Future Solutions offers Home Loan against the security of a property/house which is funded by the bank’s and NBFCs the property could be a commercial or personal property. Home Loan is a loan taken by a borrower from the bank issued against the security/property intended to be bought on the part by the borrower giving the banker a conditional ownership over the property.
Home Loan Eligibility Criteria
Home loan eligibility factors | Home loan eligibility criteria |
---|---|
Age | Minimum: 18 yrs. Maximum: 70 yrs. (depending on type of employment) |
Minimum Net Annual Income | Rs. 5 - 7 lakhs depending on type of employment, EMIs offered up to 50% of net income, on average |
Type of Employment | Salaried, Salaried Professional, Self Employed Business, Self Employed Professional, Student, Retired, and Homemaker |
Status of Employment | Regular: at least 1 yrs. in current job/business/profession.; at least 2 yrs. of prior employment |
Type of Residence | Owned/ Rented |
Status of Residence | At least 1 yr. at current place of stay |
Credit Rating | Good rating as per recognised credit bureau |
Type of property being purchased | Affects loan amount eligibility |
Note:
Loan eligibility criteria differ for each banks/lender.
Approvals are based on borrowers' incomes, credit profiles and existing relationships with the bank.
Home Loan Partners
Contact Future Solutions for Home Loan in Bangalore
If you are new to Future Solutions and are looking for information about home loans in Bangalore, you can call us at or you can email us at info@futuresolutions.co.in.