Home LoanThe doorway to your Dream Home

Home Loan
A Loan for different needs. Home loan bears lowest possible rate of interest a financial institute can offer. It is available for purchase of residential plot, construction of house, buy a ready built house or buy under construction property.

Home Loan Terminology

The loan even helps you build an extension to your existing house. The loan also covers loan for repairs and up gradation, which includes the cost of fixtures, POP works, retailing, fittings etc. Home loan is very flexible, home loan borrower having satisfactory repayment history can also take top up loan to meet personal needs or business needs at a very low interest rate. If you think you are charged a higher rate of interest than Takeover of existing Home Loan to another Bank with or without increase in loan is also possible with better bank.
Home being the basic necessity, we at Biz-Fin don’t charge any fees for getting a housing loan of your choice. Home loan is a secured loan given to individuals, firms or Companies who aspire to build or buy a house. How it is secured – The property purchased out of home loan funding is mortgaged with the ending institution as security by way of holding the original property related documents, till the time the loan is fully repaid along with the interest.
It should be noted that the terms and conditions of the home loan can differ in terms of eligible loan amount, loan repayment period, rate of interest, repayment mode, etc. BizFin Service Pvt Ltd with its decade old experience and expert team of people, expertise in identifying the banks and institutions that offer the loan on most suitable terms. We are glad to mention here that we are officially empanelled as Home Loan Counselor with Dena Bank – A Government of India undertaking. Also, many other banks are willing to empanel us.

Home Loan can be availed by:

Self Employed Individual

Professional Individual


Salaried Individual

The eligibility criteria :

You are eligible if:

You are a major individual, resident or non-resident, having a regular source of income.

Your age on the maturity of the loan is less than retirement age if you are a salaried employee & below 65 years, if you have a business.

The total deductions do not exceed 70% of your gross income, including the loan installment of the proposed loan.

Purchase of House up to 50 years old allowed.

Spouses/Co-applicants income can be clubbed for enhanced eligibility.

Margin: 10% TO 20% of cost of property

Rate of Interest :

Interest Charged on Daily Reducing Balance.
No Prepayment Charges with the majority of the banks.
Floating Rate Linked to MCLR (Marginal Cost of Lending Rate).

Repayment :

Upto 30 years-for the purchase of a new flat/house/construction/extension.
Upto 10 years- for repairs, renovation and upgradation.
Upto 15 years – for top up loan

Security :

Simple equitable mortgage of the house/flat/apartment on which the loan is availed.

Process Fees :

Differs from bank to bank

How can we help you?

Contact us at the BizFin Service office or submit a business inquiry online.