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Flying to your new place every day seems like an exciting way to live. But even birds need a place to come to a nest of their own.
We understand how critical it is to choose the right home and how important it is to you and your flock. That is why we are here to help you to build your dream nest.
When looking for a home, get a bird's eye view of all your options. Keep in mind the factors that are important to you and start your search using reliable sources. You may opt for a new construction or a resale property. We can help you find a nest in either case.
Fly from branch to branch, from tree to tree. Do you see a place where you and your flock can settle down? Once you know exactly what your nest should look like, it is time to find the perfect tree. The location of your nest is of huge importance. You dont want your kids to tire out their wings flying long distances to school or have to fly to a different neighbourhood to get to a hospital.
Make sure you circle several properties before settling on one. There may be multiple properties that meet your requirements, but look into every twig, branch and detail, and compare all your available options to make an informed choice. After all, your flock is counting on you to find them the best possible nest.
Now that you have found your dream nest, all you need is funding. You have spent a lot of time flying from tree to tree, trying to find the perfect place. Now that you have, you need ttie best mortgage lender. You want more than just a good interest rate today. You want to make sure that your lender provides auto-adjusted benefits on interest rates that extend into the future. That's why you need a credible lending institution with a dedicated and experienced workforce, who will fly along with you and guide you through the processes. That is where we come in.
Prominent features
One-view for real-time updates
Get real-time application status updates on a single screen.
End-to-end loan tracking
GTrack your loan from login to sanction.
Quick query resolution
Get in touch instantly to resolve your query.
Accessible on multiple devices
Access trackmyloan on both desktop and mobile.
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Features and Benefits of Home Loan
Trackmyloan feature
- Track the exact status of your loan application.
Enjoy low EMI
- Get low EMI with loan tenure of up to 30 years.
Step Up Loan offer
- Eligibility to avail Step Up Loan.
PMAY benefits
- Subsidy benefits for first-time homebuyers.
Home loans for unique circumstances
Low doc home loan
A low doc home loan can help self-employed borrowers who don’t have some of the documentation typically required by lenders.
Construction home loan
These loans can help if you’re looking to make major renovations to your existing home.
Reverse mortgage
A reverse mortgage allows borrowers aged 60 or above to convert the equity in their home into cash they can use to fund retirement, aged care or purchases.
Apply online for conditional approval. It takes only 15-20 minutes.
How big a monthly repayment can I afford?
It’s important to make sure a home loan will fit into your budget. Look carefully at your current expenses and make sure a regular home loan payment won’t place you under too big a financial strain.
Any lender with which you choose to apply will make their own decision about whether you can afford a home loan, and for what amount. They do this by determining your serviceability. Serviceability is your ability to repay your loan. In calculating this, lenders will add in a hypothetical buffer to ensure you’ll still be able to pay your loan should interest rates rise.
Frequently Asked Questions
Q: "How do I apply for a Home Loan?"
A: If you’re confused about how to apply for a mortgage, this step-by-step guide will walk you through the process, showing what you will do and what the lender does at each stage — with an estimated time to complete each task:
Step 1. Fill out a mortgage application
Step 2: Review Loan Estimates
Step 3: Choose a lender
Step 4: Loan processing takes over
Step 5: Underwriting begins
Step 6: Your loan is cleared to close
Q: "How is Equated Monthly Instalment (EMI) of Home Loan calculated?"
A:Using a financial calculator or Excel sheet can make your job easier. The formula to calculate your EMI is: =P x R x (1+R)^N/((1+R)^N-1). P stands for the principal or the loan you have taken from the lender. R is the interest rate applicable. If the interest rate per annum is 10%, then R will be 10/(12 x 100) for monthly instalments. And N is the number of instalments that you have to pay.
Q: "What are the documents required for applying for a Home Loan?"
A:Depending on your unique situation, here are seven documents you might need when applying for a home loan.
1. Tax returns
2. Pay stubs, W-2s or other proof of income
3. Bank statements and other assets
4. Credit history
5. Gift letters
6. Photo ID
7. Renting history
Q: "What are the parameters for arriving at Home Loan eligibility?"
A:Home Loan eligibility is calculated after considering various factors including monthly income, fixed monthly obligation, current age, retirement age, etc. Your Home Loan eligibility can also be considered as an indicator of your Home Loan affordability.