Where can i get mortgage loan?

  1. Step 1 : Fill the online loan against property application form.
  2. Step 2 : Our representative will get in touch with you within 24 hours.
  3. Step 3 : Get approval for your loan in 48 hours.
  4. Step 4 : Submit your documents to our representative.

Do banks offer mortgage loans?

Retail lenders provide mortgages directly to consumers, not institutions. Retail lenders include banks, credit unions, and mortgage bankers. In addition to mortgages, retail lenders offer other products, such as checking and savings accounts, personal loans and auto loans.

Who can apply for mortgage loan?

  1. Indian citizen (both resident and non-resident) having regular source of income and owning non-agricultural (residential / commercial/industrial) property.
  2. Minimum age – 18 years and maximum age – 75 years.
  3. Individuals may apply singly or jointly with other eligible individuals.

Can I get loan against my house?

See also  Best answer: What is recoverable corporate advance on mortgage statement?

You can use your self-occupied residential or commercial property to borrow a loan. The property is used as collateral and the loan is disbursed by the lender as per the property value and your income to pay back the borrowed amount. … “A person owning a freehold or leasehold property can apply for loan against property.

How much loan I can get on my salary?

However, most banks and NBFCs limit a personal loan at Rs. 25 lakh to an individual. Lenders evaluate the monthly income of loan applicants and the potential growth in it before approving a loan. In most of the cases, individuals are eligible for a personal loan amount of up to 30 times of their monthly income.

How do I get a loan from the bank to buy a house?

  1. Fill The Loan Application Form & Attach The Documents.
  2. Pay The Processing Fee.
  3. Discussion With The Bank.
  4. Valuation Of The Documents.
  5. The Sanction/Approval Process.
  6. Processing The Offer Letter.
  7. Processing The Property Papers Followed By A Legal Check.

What is the salary of a mortgage broker?

There are roles in mortgage broking that range from base salaries of around $45,000 to $130,000. As a general rule, high base salaries have high targets and no trail income. PAYG broker roles in general don’t come with trail commission.

How much home loan can I get on 25000 salary?

For instance, if your take-home salary is Rs. 25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)

See also  Question: Which mortgage lenders accept lodger income?

Can I get loan for 20000 salary?

But if your salary is less than Rs. 20,000, you will be expected to convince the lender about the repayment of your personal loan amount. Enter your personal details and check your pre-approved offer even if you have a low salary. Depending on your eligibility, Bajaj Finserv will sanction the respective amount.

What are the documents required for mortgage?

  1. Salaried individuals.
  2. Latest Salary Slips.
  3. Bank account statements of the previous 3 months.
  4. PAN card/Aadhaar card.
  5. Address proof.
  6. Copy of the documents of the property to be mortgaged.
  7. IT returns.
  8. Self-employed individuals.

What is the age limit for mortgage loan?

Minimum age Limit: 21 years. Income: Resident Indian: Salaried Persons: Minimum gross monthly salary ₹10,000/-

What documents do I need to get a mortgage loan?

  1. Tax returns. Mortgage lenders want to get the full story of your financial situation.
  2. Pay stubs, W-2s or other proof of income. Lenders may ask to see your pay stubs from the past month or so.
  3. Bank statements and other assets.
  4. Credit history.
  5. Gift letters.
  6. Photo ID.
  7. Renting history.
  8. 6 tips to save for a house.

Can I buy a house with 40k salary?

Take a homebuyer who makes $40,000 a year. The maximum amount for monthly mortgage-related payments at 28% of gross income is $933. ($40,000 times 0.28 equals $11,200, and $11,200 divided by 12 months equals $933.33.)

Can I buy a house with 50000 salary?

On a $50,000 salary (before tax), you can borrow between $200,000 and $350,000 for the purpose of purchasing a property to live in to be repaid over a 30 years loan term. … For example, if you have an existing car loan and credit card debt, this will severely impact how much you can borrow.

See also  What is alberta mortgage rate?

How much home loan can I get on 55000 salary?

55,000 Monthly Salary. If your monthly income is Rs. 55,000 net, your Home Loan EMI can be a maximum of Rs. 22,500, as per the 50% rule.

How much loan can I get against my house?

The maximum amount with a Loan against Property that an applicant can avail depends on the employment status. Self-employed individuals can avail an advance of up to Rs. 3.5 crore while the maximum loan limit for a salaried individual is Rs. 1 crore.

Back to top button

Adblock Detected

Please disable your ad blocker to be able to view the page content. For an independent site with free content, it's literally a matter of life and death to have ads. Thank you for your understanding! Thanks