How to Avail Home Loan Online with Home First Finance Company?

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Purchasing a property is now simpler than ever. You may live your best life with a HomeFirst home loan. Apply for a home loan online with us and take advantage of our EMI option and speedy processing. You may even track the status of your loan after you’ve applied. And there’s more. We have also broadened our criteria in order to make them more accessible. You can also easily transfer an existing home loan if you already have one. So, come to Home First Finance Company and live in your dream home.

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Home Loan Key Features:

Specially crafted loans with advantages:

Maximum loan amount: Maximum loan to value of 90% can be provided for housing loans with tenure ranging up to 25 years

No income proof: Self-employed or informal salaried We don’t require income proof to sanction a loan.

Auto-Prepay: This feature facilitates pre-payments in addition to EMI with no pre-payment charge for existing customers.

Loan enhancement: Have an unexpected expense, or has the property value increased? Don’t worry, because we will add on the extra amount to your existing loan.

HomeFirst Home Loan Benefits:

Digital Process from Start to Finish
Home First Finance Company’s online house loans allow you to apply for a loan from the comfort and safety of your own home or office.

Assistance 24×7
Our chat service on our website and WhatsApp is accessible 24 hours a day, 7 days a week to help you with your housing loan questions.

Manage your home loans online.
Once you have obtained a loan, you can log in to your account on our website. You can obtain account statements, and interest certificates, and request home loan disbursement, among other things.

Documentation is simple and painless.
Applying for an online home loan is simple and quick, with little paperwork required. Our home loan professionals are available to assist you with your loan application and provide guidance every step of the way.

Tips to Consider When Applying for a Home Loan:

A home loan allows you to acquire a residential property and grow an asset while also benefiting from tax deductions. You must pay a set amount of the property’s cost out of your own finances, usually up to 20%. The loan amount can be returned over a certain length of time at your convenience. Under Income Tax regulations, both the principal loan amount and the interest repayment are deductible. A home loan application can be completed in person at a bank branch or online. Let’s take a look at some pointers to bear in mind when applying for a loan.

  • Because a home loan is a long-term commitment, you should be certain about how much you can afford in Equated Monthly Instalments (EMIs). Calculate all of your expenses, including other loan and credit card payments, from your take-home salary to determine how much you can afford in-house loan EMI. Banks often allow EMIs of up to 40% of your take-home loan pay.
  • If you apply for a hefty loan, the bank may turn you down. Furthermore, once you know how much you qualify for, you may plan for the remainder of the down payment.
  • Applying for a home loan at a company where you have already a financial relationship is recommended. If the bank already knows your payment history and confidential info such as employment, salary, and so on, the Know Your Customer (KYC) procedure will take less time.
  • In most situations, a bank will view a customer with a strong payback record and strong credit scores favorably and may offer speedier approval and disbursement, flexible repayment schedules, or lower processing charges. The bank may give a cheaper interest rate on the house loan in specific instances.
  • Ascertain that the project where you are purchasing your home has received all legal and regulatory clearances. Alternatively, see whether your bank has a list of authorized projects or if your project has been approved by your bank. This will also aid in the quicker approval of your home loan application.
  • If you require a larger loan amount but your income does not allow it, consider taking out a combined loan with your spouse/parent/sibling. You could alternatively choose a loan with a longer repayment period. A longer payback time results in a reduced EMI and, as a result, a lower load on your monthly expenses.

At Home First Finance Company, our goal is to assist our customers in realizing their goals of owning a home, as well as to be a part of their journey of acquiring a home and simplifying the process from the time they express their intent and want to acquire a home to the time they settle down in their new home.

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Also read:

Tax Benefit on Top Up Loan

Quick Home Loan Approval

Home Loan Without Income Proof

Minimum Documents Required for Home Loan

How to Reduce Home Loan Interest Rates

Tax Benefits on Second Home Loan

Home Loan Top Up

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