EMI Calculator

Calculate EMI On Home loan!

Acquire Now

Get The Best Quote


You are just 4 steps away from your Dream Home

Step 1

callBack form

Fill Our Call Back Form

Step 2


Our Experts will call you

Step 3


Exchange of Documents

Step 4


And you are DONE!

Our association with you does not end here

End to End Process

End to End Process

Registering to acquiring.Finmart is with you till the end.

Customer Support

Customer Support

Backed by experts. Available for all queries.Ask them & get it resolved promptly!

Mobile & Mails Update

Mobile & Mails Update

Updates you consistently! Register now!

Paperwork Support

Paperwork Support

Guides you in paperwork.Done in hassle free manner!



Required documents

ABOUT Housing Loan

What is Housing Loan ?

Home Loan is a Secured loan offered against the security of a house/property which is funded by the bank's loan, the property could be a personal property or a commercial one. The Home Loan is a loan taken by a borrower from the bank issued against the property/security intended to be bought on the part by the borrower giving the banker a conditional ownership over the property i.e. if the borrower fails to pay back the loan, the banker can retrieve the amount lent by selling the property.


Home Loan Eligibility Criteria : •  Salaried individuals confirmed in the service with minimum service of 3 years.

•  Individuals engaged in business & self-employed persons like, doctors,      chartered accountants, architects and others.

However, the same is dependent on case to case basis.

Required Documents

  1. Regarding Income:
  1. Documentary proof regarding income, salary certificate in case of salaried persons and Income Tax return / assessment orders or other documentary evidence in the case of individuals engaged in business / self-employed persons and others.
  2. Agricultural income is permitted to be added for determining higher eligibility, provided such income is reported in IT Return and relevant land records are produced for verification.
  3. In the case of business income, Balance Sheet and other financial statements may be produced along with ITR / ITAO.
  1. Other documents:
  1. Approved plan and estimate.
  2. Legal Scrutiny Report from Bank's panel advocate along with documents as indicated therein.
  3. Valuation Certificate from the approved valuer wherever applicable (in the cases of purchase of ready built house/flat).
  4. Copy of the passport and employment certificate / work permit (in the case of NRIs).

Suprabuddha Amte, Hyderabad, Andhra Pradesh

"You guys are excellent, I appreciate working with you, and will suggest more friends to partner with you, thanks for all the work and help."

Laxmikant Banjarey, Bilaspur, Chhattisgarh

"Your service is perfect for small business owners and start ups like me. This is the time when we can focus more on our work and let Finmart take care of the paperwork."

Ramakrishna, Bangalore Rural

"Hi,Thanks a lot to FinMart. I have received new pan card with name change. Special thanks to customer response team who resolved my issue."

B.Poorna Chandrika, Pollachi,Tamilnadu

"I received the acknowledgement copy through mail for my PAN card. Thank you for the smooth proceedings."

Hemant Sharma, Jaipur, Rajasthan

"It was excellent working with Finmart. Thank you"

Maneesh Raina, Thane, Maharashtra

"Excellent Keep it up."

Ekansh Tripathi, Bangalore, Karnataka

"Executive Support is excellent. Thanks a lot."


PNB Housing Finance Ltd

DHFL Sales & Services Ltd

Indiabulls Infrastructure Credit Ltd

HDFC Sales Private Ltd


HELP cancel

Home Loan can be taken for below mentioned purposes:

  1. For purchase of ready built house / flat
  2. For construction of house / flat
  3. For purchase of site and construction of a house thereon
  4. For undertaking expansion of existing unit, upgradation and creation of additional amenities
  1. Generally, if you are a salaried individual, maximum loan shall be limited to four years' gross salary, subject to minimum Net Take Home Salary (NTH) of 40% after deduction of instalment (EMI) towards the proposed loan. Selectively NTH stipulation may be reduced to 25% of gross salary.
  2. If you are a non-salaried individual, maximum loan quantum shall be limited to four times gross annual income of the concluded financial year, during which housing loan is sought to be availed OR four times of average gross annual income of all the four years.
  3. If you are an NRI, maximum loan amount is restricted to two years' salary / annual income.

However, in all the above cases, higher quantum is considered selectively, subject to certain conditions.

Generally, the margin required to be paid by the application is 20%. However, that depends upon different banks.

The margin is computed on the basic project cost which shall not include expenses incurred towards stamp duty, registration and other documentation charges.

All out-of-pocket expenses like, outsourcing charges, periodical inspection charges, inspection charges, insurance premia etc need to be borne by the borrower.

Resident Indians are eligible for certain tax benefits on both principal and interest components of a loan under the Income Tax Act, 1961. Under the current laws, you are entitled to an income tax rebate for interest repayment up to Rs. 1,50,000 /- per annum. Moreover, you can get added tax benefits under Section 80 C on repayment of principal amount up to Rs. 1,00,000 /- per annum. Also, an additional deduction of interest amount of 1,00,000 is received by an individual under Section 80EE, if the Home loan is disbursed in the year F.Y. 2013-14 and the amount doesn't exceed Rs. 25 lakhs. Also the total cost of house should not exceed Rs. 40 lakhs.

  1. Original Sale Deed executed by the Builder in favour of the Purchaser.
  2. If the original sale deed is not returned by the office of the Sub-Registrar, a certified copy of the same may be accepted.(Duly certified by the Sub-Registrar as “True Copy�?).
  3. Original Registration Receipts.
  4. Original Stamp Duty Receipts, if any.
  5. Original receipts issued by the builder in favour of the Purchaser of the Flat.
  6. Certified copy of the approved plan.
  7. Certified copy of the Building commencement certificate.
  8. Title certificate issued by the Solicitor / Panel Advocate.
  9. NOC from the Builder.
  10. Confirmation of the lien from the Builder.
  11. Architect's certificate regarding the stage of construction.
  12. Builder's Demand Notice.
  13. N A Order.
  14. U L C Order.
  15. 7 x 12 extract / Index II Copy / property Register card extract.
  16. Photographs showing the stages of construction.
  1. Deed of conveyance of land (original).
  2. If the conveyance Deed is not returned by the office of the Sub-Registrar- certified true copy of the Deed of Conveyance (certified by Registrar).
  3. Original Receipt issued by Registrar.
  4. Letter of authority acknowledged by Sub-Registrar to collect conveyance deed.
  5. NOC from the Society.
  6. Extract of the Resolution.
  7. Bye laws of the Society.
  8. Payment receipts (original).
  9. Share Certificate (original).
  10. Title Certificate.
  11. Building completion and occupation certificate (in the case of ready built flat).
  12. Photo copy of the N.A Order.
  13. Approved Plan.
  14. 7 x 12 extract / Index II Copy / property Register card extract.
  15. Building Commencement Certificate.
  1. Employment contract.
  2. Latest salary slip for at least past six months.
  3. Latest work permit.
  4. Visa stamped on the passport.
  5. Identity card issued by the employer.
  6. Bio-data covering educational qualification, age etc (proof of age to be supported by school certificate / LIC policy etc.)
  7. NRE SB pass book, for verification (if account maintained with other Banks).
  8. Registered Power of Attorney if any in favour of representatives in India.
  9. Copy of Passport.
Ask a Question