- EST. 2007 -
Trusted Financial Services in Chennai
HOME LOAN
Lowest Rate
Easy Processing
Started From 8.4% Rate of Interest
HOME LOAN FEATURES & BENEFITS
A Home is one of the biggest investments in an individual's life. To buy a home without obtaining a home loan is tough financially for most people. Allfin Solutions understand the needs of our customers and partner with them so that they can become proud home owners on fair and simple terms. With a Allfin Solutions Home Loan, you can buy a flat or a house without having to worry about putting together a huge down payment. Our home loan scheme is suitable for both salaried and self-employed individuals.
Loan Amount
Loans offered from Rs 5 Lakhs up to Rs 5 Crores in more than 57 locations across India at competitive interest rates.
Flexible Loan Tenure
Maximum loan tenure of 360 months for salaried professionals and maximum 300 months for self-employed.
Pradhan Mantri Awas Yojana
Avail interest subsidy benefit up to Rs 2.67 Lakhs under PMAY Credit Linked Subsidy Scheme. We equally have various innovative and competitive income and surrogate programs to accommodate your requirement.
Types of Property Funded
Ready property
Under Construction
Composite Loan (Plot + Construction)
Home Extension and Renovation
Plot Purchase
Self-construction
Balance Transfer
Top-up and more
HOME LOAN ELIGIBILITY
Allfin Solutions provides home loans to an extensive variety of customers. To check your home loan eligibility, you can use our home loan eligibility calculator. Housing loan eligibility requires you meet some basic criteria. The home loan eligibility criteria are:
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Salaried and Self-employed Professionals
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Sole proprietors and Partnership Firms
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Minimum age requirement is 23 years at the time of taking the loan and maximum 70 years or retirements at the time of maturity
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Clear record in terms of past loans and statutory payments.
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Good credit rating score in credit bureau
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Minimum 3 years in business with a positive net worth (for Self-employed) or 3 years work experience (for Salaried individuals)
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Micro, Small and Medium Enterprises
DOCUMENTS REQUIRED
You would need to submit the following documents along with the completed application form:
Photo Identity Proof ( Self-attested copy of any one document)
Passport
Voters ID
Driving License
Pan Card
UID Certificate (Aadhaar Card )
Address Proof ( Self-attested copy of any one document)
Ration Card
Passport
Driving License
Bank account statement
Electricity Bill
Telephone Bill
Aadhaar Card
Sale deed/ Property purchase agreement (For owned properties)
Income Proof ( Self-attested copy of any one document)
Salaried Individual
Last two months salary slip/Salary certificate
Latest years ITR with income computation/Form 16. Note: If Bonus is considered in eligibility, we will have to take last two years ITR/Form 16
Last six month bank statement reflecting salary credits. Note: Cash Salary cases not allowed
Repayment track/bank statements proof of track with loan sanction letter/amortization schedule.
Self Employed Individual
Income Tax Return with income computation (As applicable )
Balance Sheets and P&L a/cs with schedules (As applicable)
Sales Tax Return/VAT return for the number of months not covered in the latest financial year.
Credit card statement for 6 months (required in case of Banking Surrogate)
Copy of Contract Order and Form 16 A (applicable only if income is from contracts)
Bank statements for the last 6 months - from business account of the firm/ company and savings a/c of the individual borrower and co-borrowers, if income being considered.
Repayment track/bank statements proof of track with loan sanction letter/amortization schedule.
Business Proof ( Self-attested copy of any one document )
Shop establishment certificate (First priority)
Trade license/Professional license(sales tax no, importer's exporter's code)
Sales Tax return/VAT return
Tel Bill (landline/postpaid mobile phone)-Paid. Not older than 90 days from loan application
Electricity bill-Paid. Not older than 90 days from loan application
Registered or Notarized Rent deed
Property allotment letter from Govt./Registered societies
Property papers-Unregistered sale deed plus GPA
Property registered deed
Latest updated bank passbook/Bank Statements in borrower's name (subject to bank acct being 6 months and CPV confirms the same address)
Property Proof ( Self-attested copy of any one document)
Photocopy of original sale deed
Allotment/Possession letter
No objection certificate from the society and other documents as per legal report
* While the home loan document list given here is comprehensive, we may require additional home loan documents to process your application.
