rest assured as your loan applications are processed electronically with complete privacy and transparency.
About Home Loan
A home loan is an amount of money that an individual borrows from a bank or money lending company at a certain rate of interest to be paid with the EMI every month.
Features of a Home Loan:
Home Loan Eligibility Factors:
Banks have their own standards for calculating eligibility. Factors like age, annual income and loan tenures play an important role. You should do some shopping to check which bank is offering you a higher loan eligibility. Adding up your spouse’s income may be a good option to increase your eligibility.
Home Loan Fixed or Floating Interest Rate:
A fixed interest rate means that you will have to pay the same EMI over some time (it may be fixed for the entire tenure or it may be reset at fixed intervals). Floating interest rates may change at any given point in time, which may result in an increase or decrease in either your home loan EMI or your tenure.
Pre approved offers:
In most cases, the bank where you have an account will provide you with easily approved loan offers. You can claim these offers and get the loan amount within your account in a matter of 7days. The amount will range from bank to bank. This process is the fastest of all.
Expeditious loan approval
The mechanism of approving a Home loan is very easy, efficient, and problem-free. When it comes to approval, they can be approved quickly whereas the paper approval takes not more than 7-10* working days depending from Bank to Bank.
What are the Documents Required to avail a Home Loan?:
Banks offer Home loans to customers who fulfill their designed eligibility. The eligibility criteria changes from bank to bank and the profile of the Customers. But there are some commonalities that you have to follow or acquire to get a home loan from any bank. Banks give home loans by dividing their customer’s profession and their income history. You can refer to the following table for a gross understanding of the bank’s eligibility criteria:
*The list of documents differs from bank to bank. The above given list is generic, not specific.