At Arav Digital Fincare, we connect borrowers with leading banks to provide fast loan approvals with minimal documentation and competitive rates.
Take the first step towards owning your dream home with our comprehensive home loan solutions. Whether you're purchasing a new property, constructing your dream house, or renovating your existing home, our home loans offer competitive interest rates, flexible repayment options, and a seamless application process.
Enjoy competitive interest rates starting from 8.5% p.a. for your dream home.
Choose repayment periods up to 30 years to suit your financial planning.
Get financing up to 90% of property value with amounts up to ₹10 Crores.
Enjoy tax benefits on both principal repayment and interest payments.
Salaried individuals, self-employed professionals, or business owners.
21 to 60 years of age at the time of loan maturity.
Minimum monthly income of ₹15,000 for salaried and ₹25,000 for self-employed.
Minimum 2 years of overall work experience with at least 6 months with current employer.
For Salaried Individuals:
For Self-employed/Business Owners:
For Property Purchase:
For Construction/Renovation:
Competitive rates to make your dream home affordable.
Transparent and reasonable processing charges.
Additional charges that may apply to your loan.
The principal amount of your home loan repayment qualifies for a deduction under Section 80C of the Income Tax Act. You can claim a deduction of up to ₹1.5 lakhs per financial year, which is the overall limit under Section 80C.
Interest paid on your home loan is eligible for a deduction under Section 24 of the Income Tax Act. For a self-occupied property, you can claim a deduction of up to ₹2 lakhs per financial year. For rented or deemed-to-be-rented property, there is no upper limit.
First-time home buyers can claim an additional deduction of up to ₹1.5 lakhs under Section 80EEA, over and above the ₹2 lakhs allowed under Section 24. This is applicable for loans sanctioned between April 1, 2019, and March 31, 2022, where the property value does not exceed ₹45 lakhs.
If you take a joint home loan with a family member who is also a co-owner of the property, both can claim tax benefits individually on their respective shares of the loan. This effectively increases the overall tax benefits available on the home loan.
Note: Tax benefits are subject to changes in tax laws. Please consult a tax professional for specific advice related to your situation.
Apply for Home LoanUse our calculator to estimate your monthly EMI based on loan amount, interest rate, and tenure.
The maximum loan amount depends on several factors including your income, repayment capacity, credit score, and the value of the property. Generally, banks finance up to 80-90% of the property value. Through our services, you can get home loans up to ₹10 Crores, subject to eligibility criteria.
Most banks offer home loans with a maximum tenure of 20-30 years. However, the actual tenure depends on your age at the time of application and the maximum age limit set by the bank (typically 60-70 years at the time of loan maturity). Longer tenures result in lower EMIs but higher total interest payments.
In a fixed interest rate loan, the interest rate remains constant throughout the loan tenure, providing certainty in EMI payments. In floating interest rate loans, the rate fluctuates based on market conditions, leading to changes in EMI amounts or loan tenure. Floating rates are typically lower initially but carry the risk of increasing over time. Most banks now offer floating rate loans with a spread over their benchmark rates like RLLR (Repo Linked Lending Rate) or MCLR (Marginal Cost of Funds based Lending Rate).
Yes, you can prepay your home loan partially or fully. For floating rate home loans, as per RBI guidelines, banks cannot charge prepayment penalties. However, for fixed-rate loans, banks may charge prepayment penalties ranging from 0-2% of the prepaid amount. Some banks also have conditions like a minimum lock-in period before allowing prepayment or a minimum amount for partial prepayment.
The approval process for a home loan typically takes 3-15 business days after submission of all required documents. The time can vary based on factors like property verification, legal checks, and technical assessment. Once approved, disbursement takes place according to the stage of construction for under-construction properties or in one go for ready properties. At Arav Digital Fincare, we expedite this process through our established relationships with banks.
