Now, a home loan is possible at Rs. 15,000 income. Person obtain Rs. 2 lakh to Rs. 75 lakh home loan at a flexible 9.65% interest rate. Affordable documentation and a transparent process give you quick approval.
Home Loan Quick Recap
| Loan Amount | Maximum 75 Lakh |
| Interest Rate | 9.65% to 18% per year |
| Repayment | Up To 20 years |
| CIBIL Score | -1 or 700+ |
| Processing Charge | Up to 4% + Tax |
| Eligible Person | Salaried Individual |
Benefits of Taking a Home Loan
- Home loan is available at low interest which is 9.65% yearly.
- Loan tenure is higher compared to other loans. Get up to 20 years of repayment option.
- A credit score of 700+ is most welcome for a home loan.
- Make your dream house at just Rs. 15,000 salary.
- Transparent loan application with no hidden charges.
- Document process is lower and get digital home loan approval.
Also Read: How to Apply for a Loan with Bad Credit Online?
Home Loan Eligibility Process
Take a loan for a house renovated or make a new house at just Rs. 15,000 in-hand salaries. But you should know the details process of home loan eligibility:
- Borrower age: 21 to 65 years
- The overall credit score: -1 or 700+
- Monthly income: Rs. 15,000
- The borrower’s current job should be 6 months old.
- Co-applicant should be a Female
Compare Home Loans with Other Lenders
| Banks | Interest Rate | Process Charges | Loan Amount |
| PNB Housing Finance | 8.50% to 11.25% p.a. | Up to 0.5% of loan amount | Available 90% of property Valuation |
| Indiabulls Home Loan | 9.30% p.a. onward | 0.50% onward | Up to 10 Lakh |
| IDFC Bank Home Loan | 8.75% p.a. onward | Up to 3% | Rs. 1 Lakh to Rs. 5 crore |
| Kotak Mahindra Bank | 8.70% to 8.75% p.a. | Up to 0.5% of the loan amount | Up to 10 crore |
| DBS Bank | Up to 18% p.a. | Rs. 10,000 + GST | Up to 5 crore |
| Bank of Maharashtra | 8.35% to 8.60% p.a. | 0.25% + Tax | Up to 10 crore |
Home Loan List of Documents
Taking a home loan is easier when you have all the documents. 24hr Loan gives you a list of complete documents for a home loan. Check the ones before applying:
- Borrower KYC Documents: Pan Card / Aadhaar Card / Voter Card
- Borrower 3 months salary slip and 6 months bank statement
- Current Deed of Property
- Property Tax Xerox copy
- Mother Deed copy (If deed not more than 13 years)
- Record of Land
- House Plan which the Engineer will do
- Esteemed of Home renovation cost
- Co-applicant KYC documents
- Both passport photos of the Applicant and Co-applicant
Also Read: Mortgage Loan at 12,000 Salary
How much Home Loan Can I be eligible for at Rs. 15,000 Salary
As a borrower, you should know how much a home loan fits at Rs. 15,000 salary. Lenders provide home loans on basic calculation. Approximately 60 times your in-hand salary is eligible home loan amount.
Let’s understand with an example. I have a Rs. 15,000 net salary. So, the lender will calculate 15,000 X 60 which is 9,00,000. Borrowers will be eligible for a Rs. 9 lakh home loan. This is the process of home loan calculation.
Apply for a Home Loan
Start your home loan application process within minutes. Borrowers need to fill required details for home loans. Our team will contact you and collect all documents.
You should know about our home loan documents list and eligibility criteria for a transparent process.
FAQs on Home Loan
How much credit score is required for a home loan?
An actual credit score of 680+ is needed for a home loan. But a healthy score gives you a higher loan approval chance.
Can I get a home loan at cash salary?
24hr Loan provides a home loan for a new home or home renovation at a cash salary. But cash salary must be Rs. 12,000 or more required.
How to know home loan amount eligibility?
You can easily calculate home loan amount eligibility with your net salary X 60. The answer will be your loan amount. Also, the bank checks current loan running, Loan to Value, and employee job profile before providing a home loan.