Lowest Interest Rate
Maximum Eligibility
Maximum Tenure
Design Your EMI
End-to-end Support
Finance is an indispensable and practical component of the entire home buying process. From securing a mortgage to understanding budget constraints, financial considerations permeate every stage of acquiring a home.
We have bank tie-ups for all our construction and project-related documents. They go through a bank check beforehand so that you don’t have to coordinate and have it verified. In such a case, you become answerable only for your documents and validation. In that too, we are here to help!
Over the last 5 years, Realmaker has found a significant gap while handling the financial needs of various stakeholders in this industry. The property dealings fall through the crack for want of funds - either by the developer or the buyer. Realmaker has established a dedicated vertical that has been successfully handling the loan requirements for all the stakeholders. The company aims to provide you with hassle-free financing options with rapid approvals, flexible options and timely closings!
Principal
5,00,000 ₹
Interest
2,11,714.264 ₹
Total Payable
7,11,714.264 ₹
Note: This is an estimate, actual amount may vary.
| Identity Proof (any one) | Residence Proof (any one) | Other Documents | |
|---|---|---|---|
| Driving License | Copy of Electricity Bill/Water Bill/Telephone Bill | Employer Identity Card | |
| PAN Card | Copy of valid Passport/Aadhaar Card/Driving License | Duly filled loan application form affixed with 3 passport size photographs | |
| Voter ID | Loan account statement for the previous 12 months if the applicant has any other ongoing loan from other banks/financial institutions | ||
| Valid Passport | Bank account statements for all the bank accounts owned by the applicant for the last six months | ||
| Aadhaar card | Rental agreement |
| For business / self-employed Applicant/Co-applicant: | For Salaried Applicant/Co-applicant: | |
|---|---|---|
| Income Tax Returns for the last 3 years | Salary Slips for the last three months | |
| Certificate of Qualification (for Doctors/CA and other professionals) | Copy of Form 16 or Income Tax Returns for the last two years | |
| Balance Sheet audited by a certified CA and Profit and Loss account for the previous 3 years | ||
| Business License Details | ||
| Business address proof | ||
| GST Certificate | ||
| Bank statement of current a/c for last 1 year | Bank statement of salary/saving a/c for immediate last 6 month |
| Eligibility Criteria | Requirement | |
|---|---|---|
| Age | Minimum Age: 18 years and Maximum Age: 70 years | |
| Resident Type |
The applicant must be (any one):
|
|
| Employment |
The applicant can be (any one):
|
|
| Residence |
The applicant must have (any one):
|
|
| Credit score | A good Credit score 650 or more obtained from a recognised |
Home Loan Tax Benefits
The repayment of a home loan consists of two parts: repayment of the principal amount and the interest rate. When filing income tax returns, these parts are claimed as a home loan interest deduction or a tax deduction.
Section 80 EEA allows you to claim tax benefits for the interest component paid on a house loan. This part offers house loan borrowers tax incentives of up to INR 1.5 lakhs on the interest rate they must pay.
| Particulars | Quantum of Amount Deducation |
|---|---|
| Under Section 24 |
a. For self-occupied property: Rs. 2,00,000 b. For non-self occupied property: No set limit |
| Under section 80 c |
a. For self-occupied property: Rs. 1.5 Lakhs b. For non-self occupied property: 1.5 Lakhs |
| Under section 80 EEA |
a. For self-occupied property: Rs. 1.5 Lakhs b. For non-self occupied property: 1.5 Lakhs |
Many potential homebuyers face the challenge of not having ample funds to buy a property of their choice. While a majority are dependent on loans, it is not necessary that a homebuyer would be sanctioned a loan amount of their choice. Hence, homebuyers are suggested to get a pre-approved home loan.
Being pre-qualified for a home loan is one of the initial steps a homebuyer takes. In this process, the homebuyer is to provide all the details that show they are qualified to get a home loan of a certain amount. Here, a homebuyer has to provide their financial status, including income, debt and assets. Based on this information, the banks inform you about the amount of loan you are qualified to get. In case you want to know your qualification, you could visit the bank’s website or the bank branch near you.
Pre-approved loans are completely different from being pre-qualified. It is the next step you take after you have pre-qualified. During the pre-approved process, you officially apply for a loan through an application, pay for the application, submit all the required documents that show your financial standing and also your credit rating.
During this process, the lender could tell you the amount of loan you could get and the interest rate. In some situations, the lender can also lock the specific interest rate.
CIN - U70109MP2020PTC050756
GST- 23AAKCR0425R1Z3
