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Home Loan

Overview

At Mahadev Financial Services, we understand that buying a home is one of the most significant decisions in your life. Our Home Loan solutions are designed to make your dream of owning a home a reality with competitive interest rates, flexible repayment options, and personalized service.

Benefits of Our Home Loans

  1. Competitive Interest Rates: We offer some of the most attractive interest rates in the market, making your home loan affordable.
  2. Flexible Repayment Options: Choose a repayment plan that suits your financial situation, with tenures ranging up to 30 years.
  3. High Loan Amounts: Get a high loan amount to cover up to 90% of your property’s value.
  4. Quick Processing: Enjoy fast and efficient loan processing to help you move into your new home without delay.
  5. Minimal Paperwork: Our streamlined documentation process ensures minimal hassle and quick approval.
  6. Expert Assistance: Our team of financial experts provides personalized advice to guide you through the loan process.
  7. Balance Transfer Facility: Transfer your existing home loan from another bank to us for better terms and lower interest rates.
  8. Tax Benefits: Avail of tax deductions on the principal and interest repayments under the Income Tax Act.

Home Loan Process

  1. Application: Fill out the online application form or visit our branch to start the process.
  2. Documentation: Submit the necessary documents for verification. Our representatives will assist you in ensuring all paperwork is complete.
  3. Loan Sanction: After verification, you will receive a loan sanction letter detailing the loan amount, interest rate, and tenure.
  4. Property Valuation: An independent valuer will assess the property to determine its market value.
  5. Legal Check: Our legal team will verify the property documents to ensure everything is in order.
  6. Loan Agreement: Sign the loan agreement and complete any remaining formalities.
  7. Disbursement: The loan amount will be disbursed either in full or in stages, depending on the construction status or agreement with the builder/seller.

Eligibility Criteria

  1. Age: Applicants should be between 21 and 65 years of age.
  2. Income: A stable and regular income is required, whether you are a salaried employee, self-employed professional, or business owner.
  3. Credit Score: A good credit score increases your chances of loan approval and better interest rates.
  4. Employment Stability: At least 2 years of work experience for salaried individuals or 3 years of business continuity for self-employed individuals.
  5. Property Type: The property should be a residential one, either ready-to-move-in, under construction, or a plot for construction.

Required Documents

  1. Identity Proof: Passport, Aadhaar card, Voter ID, or Driving License.
  2. Address Proof: Utility bills, rental agreement, or passport.
  3. Income Proof:
    • Salaried Individuals: Latest salary slips, Form 16, and bank statements for the last 6 months.
    • Self-Employed Individuals: Income Tax Returns for the last 3 years, bank statements for the last 6 months, and business continuity proof.
  4. Property Documents: Sale agreement, title deed, NOC from the builder/society, and approved building plan.
  5. Photographs: Passport-sized photographs of the applicant(s).

Additional Information

  1. Prepayment and Foreclosure: Enjoy the flexibility of prepaying your loan partially or fully without any penalties.
  2. Insurance Options: Secure your home and loan with our comprehensive insurance plans.
  3. Customer Support: Our dedicated customer support team is available to assist you with any queries or concerns throughout your loan tenure.

Apply for a Home Loan Today! Take the first step towards owning your dream home with [Your Company Name]. Contact us or visit our branch to get started.

Contact Us:

  • Phone: 9968875111
  • Email: support@mfsgrowth.com

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