HOME LOAN
We offer a variety of Home Loan programs, including FHA and VA Loans.
At Rudraksha Finance, we facilitate the comparison of housing loan interest rates and other features provided by top banks and Housing Finance Companies (HFCs). You can apply online for the best option available based on your credit profile. Banks and HFCs typically offer home loans ranging from 75% to 90% of the property’s value, depending on the credit profiles of the loan applicants. This is subject to the caps on Loan-to-Value (LTV) ratios set by the lenders and the Reserve Bank of India (RBI).
Home loan tenures are flexible, with the possibility of extending up to 30 years, and Bajaj Housing Finance goes even further by offering a maximum tenure of up to 40 years. This extended tenure provides borrowers with additional flexibility and convenience in managing their repayment schedules. Whether you’re a first-time homebuyer or looking to switch your existing home loan, our platform at Rudraksha Finance streamlines the process, allowing you to make an informed decision and secure the housing loan that aligns with your financial goals.
Documents Required for a Home Loan
Identity Proof Documents: Copy of any one (PAN Card, Passport, Aadhaar Card, Voter’s ID Card, and Driving License)
Age Proof Documents: Copy of any one (Aadhaar Card, PAN Card, Passport, Birth Certificate, 10th Class Mark-sheet, Bank Passbook, and Driving License)
Address Proof Documents: Copy of anyone (Bank Passbook, Voter’s ID, Ration Card. Passport, Utility Bills (Telephone Bill, Electricity Bill, Water Bill, Gas Bill) and LIC Policy Receipt.
Income Proof Documents:
Income Documents for Salaried
- Copy of Form 16.
- Latest Pay slips.
- IT returns (ITR) of past 3 years.
- Investment Proofs (if any)
Income Documents for Self Employed
- Business License Details.
- Proof of Business Address.
- ITR of last 3 years.
- Balance Sheet and Profit & Loss Account Statement of the Company/Firm
Property-related Documents:
NOC from Society/Builder, detailed estimate of the cost of construction of the house, registered sale deed, allotment letter, and an approved copy of the building plan.