Unique Features of Home Loan

Some of the unique features of Home Loan are listed below

• The purpose of taking a Home Loan is to buy a House or flat or resale or renovation of existing house or apartment
• Usually Home Loan amount is slightly on a higher side compared to other loans but it again depend upon applicant eligibility and income
• All home loan are secure with collateral
• The maximum loan tenure is for 30 years depending upon the age and other factors
• Investment for Home is always safe and useful as the valuation of the property keeps on increasing and there is no doubt that property prices has been increased drastically in couple of years
• Applicant gets Tax benefit under section 80CCE of income tax act

Home Loan document list for Salaried in India

Following are the list of documents require by the financial institutions to process the loan application

1. Government ID proof like Pan card, Aadhar card, Driving License etc
2. Signature proof like Pan Card & Passport
3. Current residence proof such as postpaid bill, Bank statement, Utility bill & rental agreement
4. Income proof like pay slips for last 3 months and Form 16 for 2years
5. Bank statement minimum 6 months where salary is getting credited
6. 1 Passport size photo
7. Property paper such as Registered sale deed or sale agreement, allotment letter or possession certificate, latest property tax paid receipt, approved plan from the concern authority or municipal corporation.

Home Loan document list for Self-employed in India

1. Government ID proof like Pan card, Aadhar card, Driving License etc
2. Signature proof like Pan Card & Passport.
3. Current residence proof such as postpaid bill, Bank statement, Utility bill & rental agreement.
4. Last 3 years Income Tax Returns with computation of Income
5. Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
6. Bank statement preferably current account for 1 year
7. 1 Passport size photo
8. Property paper such as Registered sale deed or sale agreement, allotment letter or possession certificate, latest property tax paid receipt, approved plan from the concern authority or municipal corporation.

Why should I apply for Home Loan at Capsure Marketing Services?

Here are some of the few reasons to apply Home loan at Capsure Marketing Services

• At Capsure Marketing Services we have a dedicated team who supervise the entire loan process and provide you end to end guidance , which will help you for smother processing
• You can compare different Home Loan offers and rate of interest offered by various financial institutions in our portal
• Our web site is user friendly and you can check your eligibility and EMI before applying Home Loan
• The entire process will be completed hassle free without going anywhere or visiting any financial institutions.
• Our team hand holds the customer from preparing the documents to submit the bank till disbursement of the entire loan

How to apply personal Loan at Capsure Marketing Services

How to apply personal Loan at Capsure Marketing Services

• Check out the best offer and avail the benefit
• Submit the Online application
• Our dedicated team will collect the hard copies from you at your convenient time and place
• Pay the processing fees in favor of the financial institution
• Read and Sign the loan agreement along with the sanction letter where terms and conditions will be written
• Your Home loan will be disbursed

Home Loan Charges and Fees

• Legal Fee
• Administrative charges
• Statement of account or Loan statement fee
• Late Payment Charges
• Processing fee
• Pre-payment charges
• Regulatory charges
• Photo copies of the document charges
• Change in loan tenure or rate of interest

Eligibility Criteria for Pradhan Mantri Awas Yojana (PMAY)

• Any household with an annual income between 6 lakh to Rs. 18 lakh can apply for this scheme. The annual income of a spouse could also be included while applying.
• The applicant or any other family member must not own a pucca house in any part of the country.
• The beneficiary can only buy a new house in order to enjoy Pradhan Mantri Awas Yojana benefits.
• The beneficiary cannot avail PMAY benefits on an already built house.
• People will be allowed to buy/construct new houses only.
• Indian citizens who are women may apply. No other demographic will be considered as long as they are women.
• For senior citizens and differently-abled, ground floor housing is given preference.
• Scheduled tribes and castes will also be eligible.
• If the applicant is married, both together in joint ownership or either of the spouse can get a single subsidy.

How to Apply for Pradhan Mantri Awas Yojana (PMAY)

• Visit the PM Awas Yojana official website http://pmaymis.gov.in
• The process begins with AADHAR Verification by entering the 12-digit Aadhar number under the ‘Citizen Assessment’ option.
• Enter all information in the application fill in all personal details and click the ‘save’ button.
• On successful application, you will be allotted a system generated application number, that can be used for future reference

Interest Rate Subsidy under Pradhan Mantri Awas Yojana (PMAY)

• Apply for a home loan from any listed lending institution asking for subsidy and the same is there in the application form while applying for Home Loan
• The lending institution will check your application and if you are eligible under the plan, after that your application will be sent to the Central Nodal Agency.
• After the verification of your application if it is approved and no discrepancies are found, the Central Nodal Agency will disburse the subsidy amount to the specific lending institution.
• This amount will be credited to your Loan account by the lending institution which will lower your total loan amount.
• You can continue paying the EMIs towards the balance loan amount.

Check your name in PMAY 2020 Beneficiary List

You can check online your name in PMAY 2020 Beneficiary List by following these steps:

• Visit the official website - pmaymis.gov.in.
• After that click on 'Search Beneficiary'
• Enter your Aadhaar number
• Final step Click 'Show'