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Home Loan

Why take a Home Loan from 5nance?

Get your home loan disbursed - the effortless, cost-effective way on our platform!

Personalized advisory

Personalized advisory

Make informed decisions with expert guidance on the home loan that matches your requirements.

End-to-end expert guidance

End-to-end expert guidance

Get customized, unbiased advice right from the application to disbursal of your home loan.

Free of cost

Free of cost

Save time and money spent on a financial advisor with our free expert recommendations.

Better deals

Better deals

Compare and choose from multiple options offered by top-notch home loan providers.

Eligibility Criteria

Minimum/Maximum Age

Minimum/Maximum Age

Self-employed professionals: 21-60 yrs., salaried employees: 23-60 yrs.

Yearly Income

Yearly Income

Your annual income should be more than Rs. 4.5-5 lakhs.

Employment Type

Employment Type

You can be a salaried or self-employed professional/self-employed individual.

Type of Residence

Type of Residence

You must be living in a permanent/rented home for a minimum of 1 yr.

Credit Rating

Credit Rating

Your credit rating plays a considerable role in determining your home loan eligibility.

Status of Employment

Status of Employment

A steady income and employment stability are considered for your home loan approval.

Home LoanCalculator

Check your home loan repayment EMIs by using our home loan EMI calculator.

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EMI Calculator

Loan Amount
Tenure
Interest Rate
13,400 Monthly EMI
32,15,897 Total Amount Payable
55 Interest
45 Principle
15,00,000 Principle Amount
17,15,897 Interest Amount

List of required documents

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Application Documents Application Documents

Application Documents

  • Application Form
  • Photos
Address proof Address proof

Address proof

  • Passport copy
  • Electricity, water, telephone, other utility bills
  • Registered rent agreement
  • Ration card/voter’s id
  • Driver’s license
  • Domicile certificate from the municipality
Property Documents Property Documents

Property Documents

  • Chain of agreements
  • Conveyance deed
  • Sales deed
  • Allotment letter
  • Possession letter
  • The latest property tax receipt
  • Completion Certificate (CC)
  • Occupancy certificate (OC)
Proof of Identity Proof of Identity

Proof of Identity

  • Passport
  • Driver’s license
  • Voter’s ID
  • PAN Card
  • Aadhaar Card
Income proof Income proof

Income proof

  • Salaried
  • Last 6 months’ bank statements
  • 3 months’ salary slips
  • Form 16 for the last 2 yrs
  • For self-employed, business owners
  • Bank statements
  • Passbooks
  • IT returns certificate for the last 3 yrs
  • Last 3 yrs. audit balance sheet

How to get your home loan in quick, easy steps

Apply for Home Loan

Apply for a Home Loan

Evaluation of Repayment Capacity

Evaluation of Repayment Capacity

Sanction/Approval of the Home Loan

Sanction/Approval of the Home Loan

Legal Verification

Legal Verification

Property Valuation

Property Valuation

Submit any additional docs if required

Submit any additional docs if required

Sign the Agreement, Disbursal

Sign the Agreement, Disbursal

Our Partners

Bajaj Finserv Home Loan
Indusind Bank Home Loan
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Kotak Mahindra Home Loan
tatacapital Home Loan
IDFC Bank Home Loan

FAQs

Everything one needs to know about getting a home loan, find out here.

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What is a Home Loan?

A home loan is provided by a bank or financial institution (lender) to a borrower for buying a residential property. The lender holds claim over the property until the loan is paid back in full along with interest.

Home loans last for a minimum tenure of 10 yrs. and a maximum period of 30 yrs. The duration depends on the customer’s fulfillment of the eligibility criteria and amount that the lender approves.

A self-employed or salaried professional with a regular source of income can apply for a home loan. One must be at least 21 years old. He/she should not exceed 60 years of age when the loan ends. Specific details like age limits, income levels, etc. may vary as per the lender.

The basic factor is the individual’s repayment capacity. The other key factors that hold weight include:

  • Income level of the borrower
  • The applicant’s age
  • Employment stability
  • Resident status
  • Spouse’s income
  • No. of dependants
  • Credit history & score
  • Current status of loans

Parents, spouse and children can be joint borrowers in case of a home loan.

This number is fixed at 6. Only family members such as parents, siblings and spouse can be co-borrowers. Choose a co-borrower with a good credit history and score compared to an average one.

The rate of interest varies with market conditions. A floating rate home loan is tied to a base rate and has a floating element. The floating interest rate is revised if the base rate is revised upwards or downwards depending on the market conditions.

A fixed-rate home loan is one where the interest rate is fixed throughout the duration of the loan. The interest rate doesn’t vary as per the market fluctuations. During the earlier period of the loan’s duration, a major constituent of the monthly installment is used to service the interest while the principal is served in the later parts of the duration.

Issue post-dated cheques for the duration of the home loan. Get the amount automatically deducted from one’s salary. The borrower can issue instructions ECS (Electronic Clearing System) wherein the EMI is automatically deducted from the bank every month.

Great things customers are saying!

Here is what our customers have to say about us and our services.

Top online home loan option

Was looking for a home loan so thought of exploring online options, came to know about 5nance. Their loan advisors helped me get my home loan processed and disbursed and also helped me reduce my upfront cost. Thank you

Manish Singh, Delhi

Appreciate quick solutions!

Helpful advisors

The advisor helped me understand details about my home loan. I always thought getting a home loan is a tedious long effort but people at 5nance made it simpler for me. Appreciate all the work and help they provided for my home loan.

Janhavi Patil, Pune

Co-operative staff

Best interest rates

I was skeptical about the company but the advisors were very friendly and very active. The best part is they helped me understand the process better and guided me to get best rate of interest from the providers. Very happy with 5nance and the advisors of 5nance.

Aakash Verma, Bangalore

Personalized loan worked for me!

Great assistance

Good company to get your home loan from. They help you from start till your home loan amount is disbursed. Happy with the experience. Cheers to 5nance.

Mustafa Bohri, Mumbai

Personalized loan worked for me!

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Disclaimer

Innovage is not responsible for the accuracy or reliability of any information displayed about the loan products as the same is received from the respective loan providers.

Further Innovage accepts no liability whatsoever for any loss or damages of any kind including but not limited to, direct, indirect, incidental, equitable and/or consequential damages suffered by the user arising from availing the loan product.