Home Loan

Home loans that fulfil your needs

Ab Sapno ka Ghar Mumkin hai with Loankarao Home Loan.

Personal Loan

Overview

Housing Loan is a stepping stone in realizing your dream home. Loankarao offers wide variety of home loans which will fulfill your needs at one of the lowest interest rates available. Our home loans cater to all types of customer base viz., salaried, self-employed, professional, NRIs, etc. Our products are customizable according to your home loan eligibility.

Our home loan is designed customisable for our customers to make their dream of buying home comes true. Explore our variety of products for the long tenure and competitive interest rate and other benefits like Fastest in principle sanction/Pre-approved top up and many more.

Home Loan Features & Benefits

Loankarao’s home loans require minimal documentation and provide ease of applying online.

simplified_documentation

Easy documentation

Obtain an instant homeloan with simple documentation, quick processing and speedy disbursal.

flexible_loan_tenuare

Flexi Personal Loan tenure

Apply for homeloan and choose a comfortable loan tenure between 1 to 6 years.

flexible_reward_plans

Best-in-class features

Enjoy the convenience of doorstep service, low homeloan interest rates, no stress of collaterals or guarantors and lots more!

There are no collaterals required on the loan application. As one of the leading loan providers in India, Loankarao offers personal loan with low interest rates & flexible tenure. Apply online to submit your loan application for quick processing.

Eligibility Criteria for home Loan

IndusInd Bank’s personal loans require minimal documentation and provide ease of applying online.

INCOME

In the case of a salaried person, Income plays an important role while applying for a home Loan and the minimum salary should not be less than Rs.25,000/- per month. In the case of a self-employed person, your eligibility is determined by the latest ITR or Income TAX Returns divided by 12 which makes the eligibility criteria.

EMPLOYMENT OR BUSINESS CONTINUATION

The minimum employment for a salaried person fully relies on their Income TAX Returns with form 16 and form 26AS and other documentation. In the case of a Self-employed person, the last 3 years of Income TAX Returns and another financial statement like a balance sheet, etc. which we will discuss in detail in the documentation part.

PROPERTY VALUE

The value of the particular property is considered while applying for a Home Loan because Banks and NBFCs give the finances up to 75% to 90% of the total value of the property. Age of Applicant: this matters a lot while applying for a home loan and differ for a salaried and self-employed person as well as for guarantor as well If the applicant Is Self-Employed then the minimum salary can be 21 Years and goes up to the maximum age of 65 Years. In the case of a salaried person, the minimum age decided by the bank is 21 Years and the maximum age should not be more than 60 Years.

CIBIL SCORE

For applying for a home loan, a perfect CIBIL score is required which should not be less than 700. If the applicant’s CIBIL is less than 700 then the applicant must have a VALID REASON for a lower CIBIL. If the applicant CIBIL gets affected due to COVID Lockdown due to which the applicant has to suffer for job or business which delayed the repayment of loans and the applicant is back with work and the business profit goes up then the bank will disburse the home loan for the certain applicant, rather than this no home loan for CIBIL less than 700.

OCCUPATION

The eligibility is different, but the applicant who is salaried employees, self–employed professionals, self–employed nonprofessionals, and private limited companies are applicable.

Types of Home Loan

We are transparent with our fees & charges.

There are no hidden fees or charges, and we will explain everything to you upfront.

Personal Loan for Home Renovation

Give your home a facelift by renovating it to perfection with hassle free Instant Personal Loan.

Personal Loan for Wedding

Make that dream wedding a reality with instant online application process.

Personal Loan for Education

Fulfil the education-related goals in your life with hassle-free Instant Personal Loan.

Personal Loan for Travel

Turn your travel aspirations into reality with low interest Instant Personal Loan.

Personal Loan for Medical Expenses

Face unexpected situations with a smile with the low interest Instant Personal Loan.

Personal Loan for Debt Consolidation

Combine multiple debts and streamline your finances with our low interest Instant Personal Loan.

Fees & Charges

loan_amount

₹30,000 - 50 Lacs

Loan Amount*

*Loan Amount will be in the range of 30,000 to 50 Lacs.

processing_fees

Upto 3%

Processing Fee**

**Processing Fee – Upto 3.00%

rate_of_interest

Starting from 10.49%

*** Terms and Conditions apply.

*** Terms and Conditions apply.

Personal Loan

A Personal Loan is an unsecured term loan provided by the bank that an individual can use as per his/her personal need. A personal loan unlike a home or car loan do not require lock in of any collateral by the applicant.

The minimum eligibility for an instant Personal Loan is:
a) An individual should be 21 years of age at the time of application.
b) The minimum net monthly income should be at least Rs. 25,000.
c) Completed minimum of two years in employment and one year in the current organization.
d) Completed minimum one year of stay at the current residence, if rented.

You can choose to avail an instant Personal Loan with tenure from 12 to 72 months.

Follow the steps below to apply for an instant Personal Loan online:

  • Visit our Personal Loan page and provide few basic details like your mobile number, PAN card number etc. to get started
  • Verify your address details
  • Check out your Personal Loan offer and complete your video KYC
  • Provide your bank account details for disbursement 

At Loankarao, you can avail an instant Personal Loan with rate of interest starting as low as 10.49%. Terms and conditions apply.

A processing fee of up to 3% of the loan amount and requisite documentation charges are applicable, and the same is deducted from the loan amount at the time of disbursal.

You can choose to avail an instant Personal Loan with tenure from 12 to 72 months.