Check your LIC Housing Finance Home Loan Eligibility for Instant Availability of Home Loans

Owning a home has become a lifetime experience which can be cherished throughout your lifespan. Now getting your desired home loans are not that too hard, when there are so many lenders available in the market place. Buying a home goes through a pre-planned stage where optimum funding comes at a latter stage. The moment you finalize your deal with your builder, you are required to pay instant cash. For fulfilling your objective, you require the immediate backing of funds from your chosen bank or non-banking finance company.

LIC Housing Finance is one such non-banking finance company which comes to your immediate help as soon as you require instant funds. Assess your eligibility beforehand when it comes to availing home loans with LIC Housing Finance. The eligibility will allow you to know whether you are allowed to avail home loans or not. Next comes other stages -submission of documents, verification checks and  sanction of home loans with an appropriate interest rate and tenure.

LIC Home Loan Interest Rate & other details

• LIC Home Loans are offered in the range of 8.35% -8.80% p.a.

• The minimum amount of loan offered on LIC Home Loan is ₹ 1 lakh.

• The maximum tenure for LIC home loan is fixed at 30 years for salaried borrowers and 20 years for self-employed borrowers.

• The upfront fees are chargeable on LIC Home loans from time-to-time as per the company's policies.

• The loan to property cost is chargeable on this loan for different amounts of Loan as :

• 85% of total cost of property for loans upto ₹ 20 lakhs(including Stamp Duty and Registration Charges)
• 80% of total cost of property for loans above ₹ 20 lakhs(including Stamp Duty and Registration Charges)
• 75% of total cost of property for loans upto ₹ 75 lakhs and above(including Stamp Duty and Registration Charges)

Features and Benefits of LIC Home Loans

• Assistance from skilled professionals in time for guiding you throughout the home loan process with doorstep facility.
• Attractive interest rates
• PAN India presence and overseas offices at Dubai & Kuwait
• LIC Home Loan approval as per your financials for providing you assistance in selection of property depending on your Budget
• No hidden cost

LIC Home Loan Eligibility Criteria

• The borrowers residing in India, non-resident Indian and pensioners are eligible for getting LIC Home Loans.
• Those borrowers either being salaried employees, self-employed professionals and businessmen are eligible to get LIC Home Loans.
• Pensioners in the age group of 70 years are categorized as pre-retirement individuals and pensioners in the age group of 70 years or above are categorized as post-retirement individuals, both are entitled  to avail LIC Home Loans.

LIC Home Loan Eligibility Calculator

Know the different combinations that the company offers towards repayment of their home loans. Moreover, an analysis has been made which one will adjust as per their needs and repayment capacity of an individual. An individual needs to enter the below details for knowing about his/her eligibility:

• Net monthly income
• Existing EMI
• Rate of Interest
• Loan Tenure

As per the general rule, higher the capacity of the borrower for repaying the loans, higher would be the amount that defines the borrower's eligibility. However, the home loan amount will be higher for the bigger loan duration and have lower interest rates.

LIC Home Loan EMI Calculator

Use LIC Home Loan EMI Calculator in order to calculate your EMI that you will be repaying towards your home loan. Just enter the basic details like loan amount, tenure and interest rate applicable on your home loan. The final value arrived from the calculator will be your actual EMI payable after a particular period of time.

Let us understand with the help of an example:

Amarjeet is a self-employed professional who is willing to buy a flat in a posh-locality of Delhi. He has applied with LIC home loan for availing home loans upto ₹ 75 lakhs for 20 years duration at 8.40% interest rate. So, the calculation of EMI along with interest outgo as well as the total amount for the year will be :

EMI = ₹ 64,613

Total Interest Amount= ₹ 80,07,081

Total Amount(Principal +Interest) = ₹1,55,07,081

Documents Required for LIC Home Loans

The borrowers are required to submit the following documents in order to apply for the LIC home loans :

1. General Documents

• Duly filled and signed application form.
• Passport sized photographs.
• Bank statements for the last 6 months.
• Cheque with processing fee amount.

2. Salaried Applicants

Apart from the aforestated documents, salaried borrowers must furnish the following documents:

• Salary slips for the last 3 months
• Form 16 or Income Tax Returns

3. Self-Employed Applicants

In addition to providing the general documents mentioned above, self-employed borrowers are required to submit the following documents as under :

• Certificates of educational qualifications.
• Proof of existing business
• Income Tax Returns for last 3 years along with computation of Income.
• Balance Sheet and Profit & Loss Account for the last 3 years, certified / audited by a chartered accountant.

Check out Axis Bank Car Loan Eligibility to avail a car loan

Many people carry a wish in their hearts to buy their dream car. After all, having a car at your disposal comes with so many benefits. You can easily skip the public transport and take your car to the office. Planning a short trip to any nearby hill station is easier when you have your own car. Going on long drives with your loved ones in a car has its own thrills. In short, a car is not only a vehicle of transportation but a medium of creating so many memories. In case you have kept aside some savings for your dream car, then I have some news for you. You can avail a car loan from Axis Bank and bring home a stylish car. Axis Bank offers a car loan at an interest rate between 11 to 12% for a tenure up to seven years. Before you make up your mind about availing the loan, you must be aware whether you are eligible for the loan or not. This article will clear all your doubts and provide you with essential information regarding Axis Bank car loan eligibility.

Axis Bank Car Loan Eligibility

Axis Bank has set up certain norms of car loan eligibility and any car loan seeker has to first meet the criteria so as to avail the product from the bank. The bank provides a car loan to every eligible salaried employee, self-employed individual, self-employed non-individual and even those people who maintain a salary account with the bank. The bank decides the repayment capacity of the applicant on certain parameters like age, income, stability of job or business. The norms of eligibility have been given below. Have a look at the same.

Salaried employees

• The basic requirement for a salaried employee is that he/she should have attained at least 21 years of age while applying for the loan. 21 years is the minimum age that one has to acquire if he/she wishes to take a car loan. Another important point is that the maximum age at the time of loan maturity should be 70 years. This clearly means the entire loan along with the interest has to be repaid by the age of 70 years.
• Income plays a very significant role in deciding the eligibility of the applicant. A salaried employee must earn an annual income of at least Rs. 2,40,000 so as to avail the product. He/she also must be working with the current employer for a period of at least one year.

Self-employed individual

• The applicant must be at least 18 years of age while applying for the loan. The loan needs to be completely repaid by the age of 75 years and the applicant must not exceed this age.
• The net annual business income should be at least Rs. 1,80,000 for selected car models while for others the minimum requirement is of Rs, 2,00,000. It is very important to fill income tax returns.
• The applicant must be engaged in the same business for a period of at least three years.

Self-employed non-individuals

• The net annual business income should be at least Rs. 1,80,000 for selected car models while for others the minimum requirement is of Rs, 2,00,000. It is very important to fill income tax returns and ITR for the past two years along with audited Balance Sheet will be taken into account while deciding the eligibility.
• It is very important to have at least three years of employment in the same set of business.

Applicants maintaining a salary account with the bank

• Salaried customers who have maintained a salary account with the bank for the last three months are too eligible to apply for the product.
• The applicant should be working with a reputed multinational corporation, public limited or private limited company. Permanent employees of any state or central government, reputed schools & colleges and public sector undertaking can also approach the bank for the car loan.
• The applicant must be at least 21 years of age and must be working for the current employer for a minimum period of one year.
• The loan needs to be repaid by the time the applicant turns 70 years. This stresses that the maximum age of loan maturity is 70 years.
• The net annual income of the applicant should be at least Rs. 2,40,000.

Documents Checklist for an Axis Bank car loan

If knowing about the eligibility is important, then having knowledge about the documents to be submitted to bank is as much important. Check out the list of documents which have to be submitted to the bank for availing a car loan.

• Completely filled application form
• Proof of Identity- Driving license/Voter ID card/PAN Card/Passport/Aadhar card
• Age Proof- PAN Card/High school mark sheet/ Passport/Voter ID card/Birth certificate
• Proof of Income- Salaried Individuals: Salary Slip of the past three months, Form 16 and ITR of the past two financial years. Self-employed: Audited Balance Sheet along with Profit & Loss account and Income Tax returns of the previous three years  
• Pro-forma Invoice or Rate List
• Proof of Residence- Voter ID card/Telephone Bill/Electricity Bill/Passport/Life Insurance Policy
• Signature Verification Proof- PAN card/Passport or any other document which can verify the signature of the applicant
• Bank Statement of the last six months

Now that you have known about Axis Bank car loan eligibility, you can easily decide if you are eligible for the loan or not. If yes, then you should hurry up. Approach the bank as soon as possible for the best deal.

Tune into HDFC Personal Loan EMI Calculator for a hassle free loan journey

While looking for a personal loan, what is that one thing that strikes your mind? You will say interest rate, tenure period, loan amount or processing fee. Everyone will have almost the same answer. However a very important element is being missed here. Let the guesswork begin. That important element is EMI. Yes my dear friend, EMI is a very important factor which has to be considered while availing a personal loan from the bank. This sole factor has the potential to make or break your loan journey. The market is full of lenders who are more than happy to offer you a personal loan. However, you must always choose the one that gives the best rate of interest and other facilities. HDFC Personal loan comes with competitive rates of interest and is offered to every eligible salaried employee. Today, I will be telling you about HDFC personal loan EMI calculator.

You must be thinking why I am talking about HDFC personal loan EMI calculator? The answer is very simple my friend. The calculator can be used to calculate your EMI amount and total interest payable to the bank within few seconds. You can now say a big goodbye to manual calculation and instead use the tool to calculate your EMIs. Pen and paper will now take a backseat because this calculator provides reliable and accurate results to the user within few seconds. All you have to do is simply use the calculator to find out the EMI amount which you will have to pay to HDFC Bank every month.

EMI stands for equated monthly installment and need to be paid to the bank every month on a due date. In case, you are unable to pay the EMI on time, you will attract penalty charges on the same. HDFC personal loan EMI calculator will help you to calculate the EMI amount and thus you will be able to plan a budget accordingly. This will ensure that you have a smooth personal loan journey. So do remember my friend simply availing a personal loan won’t help. You will have to consider the aspect of EMI as well.

I would like to inform you all about how a HDFC Personal loan EMI calculator actually works. The tool is tailor made to provide you with the information related to the EMI amount you will have to pay to HDFC as well as the total interest payable. You have to do nothing but just feed in the details of your loan amount along with the rate of interest and tenure period. The best part is that you won’t have to wait for much longer as the results are displayed on the screen instantly. You can use the tool to compare the EMI offered on various rates of interest. To make things easier for you, I have given an example below. Have a look at the same.

Suppose Abhishek Ranjit, the programming head of Colors channel living in Mumbai, wants to take his parents to an extended trip to Europe. He requires Rs. 5 Lakhs for the same and has already saved Rs. 2 Lakhs for the trip. For the remaining Rs. 3 Lakhs, he decides to approach HDFC bank. The bank checks his repayment capacity and finds him to be eligible for the personal loan. Abhishek is offered a personal loan of Rs. 3 Lakhs at an interest rate of 11.5% for a tenure of three years. Abhishek is more than happy to receive the loan. He acts smartly and decides to use the EMI calculator so as to find the EMI amount. He wishes to know the EMI amount so that he can keep the said amount aside from the salary every month. The EMI amount and the total interest payable will turn out to be Rs. 9,892 and Rs. 56,140.respectively. This clearly means that Abhishek will be paying the bank Rs. 3,56,140 in three years so as to repay his loan completely.

As you can see from the above example, Abhishek is smart enough to take maximum utilisation of HDFC personal loan EMI calculator. You too must use the tool to plan things accordingly and have a tension free personal loan journey.

With Relaxed SBI Home Loan Eligibility, own your Dream House Now!

 SBI Home Loan Eligibility is the criteria used by the bank to determine the eligibility and financial capability of the applicants. SBI is one of the largest banks in the world and many people want to get associated with this bank, especially after the recent SBI merger. SBI has always made it a point to keep pace with the changing needs of the customers. With the rising demands and desires of the people, the bank has launched the products that are just what the customers desire. Apart from providing multiple benefits on all its products and services, the bank provides for a much appreciated, convenient and hassle free banking experience. Read on to know more!

SBI Home Loan Documents

SBI Home Loan Documents that are required from every applicant are:

• Duly filled application form
• Proof of Identity (Driver’s License/ Passport/ Voter’s ID/ PAN Card)
• Proof of Residence (Electricity Bill/ Telephone Bill/ Passport/ PAN Card/ Property Tax Receipt)
• Proof of Business Address (For Self-Employed Individuals)
• Bank account statement and/ or passbook for the last 6 months
• Signature Identification
• Statement of personal assets and liabilities
• Passport size photographs

Apart from the general documents, specific documents are also required from applicants depending upon their nature of profession. They are:

• For Salaried Professionals:
• Salary certificate (original)
• Certificate of TDS on Form 16 or Income Tax Returns for the last 2 years
• For Self-Employed Individuals:
• Income Tax Returns or Assessment Orders for the last 3 years
• Receipts for payment of advance Income tax

SBI Home Loan Interest Rate

SBI Home Loan Interest Rate varies on the basis of the nature of profession of the applicant. Also, special interest rates are provided by the bank for female applicants. Take a look!

• Salaried Professionals: The interest rates provided by SBI to the salaried professionals for a credit up to ₹ 30 Lakhs is 8.40%. However, the interest rates for female applicants for a credit up to ₹ 30 Lakhs is 8.35%. For the credit amount of more than ₹ 30 Lakhs, the rate of interest ranges from 8.55% to 8.80%. For the females applicants, the rate of interest for the credit amount more than ₹ 30 Lakhs ranges from 8.50% to 8.75%.
• Self-Employed Individuals: The interest rates provided by SBI to the self-employed individuals for a credit up to ₹ 30 Lakhs is 8.55%. However, the interest rates for female applicants for a credit up to ₹ 30 Lakhs is 8.50%. For the credit amount of more than ₹ 30 Lakhs, the rate of interest ranges from 8.65% to 8.90%. For the females applicants, the rate of interest for the credit amount more than ₹ 30 Lakhs ranges from 8.60% to 8.85%.

SBI Home Loan Processing Fee

Currently, SBI is not charging processing fee for the takeover of Home Loan proposals that were sourced for the period beginning from April till the month of  June. This is applicable only if the credit amount is fully or partially disbursed on or before the end of July. Also, the applicants who are employees of the Central and/or the State government are exempted from paying the processing fee.

The structure of processing fee charged otherwise is up to 0.35% of the credit amount, along with the applicable Service Tax, which may range from a minimum of ₹2,000 to a maximum of ₹ 10,000.

SBI Home Loan Apply Online

SBI Home Loan Online application can be done through the official website of the bank. To do so, all that an applicant needs to do is visit the official website of SBI and navigate as required to the application form page of the product. The form would ask for the basic credentials of the applicant such as name, age, monthly income, other financial obligations and the likes. By filling this form and successfully submitting it, the applicant is done with the first and the major step of SBI Home Loan Application. The next step would be to submit the required documents. This can be done through a doorstep service wherein an SBI executive could pick up your documents for you and submit them in the bank or you could directly do that by visiting the nearest SBI branch. You can seek help and assistance from an SBI executive in case you have any queries regarding the application process.

SBI Home Loan Status

SBI Home Loan Status can be checked on the customer portal of SBI bank using the unique login ID that in provided to every customer during the process of application. This login ID helps the customers keep an eye on the status of their credit application. This status contains key information about the credit facility provided by the bank and allows the applicant gain access to the progress in the process of credit application. The applicants can access the SBI Home Loan Status anytime and anywhere as this facility is especially provided by the bank, keeping the convenience of the customers in mind. This facility makes the whole process more transparent and convenient for the customers.

SBI Home Loan Customer Care

SBI Home Loan Customer Care can be reached out through multiple channels. This division of the bank pays special emphasis to the queries and grievances of the customers. You can get in touch with them through their toll free numbers - 1800-11-22-11 and 1800-42-53-800. You can also visit the nearest SBI branch to resolve your issues in person.

SBI Home Loan Calculator 2017

SBI Home Loan Calculators are of two types:

SBI Home Loan Eligibility Calculator: This calculator helps the applicants in judging their Home loan eligibility for the SBI loan. The tool simply asks for the basic details of the applicant such as name, age, monthly income and the likes. On assessing these details, the tool churns out the eligibility of the applicant in less than 1 minute. This reduces the painful task of visiting the bank just to ascertain the eligibility of the applicant.

SBI Home Loan EMI Calculator: SBI Home Loan EMI Calculator is a tool that helps the applicant ascertain the monthly installments that they would have to pay towards the repayment of the credit amount. The tool asks for the basic details of the loan such as the credit amount, rate of interest offered by the bank and the total tenure of credit. By assessing these details, the device calculates the monthly installments that the applicant would have to pay on a regular basis. This tool eases out the cumbersome and time taking task of the applicant of determining the EMIs and helps them a well balanced decision before taking the loan.

Know in-depth about HDFC Personal Loan Interest Rate

HDFC Personal Loan Interest Rate is competitively priced, keeping in mind the convenience of the customers. Incorporated in the year 1994, HDFC is one of the largest banks of the nation with a nationwide distribution network.

The bank is exclusively known for its customer satisfaction and convenience, both nationally and internationally. HDFC Personal Loan is an exceptionally successful product of HDFC which has many happy and satisfied customers to itself. The product holds many benefits and features that make it distinct. Read on to know more about this product.

HDFC Personal Loan Features

HDFC Personal Loan bears the following features that makes it stand out. Take a look!

• Minimal documentation: HDFC bank calls for minimal documentation for its products which makes it an easy and convenient option for the applicants.
• Added protection with accident cover: You can avail an accident cover along with the credit facility worth ₹ 8 Lakhs and an illness cover worth ₹ 1 Lakh for a nominal premium payment.
• Instant disbursal: The bank provides instant credit disbursal. The credit amount is made available to the applicant within 48 hours of the approval.
• Security of your credit amount: You can avail the facility of Sarv Suraksha Pro, which is a credit shield, equal to the outstanding amount of the credit.
• Economically priced: This product is very thoughtfully and prudently priced with attractive and highly competitive interest rates.
• One loan for varied needs: This credit facility can be used to fund varied needs of the applicant. From personal financial emergencies to financial urgencies of the business, a financial crunch of any type and intensity can be taken care of with this credit facility.
• Transparency in processing: The bank provides an easily traceable and transparent processing of the credit amount, keeping the applicant updated of every step of progress of the credit facility.
• Credit transfer facility: The applicant can get the existing credit transferred to HDFC and save up on the interest rates.
• Easily accessible customer care: HDFC provides for an easily accessible customer care. The HDFC customer support team can be reached out via multiple channels such as SMS, Phone Banking, Webchat and Click2Talk.

HDFC Personal Loan Eligibility

HDFC Personal Loan Eligibility Criteria is as follows:

• Age Limit: The applicant must fit-in the age criteria of a minimum age of 21 years during the credit application to a maximum age of 60 years by the maturity of the credit.
• Nature of Profession: The applicant can be a salaried professional working as salaried doctors, chartered accountants. They can also be employees in a private limited company or employees working in public sector undertakings, inclusive of central, state and local bodies.
• Professional Experience: The applicant must bear a professional experience of at least 2 years with a minimum of 1 year of professional experience with the current employer.
• Monthly Income: The applicant must have a monthly income ranging between ₹ 15,000 to ₹ 20,000, depending upon the city of residence.

HDFC Personal Loan Eligibility Calculator

HDFC Personal Loan Eligibility Calculator is a highly beneficial and time saving tool. The device best serves the purpose during the process of credit application. It helps the applicants gauge their eligibility that may differ on the basis of nature of profession or the monthly income of the applicant. To ascertain the eligibility, the applicant needs to feed-in the basic details into the tool such as the age, nature of profession, monthly income, monthly savings and the likes. The tool determines the eligibility on the basis of these details and churns out the result in less than a minute. This saves a lot of time of the applicant and is highly convenient as one can use this anytime and anywhere.

HDFC Personal Loan Interest Rate

HDFC Personal Loan Interest Rate ranges between 15.75% to 20% depending on various factors of the applicant. The bank also charges a processing fee which is about 2.50% of the credit amount ranging from a minimum of ₹ 1,000 to a maximum of ₹ 25,000. The bank does not charge any prepayment charges for the first 12 EMIs paid by the loan bearer. However, after that, the prepayment charges vary from 2% to 4% of the outstanding amount depending upon the tenure left.

HDFC Personal Loan Login

HDFC Personal Loan Login is the unique login ID provided by HDFC to all its valued customers during the process of credit application. Through this login ID, the customer can keep a track of the progress of the credit application and other key details related to the credit amount. The applicant can use this login to gain access to the credit account and can check the progress of the credit such as the outstanding balance, the repayment details and much more on a regular basis. This facility not only enables the customer to access the credit account anytime and anywhere but also makes the whole process more transparent.

HDFC Personal Loan Status

HDFC Personal Loan Status can be checked by the customer via the login ID provided to them during the process of application. This status holds record of the progress of the credit application of the customer which is updated constantly. The progress of the loan can be checked through this status. This facility allows the customer to be constantly updated with every little detail and update that takes place from the bank’s end.

HDFC Personal Loan Customer Care

HDFC Personal Loan Customer Care is a robust, tech savvy and prompt division of the bank. This team takes care of all the queries and grievances of the customers related to the HDFC Personal Loan. The customers can reach out the customer support via email and toll free numbers mentioned on the official website of the bank. Also, the customer can visit the nearest HDFC branch to sort out any issues directly.