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Home Loan Application

Home Loan Online Application - Features & Benefits

Last Updated 27th Jul 2021


  • Home loan interest rate starting @ 6.65 %.
  • Special discount on home loan rates for women borrowers.
  • Lowest EMI per lakh of ₹ 642 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 @ 6.65%* 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.

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.

FAQs

How to fill the home loan application form?

You can fill the home loan application, either online or offline. In online methods, you can choose to fill the form on the website of a bank or a loan marketplace platform. Alternatively, you can visit the home loan branch of the bank and fill the form there.

What are the documents required for a housing loan?

The common documents required for both salaried and self-employed are: Identity proof, address proof, property sale deed, property transfer document/ownership document, bank statement of last 6 months. In case of salaried, salary slip of last 6 months is also required. While in the case of self-employed, last 2 years ITR and financial statements are needed along with business registration certificate and business address proof.

Is a co-applicant necessary for a home loan?

Having a co-applicant is not necessary for a home loan. However, adding a co-applicant who is also earning income can significantly raise the amount for which you are eligible.

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.

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Home Loan News - Jul 2021
  • 2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
    Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
  • 2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
    Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes
  • 2021-07-16 : Bandhan Bank total loans rise 8% to ₹80,128 crore in Q1, deposits up 28%
    Bandhan Bank witnessed an 8% rise in its loans and advances to ₹80,128 crores in the June quarter this fiscal. The loans and advances during the same period of 2020 stood at ₹74,331 crore. Compared sequentially, it was down by 8% from ₹87,043 crores in the March quarter. Total deposits grew by 28% year-on-year to ₹77,336 crores, while the CASA (current account and savings account) deposits jumped by 48% to ₹33,197 crores in the first quarter of 2021-22.
  • 2021-07-15 : Indian Bank merger with Allahabad Bank - Change in IFSC
    The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over the weekend. As the merger got completed, new rules had been issued by the bank with regard to its services. Existing customers were asked on July 1 to get a new IFSC code to carry out online transactions smoothly.
  • 2021-07-15 : OBC & UBI merged with PNB
    After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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