Your Trusted Partner to Get Faster Home Loan

Get a home loan from 7.90% p.a. upto a 30 Years tenure with A Square Financial Service.

Buying a home is one of the biggest milestones in everyone’s life. And securing the right home loan is the most important thing to transform that dream into a reality. If you are looking for a home loan to buy your dream house, you may come across various home loan products that vary in terms of loan tenures, interest rates, and eligibility criteria. With so many options, you are more likely to get confused about finding the most suitable home loan. Should you get a home loan from a government bank, a private bank, or a House Finance Company (HFC)? This is another thing that you need to brainstorm about beforehand.

If you are not sure which home loan is best for you and how to get it as quickly as possible, do not worry much.A Square Financial Serviceare here to help you. As a leading financial service provider in Gwalior, we at A Square Financial Services specialize in helping individuals and families find the best home loan products from India’s leading banks and House Finance Companies (HFCs). Whether you are a first-time homebuyer, looking to upgrade your home, or planning to invest in property, we will help you with every step of the process.

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What is a Home Loan?

A home loan is a secured loan facility that you can take from a bank or HFC to buy or build a house. Most Indian banks and Housing Finance Companies (HFCs) offer home loan facilities to individuals for purchasing residential property. You can also borrow a home loan for renovating, repairing, and extending an existing or new residential property. When you take out a loan for buying or renovating a home, you will have to make a down payment of 10-25% of the total cost of the house purchase. The remaining amount (75-90%) will be divided into EMIs as per the loan tenure. Usually, the tenure of a home loan in India ranges between 5 years and 30 years. The home you buy with a loan acts as security for the loan. In case of default, the lender has the legal right to take back the concerned property.

Although home loans make it easier to own a house without paying the full amount upfront, make sure to apply for a home loan only if you are capable of repaying the loan EMIs on time. Do remember that most Indian banks and housing finance companies offer housing loan plans based on your income, credit score, CIBIL score, and job type.

Key Features

• Interest Rate – Starting at 6.45%
• Processing Rate – 5000/- (up to 0.50%)
• Loan Amount – Up to 20 Cr
• Loan Tenure – 1 – 25 years

Key Benefits

• Balance Transfer Provision
• Top-up Service
• Overdraft Facility
• No Part Payment Charges
• No Prepayment Charges

A Square Financial Services Benefits

• Affordable Interest Rates
• Flexible Loan Tenure
• Easy EMIs
• Complete Digital Process
• Hassle-Free Documentation

Eligibility Criteria

1. Age: Minimum Age: 21 years, Maximum Age: 65 years
2. Nationality: Indian
3. Employment Status: Salaried, Self-employed
4. Credit score: At least 720 or more

Documents Required

1. Valid Identity Proof
2. Valid Address Proof
3. Valid Income Proof
4. Property Proof
5. Business Proof

Type of Property

1. Approved by Authority
2. Approved by Industrial Authority
3. Approved by the Municipal Corporation
4. Housing Board Property
5. Society Patta
6. Freehold Property

Dos

• Research well about the home-property price, background, clearances, etc., as well as about the home loan itself: interest rate, processing charges, repayment schedule, etc.
• Make sure you know about all the charges involved in the process & the amount you have to pay
• Ensure that all the required documents are in place
• Ensure that you have a good credit score before you apply
• A stable employment is a must to avoid instability in future

Don'ts

• Don’t opt for too many loans before you apply for a home loan as it may impact your eligibility
• Don’t forget to compare interest rates offered by different loan providers in the market
• Avoid taking loan amounts higher than you can afford as you may find it difficult to repay
• Never sign the documents before you read all the terms and conditions mentioned