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“Turning Your Dream Home into Reality” Owning a home is a significant milestone and one of the most cherished aspirations for individuals. While the excitement of purchasing a home is unparalleled, managing the financial requirements can often seem daunting. Access to an appropriate Home Loan ensures that your dream home becomes a reality without compromising financial stability.

A Home Loan is a secured credit facility provided by banks or financial institutions for the purpose of purchasing, constructing, or acquiring under-construction residential property. The property being financed serves as collateral for the loan.

Home Loan – Credit Policy & Product Description

The Home Loan facility is a secured credit product designed to enable individuals to acquire, construct, or purchase residential property while optimizing affordability and long-term wealth creation. The loan ensures accessibility to funds without the requirement for the entire purchase amount upfront, with structured repayment and regulatory compliance.

  • Salaried Individuals:Minimum employment tenure of 2 years, with stable income and demonstrable repayment capacity.
  • Self-Employed / Professionals:Minimum business vintage of 2 years, with consistent cash flow, financial stability, and verifiable income.
  • Property:Residential property must meet all legal, regulatory, and ownership requirements. Loans are sanctioned against the property being financed as collateral.

  • Purchase of a new or resale residential property
  • Construction of residential property on owned land
  • Acquisition of under-construction residential property from developers

  • Secured term loan, with the property serving as collateral.
  • Loan amount, tenure, and interest rate determined based on credit appraisal, income assessment, and regulatory lending guidelines.

  • Verification of KYC documents (PAN, Aadhaar) and residential/business proof
  • Assessment of income, including IT returns, salary slips, Form 16, and bank statements
  • Property valuation and legal due diligence
  • Borrower’s credit bureau history and repayment capacity
  • Compliance with internal credit policies and RBI/NBFC regulatory requirements

  • Tenure generally ranges from 5 to 30 years, as per borrower eligibility and RBI guidelines.
  • Repayment through Equated Monthly Instalments (EMIs) comprising principal and interest.
  • Longer tenures reduce monthly outflow, ensuring affordability while complying with prudential lending norms.

  • Determined based on risk-based pricing and prevailing regulatory norms.
  • May be fixed, floating, or a combination thereof, in line with the RBI guidelines on housing finance.

  • Deduction on interest payment up to ₹1,50,000 under Section 24(b)
  • Deduction on principal repayment up to ₹1,50,000 under Section 80C

Documentation Requirements

For Self-Employed Professionals / Business Owners:
  • KYC: PAN Card & Aadhaar Card
  • Property Documents (Title, Sale Deed, Agreement to Sell)
  • Proof of Business / Professional Degree Activity / GST Cetrtificate
  • Income Tax Returns for last 2 assessment years
  • Bank Statements for last 12 months
For Salaried Individuals:
  • KYC: PAN Card & Aadhaar Card
  • Property Documents
  • Proof of Employment & Residential Address
  • Income Tax Returns for last 3 years
  • Bank Statements for last 12 months
  • Form 16 and salary slips as applicable
Processing & Disbursement:
  • Loan applications are assessed for eligibility and compliance with RBI/NBFC guidelines.
  • Verification includes property legal checks, borrower identity, and income validation.
  • Sanction is communicated post-appraisal and acceptance of terms and conditions.
  • Disbursement occurs upon execution of the loan agreement, mortgage documentation, and regulatory compliance.
Compliance Notes:
  • The facility is strictly for residential property purchase/construction and not for speculative or non-compliant purposes.
  • All disbursements are subject to adherence to RBI/NBFC prudential norms and internal credit policies.
  • Periodic monitoring of repayment behavior, property compliance, and borrower creditworthiness is conducted in accordance with regulatory and internal risk management standards.
Parameter Details / Policy Guidelines
Loan Purpose Purchase of new/resale residential property, construction on owned land, or acquisition of under-construction property from developers.
Loan Type Secured Term Loan (property acts as collateral).
Eligibility – Salaried Individuals Minimum employment tenure: 2 years; stable income; demonstrable repayment capacity.
Eligibility – Self-Employed / Professionals Minimum business vintage: 3 years; consistent income & cash flows; verifiable financials.
Loan Amount ₹5 Lakhs – ₹8 Crores (as per internal policy and credit assessment).
Tenure 5 – 30 years (subject to borrower eligibility and RBI/NBFC guidelines).
Interest Rate Risk-based pricing; may be fixed, floating, or hybrid; compliant with RBI guidelines.
Repayment Mode Equated Monthly Instalments (EMIs) comprising principal + interest.
Security / Collateral Property being financed; legal verification mandatory.
Tax Benefits - Interest deduction up to ₹1,50,000 under Section 24(b)
- Principal deduction up to ₹1,50,000 under Section 80C (subject to prevailing laws).
Documentation – Salaried Individuals PAN Card & Aadhaar Card, Property Documents (Title / Sale Deed / Agreement to Sell), Proof of Employment & Residential Address, Income Tax Returns (last 3 years), Bank Statements (last 12 months), Form 16 & Salary Slips.
Documentation – Self-Employed / Professionals PAN Card & Aadhaar Card, Property Documents, KYC of Business Entity, Proof of Business / Professional Degree Activity, Income Tax Returns (last 2 years), Bank Statements (last 12 months), Partnership Deed / MoA as applicable.
Processing & Verification KYC verification, income & employment verification, credit appraisal, property legal & valuation check, RBI & internal policy compliance.
Sanctioning Authority As per delegated credit approval matrix.
Disbursement Post execution of loan agreement, mortgage documents, and completion of all regulatory and internal compliance requirements.
Compliance Notes Loan strictly for residential property purposes; speculative or non-compliant usage prohibited; periodic monitoring of repayment, property compliance, and creditworthiness conducted.

Office Location

Visit our conveniently located office for expert loan consultations and personalized support.
We’re here to help you move forward with confidence.

Ahmedabad City

  • Corporate Office

    FINBUX GROWTH
    5th Floor – 510, The Link,
    Vijay Cross Road, Navrangpura, Ahmedabad, Gujarat 380009
  • Front Phone

    8866724211
  • Front Email

    info@finbuxgrowth.com

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