Home Loans
A home loan, or mortgage, is a long-term loan used to purchase or refinance a house, typically requiring a down payment of 3-20% of the home’s value. The most common types are fixed-rate mortgages (interest rate stays the same) and adjustable-rate mortgages (rates can change over time). Your monthly payment usually includes principal, interest, property taxes, and insurance (PITI), and loans typically range from 15 to 30 years. Qualification depends on factors like credit score, income, debt-to-income ratio, and employment history. Conventional loans are backed by private lenders, while FHA, VA, and USDA loans are government-backed options with different requirements and benefits. The home serves as collateral, meaning the lender can foreclose if you default on payments.
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- Lowest Interest rates
- Quick Application process
- No Hidden Charges
- Flexible Tenure
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Key Features & Benefits
- Competitive and flexible interest rates to fit your budget.
- Options for both fixed and floating interest rates.
- Lower EMIs with extended repayment tenures.
Save more while achieving your dream of homeownership.
- Finance up to 80-90% of the property value.
- Higher eligibility for salaried and self-employed individuals.
- Additional top-up loans for renovation or furnishing needs.
Get the financial support you need to own your dream home.
- Choose from repayment tenures of up to 30 years.
- Prepayment and foreclosure options with minimal charges.
- EMIs customized to match your income and financial goals.
Enjoy the convenience of a repayment plan that works for you.
- Claim deductions on principal repayment under Section 80C of the Income Tax Act.
- Save on interest payments with deductions under Section 24(b).
- Additional benefits for first-time homebuyers under Section 80EE.
Reduce your tax liability while building your future.
Support through out the Process
"Trust Srivigo's expert loan officers for unwavering support throughout your home loan journey. From application to closing, we'll guide you every step of the way.
Transparent and Competitive
We offer transparent loan terms and competitive rates, ensuring you understand every aspect of your mortgage. Count on clear communication and no hidden fees.
Frequently Asked Questions
A home loan is a financial product that helps you purchase or construct a home by borrowing money from a bank or financial institution. The lender provides the required funds, and you repay the loan in monthly installments (EMIs) over an agreed tenure. The property usually acts as collateral until the loan is fully repaid.
Eligibility for a home loan is typically based on factors such as:
- Age (usually 21–65 years)
- Employment type (salaried or self-employed)
- Monthly income and financial stability
- Credit score (typically 650 or above)
- Loan amount required and property value
Lenders may also evaluate your existing liabilities and repayment capacity before approval.
Commonly required documents include:
- Proof of identity (Aadhaar, PAN, passport, etc.)
- Proof of address (utility bills, rent agreement, etc.)
- Income proof (salary slips, ITR, or bank statements)
- Property-related documents (sale agreement, title deed, etc.)
- Passport-sized photographs
Additional documents may be requested based on the lender’s requirements.
The most common types of home loans include:
- Home Purchase Loan: For buying a new or resale property.
- Home Construction Loan: For constructing a house on your own land.
- Home Improvement Loan: For renovating or repairing an existing property.
- Home Loan Balance Transfer: To transfer an existing loan to another lender with better terms.
- Top-Up Loan: Additional loan amount over your existing home loan.
Yes, most lenders allow you to prepay or foreclose your home loan, either partially or fully, before the tenure ends. Prepayment helps reduce the outstanding principal, thereby lowering interest costs. Some lenders may charge a prepayment fee, especially for loans with fixed interest rates, so it’s essential to check the terms before proceeding.
