HOME LOANS

Home Loans starting at 8.25% from Trusted Housing Loan Partners

Apply for quick and low interest rate Home Loans at for your dream house with quick and easy process and get instant approval.

What is a Housing or Home Loan?

Home loan is a type of money which an individual or family person required to either purchase of their dream house or expand his family house and doing construction. Customers can take upto 90% of the total property value of loan amount but that is completely depends on individual profile and their credit profile and other eligibility requirements. At CredChampion, we help individuals to get the home loans from top housing loan partners with low interest rates, minimum documentation charges and in less time frame.

CredChampions home loan service is specially designed for customers looking for new houses for investment or own living purposes. We help all the customers who have good credit history and fullfilling all the requirements but struggling with eligibility criteria and approvals. CredChampion members can avail this facility and have a good amount of Loan basis on their current income and property values with affordable interest rates and quick approvals.

Our Top Home Loan Financial Institutions

  • Home Loan Amount:

    Upto Rs.50 Lakhs

  • Tenure upto:

    Upto 5 Years

  • Interest Rate:

    13.25% to 19.25%

  • Property Loan Amount:

    Upto Rs. 90 Lakhs

  • Tenure upto:

    Upto 5 Years

  • Interest Rate:

    Starting from 12% p.a.

  • Loan Amount for Homes:

    Upto Rs. 75 Lakhs

  • Tenure upto:

    Upto 5 Years

  • Interest Rate:

    10.75% - 28%

  • Home Loan Amount:

    Rs.2 Lakhs to Rs.80 Lakhs

  • Approval Time:

    within 48 hours*

  • Interest Rate:

    14%-23% p.a.

Utilization of Home Loans?

A home seeker customer can utilize the Home loan in many ways to dream for its new house or to make the existing house a better place to live and it can be used in different ways like –

Downpayments for New House

You can utilize upto 90% of your new property value to buy new house and save your own money.

New Constructions

You can utilize the home loan to start construction of your new house.

Modification in existing Construction

You can use home loan amount to modify your existing property or renovation work as well.

Cash Flow Management

You can use the home loan amount to manage your cashflow in ongoing house building work like interior work or ant exterior works.

How Home Loan process works at CredChampion?

Why Select CredChampion for Home Loan Requirements?

CredChampion provides a platform to the customers to get connected with the top lenders in market to borrow money for their housing loan needs. We are a platform where a customer can compare the best housing loan offers from top loan providers with a single click and can save time, efforts, energy and money at same time. We also help customers to avoid the to-and-fro process and to minimize the documentation part and suggest to have a handy list of required documents. The main benefit of CredChampion’s is to make it a one stop solution here they need not to go many platforms and can fullfill all their requirements at once with the best available customer service hand-to-hand. You can check different home Loan requirements, list of documents and other mandatory documents and make a handy checklist to avoid wastage of time.

Quality Lenders

Only Top-Rated Lenders with minimum documentations, shorter duration of approvals and quick disbursals.

Flexible Loan Amounts

Loans starting from Rs.5 Lakhs to Rs.50 Croces with a click away.

Completely Digital

No paper-work. No long-forms. No long-ques. Simply fill up your details online, share your profile and requirements and easy cash.

Priority Dealing

Priority dealing of all CredChampion customers to fulfill immediate loan requirements.

Competitive Interest Rates

Our lending partners are committed to provide the best available and lowest Interest rates in the market and you have a full freedom to choose anyone out of them.

Advanced Technology & High Approval Rate

We are easily accessible platform with smooth API integration for swift document transfers and industry highest approval rates.

Eligibility Criteria for Home Loans

  • Resident Status / Nationality

    Anybody who is Indian resident as well as Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can take home loans.

  • Age Criteria

    Anybody who is above 25 years till age of 65 years can take home loans.

  • Credit History

    Anybody who have more than 700 CIBIL score can take home loans, but we always urge our customers to have a better credit score for maximum chances and to get lower interest rates. Check your Credit Score here.

  • Financial Status

    The applicant must have a minimum income and credit history .

  • Income Status

    Any users who is fullfilling minimum salary income criteria can take home loans.

Documentations Required for Home Loan

  • KYC Details- Individual Customer KYC details
  • Income Proof - Salary slips and occupation certificates
  • Bank Proof - Last 6 months bank transaction details
  • Computation Proof - Last two year’s profit and loss accounts of the company
  • Tax Proof - - Last 3 years Income Tax Returns with computation of Income

What are different type of Home Loans?

There are typically two-three type of home loans available in market.

  • New House Purchase Loans – These are specially designated to help the house owners to minimize the financial burden while the purchase of their new property. Banks in India as disbursing upto 90% of the property value basis on individual customer financial profiles.
  • Top-Up Loans - A top-up home loan is an additional sum of money that a borrower can obtain in addition to their current home loan. It is not necessary for you to begin a new loan from scratch. It is an extension of the home loan you currently have. You can only choose this option if you have a current home loan and a solid payments history.
    It can be used to a number of financial or personal requirements. The finest feature? You don't need to describe your intended purpose in great detail. Strict end-use documentation is not typically required by lenders.

How Do Home Loans Operate in India?

There are different steps in home loan process followed by different private and government housing loan lenders in India which includes some of the key components like-

  • Financial Assessments – In India, a lender's application and examination of creditworthiness, income, and property details occur after a financial assessment and investigation.
  • Property Valuations and Legalities - To make sure that the loan amount and requirements meet, property valuations and legal verifications are conducted. Loans with no dues certificates and monthly payback schedules are authorized and disbursed.
  • Customer Credhealth Eveluations - A down payment, interest rates, and discretionary income should all be taken into account when obtaining a home. Although there may be other costs, banks normally deduct 50% of the applicant's income for repayment.
  • Loan Disbursala - The home loan registration process starts once all required steps have been completed. You must sign the loan agreement and submit postdated checks, and legal documents are generated based on the bank's approval.
    After this is finished, the bank will either give you the loan money all at once or in installments based on the terms that were agreed upon.

Home Loan FAQ’s

Home loan application and process is very simple and quick as it requires your basics documentation given from different lenders.

Below are the few documents which lenders require from consumers –
  • 1. Completed Loan application form.
  • 2. 2-3 recent passport sized photographs.
  • 3. Identify proof & Residence proof including Aadhar Card & ration card.
  • 4. Bank Account Statement/Passbook for the last six months.
  • 5. Salary Certificate (original) from the employer. (Salaried individuals).
  • 6. Form 16/IT Returns for the past 2 financial years. (Salaried individuals).
  • 7. IT Returns/Assessment Orders copies of the last 3 years. (Self-employed professionals).
  • 8. Challans as proof of Advance Income Tax payment. (Self-employed professionals).
  • 9. Proof of business address for non-salaried individuals. (Self-employed professionals).
  • 10. IT returns/Assessment Orders copies of the last 3 years. (Self-Employed Businessmen).
  • 11. Challans as proof of Advance Income Tax payment. (Self-Employed Businessmen).
  • 12. Liabilities statement and Personal Assets.
  • 13. Property detailed documents.

You can use home loan for multiple instances like-
  • • Purchase of a new home.
  • • Expansion of your home.
  • • To manage the ongoing construction work in your house.

The income ranges are actually differed from lender to lender and for better knowledge this will be available when you show your interest to the particular lender and they will share the requirement with you.

Yes, it is always good to have a healthy credit score for fast and easy approvals. Lenders prefer a healthy financial profile with a Credit score of more than 700. You can check your updated Credit Score at CredChampion with ease.

Although, it again warries lending party to party but usually a customer can get upto 90% of the property value amount from financial institutions.

Usually, the home loans are of short term as the requirements are also for short tenures, so typically the home loans last till 36 months or so.

Well, this is tricky to say because these interest rates keep on changing basis on government rules and regulations as well as from the banks and other private lenders based on their own metrics. But you can find out the lowest and highest interest rates from our Home loan interest rate table below.

Home Loan is also one of the quickest loan available in market. You can check the quotes within 5 minutes with CredChampion and once you are done with your comparison then it only takes 7-8 days for the final approval meeting all client requirements.

Usually, the home loans with maximum lender are collateral-free Home loans and they will not ask you to put your personal assets in order to grant the home loan.

Yes, there are different provisions from different lenders and you can pre close your home loan by paying the pending amounts.

There are couple of different categories customers can avail home Loan facility –
New Home Buyers – An individual who wants to purchase a new home can take home loans.
Existing Property Owners– If you have an existing property then also you can apply for housing loans.

Business Owners – A business owner can also avail the home loan facility in India by fullfilling all the required criteria.
NOTE – Individual lender eligibility criteria & approval process is different, so do check with them before making a decision.

Not usually but it again depends from lender to lender and some time these lender wave off the application fee case to case basis.

Not usually but it again depends from lender to lender and some time these lender wave off the application fee case to case basis.

Not usually, these lenders will wave off the administrative charges while granting the loans.

Yes, there will be EMI bounce charges and these are usually very high and also make a bad effect on customers credit profile as well. So, we advise to go for Auto-debit of your EMI to avoid any such missings.

You simply has to show your existing property details like property ownership, date of purchase, the registry value and also the purpose by which you are applying for loan against the property.

Drop us a line at customercare@CredChampion.comand we will get back to you at the earliest.

Why should you apply for Home Loans with CredChampion Partners?

When it comes to banking system, one should be very proactive and cautious and while selecting loans it is very vital to know the processes, documentations, dos and don’ts and that is where CredChampion comes in picture to help all the customers to make the home loan journey is easy, comfortable and hassle-free. Why you can bang on us: -

Lender Selection

We work with Top lenders in the market who are rated A+ by fellow customers.

Success Rate

Approval rate is something which does matter for us and our customers, so we choose the highest approval lender.

Paper Work

We hate long documentation and long waiting with so many to-and-fro communications.

Charges

We aim for the lowest documentation & loan processing charges to give maximum benefit to our borrowers.

Digital India

We support digital India where we follow one time registration and job done.