Home Loan - Features & Benefits

Last Updated 08th Jul 2020

Home Loan Details

  • Home loan interest rate starting @ 6.85 %.
  • Special discount on home loan rates for women borrowers.
  • Lowest EMI per lakh of Rs. 655 for 30 years.
  • Get upto 90% funding of total cost of the home.
  • Nil prepayment charges on floating rate home loans.
  • Top up and overdraft facility available on house loan.
Apply for Home Loan @ 6.85%* Get upto ₹ 1,000* Cashback

Home Loan - Application Form

Buying a house is a dream come true. The comfort and security of living in ones owned house is unparalleled. However, purchasing a house can be unaffordable, given the whooping property price rises in the last decade or so. What has come in handy today to own a home is easy availability of home loans at affordable interest rates. A house loan or home loan simply means you borrow a sum of money from a bank or financial institution to purchase or construct a house against the mortgage of your home. The repayment can be done in affordable EMIs to be paid regularly over the loan tenure which can range from 1 to 30 years depending on the borrower’s eligibility.
To top it all, home loan application process has become extremely easy with the advent of online home loan providers and loans marketplaces which offer loans from multiple banks. MyLoanCare.in is a leading online loan marketplace that has more than 25+ partner banks and offers the customers the ease to various home loan deals offered by top banks and NBFCs in India and choose the home loan at low rates, but high eligibility. We work closely with our partner banks to get the best loan offers, attractive discounts and lower interest rates for you.

How to apply for a home loan through MyLoanCare.in?

Here are the simple steps through which you can apply for a home loan :

  • Step 1: Visit MyLoanCare.in or download the app to check and compare loan offers from top banks and NBFC in India.
  • Step 2: To apply for a home loan, fill in your personal and loan requirement details.
  • Step 3: Once you fill the form, you can check and select the loan offers that are best suited for you in terms of interest rates, processing fees and eligibility.
  • Step 4: Post this, a MyLoanCare representative from home loan department will contact you to verify your eligibility and discuss your loan requirements. Based on the discussion, he/she will suggest the right banks and loan offers to you and also explain the complete home loan process and documents required.
  • Step 5: If you are eligible and interested, our representative will fix an appointment with the bank for document pick-up and further loan process. A bank's representative will contact you and will initiate a verification process.
  • Step 6: After verification of your income and property documents and based on your credit history and eligibility, the bank will decide to sanction or reject your loan. If sanctioned, you will receive a sanction letter from the bank mentioning the key loan terms including interest rate, processing fees, tenure, prepayment charges.
  • Step 7: Once you receive the sanction letter, the legal process of registering the loan agreement as well hand over the original property documents to the bank will be completed. Post this, the sanctioned loan amount will be disbursed to your bank account. Before you apply for a home loan, make sure to check your eligibility to ascertain the right loan amount and tenure based on the amount of monthly EMIs you can service based on your current income You can use the online eligibility calculator at our website for detailed information and then apply for the loan.

Why MyLoanCare???

Nowadays, almost all banks offer attractive schemes on Home Loan at competitive rates with many customer friendly features. You can do rates comparison, check your eligibility, calculate EMI, apply online and get the best Home Loan rates. MyLoanCare helps you throughout the loan process from the day you apply to the time you get disbursement. You can register with us, track your loan status on a regular basis and get an option to earn attractive cashbacks and refer and earn benefits.

Home Loan News - Jul 2020
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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