Home Loan in Indore

Applying for a home loan isn’t a matter of long hours anymore. You can apply for a home loan in Indore online. The process requires minimum effort and can be done within a few minutes.

Many banks and financial institutions offer home loans only if the applicant satisfies their eligibility criteria. However, these criteria are basic and easy to satisfy. Piramal Capital & House Finance offers home loans with a very minimum eligibility criteria.

1. For salaried individuals

Any government employee above the age of 21 can apply for a home loan. Pensioners upto the age of 70 can also apply for a home loan. As for non-government employees, the upper age limit to apply for a home loan is usually 62 years. Therefore, any person working in government institutions, public sector undertaking offices or private sector offices can apply for a home loan in Indore.

2. For self-employed individuals

Even self-employed people can apply for a home loan. Any self-employed person between the age of 23 and 70 can apply for a home loan. So if you’re a business owner or a self-employed professional (doctor, designer, chartered accountants etc.), you can apply for a home loan without any difficulties.

In order to apply for a home loan, you need to submit a number of documents as proof of identity, proof of address and proof of income.

As proof of identity, the following documents can be submitted:

• Passport
• Voter’s ID card
• Aadhar card
• Driver’s license
• NREGA job card
• Letter issued by National Population Register (NPR).

As proof of address, applicants can produce any of the following documents:

• Passport
• Voter’s ID Card
• Aadhar card
• Electricity, water bills or other utility bills
• NREGA job card
• Letter issued by National Population Register (NPR)

As proof of income, salaried employees can provide any of the following:

• Salary slips
• Recent bank statement (last 6 months)
• 2 Years Form 16

Self-employed home loan applicants can provide any of the following documents as proof of income:

• Income Tax Returns of the last 2 financial years
• Recent bank statement
• Financials audited by a CA

In order to encourage more people to buy their own home, home loans are available at affordable rates. At Piramal Capital & House Finance, home loans start at a mere 11.00%* interest per annum.

A small processing fee is usually charged. All the charges are, however, mentioned in the application form. So, there is no fear of hidden charges.

You can choose a repayment tenure as per your convenience. The tenures have a flexible range of 5 to 30 years.

Indore is a modernized city rooted in culture. It offers top-notch educational and medical infrastructure. The city’s pollution control measures also guarantee a great quality of life. Thus, Indore makes for the perfect city to live in! Apply for a home loan now to build your perfect home in the city of Indore.