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Nagpur, a city in Maharashtra has a reputation for being the ‘Tiger Capital’ of India with numerous tiger reserves. Also referred to as the ‘Orange City’, Nagpur has a large part of the region under orange cultivation. Known as the ‘Winter Capital’, and the second capital of Maharashtra, the winter assembly sessions of the legislative assemblies are held in Nagpur. Being developed as one of the many smart cities, the city which was later a part of the Maratha Empire was founded in the year 1702. Nagpur ranks as one of the safest cities for women in India.
Ruloans, a one-stop shop for hassle-free loans brings to you home loan solutions under one unique roof. Whether you’re on the lookout for funds to purchase a new house or construct a house on a plot of real estate, Ruloans offers you a broad array of solutions to suit your every single housing basic. We’ve affiliated with recognized Banks and NBFCs to offer you an inexpensive Home Loan in Nagpur with tenures ranging up to 30 years at low-interest rates to allow you to outspread and plan your EMIs. Make your dream home a reality; Ruloans will get you a hassle-free Home Loan in Nagpur at no surplus costs.
A home loan at Ruloans requires a simple application with easy eligibility and minimal documentation. You may avail of several home loan features and benefits such as low-interest rates, flexible repayment tenures, balance transfer, top-up loans, and others. A Home Loan in Nagpur at Ruloans can afford you your dream home.
Our partner banks and NBFCs give you the best of all the worlds in terms of finance. At Ruloans you have the power to avail a high-value home loan of up to 90% of mortgaged property value. We highly value your dream home.
Home Loan interest rates offered by our partner banks and NBFCs are the lowest rates offered by financial institutions. You’ll be shocked at how easily your mortgaged property can get you to cost-effective funds.
Home loan finance market conditions are such that, each of our partner banks or NBFCs has the best to offer you in terms of repayment tenures due to competition. This gives you the opening to profit from long repayment tenures that stretch from 10 years to 30 years.
You are entitled to claim income tax deductions on interest and principal repayments under the Income Tax Act. Claim up to Rs. 1.5 Lakhs on principal repayments under section 80C, up to Rs. 2 lakh on interest under section 24B, up to Rs. 2 lakh on interest in special circumstances under sections 80EE and 80EEA, and up to Rs. 1.5 lakh on stamp duty expenses under section 80C.
Prepayment decisions can save a whole lot of money. A floating-rate home loan can be prepaid without a prepayment charge or a penalty. Fixed-rate home loans are generally charged a penalty of roughly 2% when you borrow to prepay; however, no prepayment penalties are charged if you use your own funds.
A home loan balance transfer refers to the transfer of your entire outstanding home loan balance from your current bank to another bank. This facility allows you to save on interest rates, service charges, other charges, etc.
A home loan top-up refers to an offering that allows you to borrow an amount over and above your current loan amount in accordance with your creditworthiness for a charge. This loan can be used when you feel the need to access more funds than are available.
Ruloans’ 24/7 Digital Resources have made the loan process pretty easy and simple for a loan seeker. Our home loan process with easy eligibility and minimal documentation will amaze you. You will find your home loan processed and approved, and your loan amount in your account earlier than you expect.
The term Loan Eligibility broadly refers to your qualifications for the loan. Home Loan eligibility criteria is based on parameters that are common to most banks and NBFCs. Specific criteria vary in accordance with individual lender requirements. Such criteria are used as a standard to resolve issues such as the number of funds to be lent, the tenure, and the interest rate. Eligibility criteria for Home Loan in Nagpur are listed below.
Your age should be minimum of 21 years, and a maximum of 68 years at Loan Maturity
You should be a Resident Citizen of India without having defaulted on any previous loans and without any Criminal Record
Your credit score should be 650 or higher
If you’re a salaried individual, you should be working with a Private Limited Company, or a Public Limited Company. As a self-employed person, you should be a Proprietor, Partner, or Director. Partnership or Private Limited Companies engaged in manufacturing, servicing, or trading are eligible for a Home Loan
You should have a minimum of 1-year of experience with your current employer as a salaried person. If you are a self-employed person, you should be in the same business for the last 3 years. As Professional CA, CS, or Doctor, you need a minimum of 1-year practice. A firm or a company needs business stability or vintage of a minimum of 3 years in the same business
As a salaried person, you should have a salary of Rs. 25,000. As a self-employed individual, your gross annual income should be a minimum of Rs. 3 lakh. A firm or a company requires an annual turnover of a minimum of Rs. 10 lakh
Note: The above eligibility criteria are for indicative purposes only, and can vary from lender to lender.
We at Ruloans are devoted to making your Home Loan process as smooth as possible. Documents obligatory for a Home Loan are nominal. We request you to furnish precise facts and credentials so that your Home Loan request can be administered in the shortest conceivable time. Documents required for a Home Loan in Nagpur are listed below.
Note: The above documentation requirements are for indicative purposes only, and can vary from lender to lender.
Fill out your 'Basic Details'
After you receive your 'Home Loan Eligibility', choose your 'Financial Institution', and upload 'Required Documents'
The Institutions will 'Verify' your Home Loan application, and submitted documents
Your Home Loan will be 'Sanctioned'
Receive your 'Home Loan Amount' in your Bank Account - Simply Efficient!
HDFC Home Loan
Central Bank OF India
Standard Chartered Bank
Tata Housing Finance
IDFC First Bank
Bajaj Home Finance
Priamal Housing Finance
Adhar Housing Finance
Vastu Housing Finance
Aditya Birla Housing
L & T Housing
PNB Housing Finance