Home Loan

What is Home Loan

Home Loan is offered to individuals who wish to purchase or construct a house The property is mortgaged to the lender as a security till the repayment of the loan

The bank or financial institution will hold the title or deed to the property till the loan has been paid back with the interest due for it

Types of Home Loans

Home Purchase Loan Home Improvement Loan Home Extension Loan Home Conversion Loan Bridge Loan Home Construction Loan Land Purchase Loan

Home Loan through Letzbank

We created a platform where banks and non-banks display their products for our customers to evaluate check eligibility and apply online for loans

Letzbank we help you to avail home loan of your choice at convenience you able to compare various home loan products being offered by leading banks across the country

See your eligibility and design your EMI at lower rate of interest with help of tools and services available on our website absolutely free of cost

Banks Providing a Home Loan

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Benefits

You will be able to plan your EMI through Home Loan EMI calculators

you will be charged ldquoNIL SERVICE FEErdquo for the application submitted online

Letzbank has a document locker facility ndash this facility enables you to upload all your documents online to avoid identity theft and avoid loss of documents

Eligibility

Income 50000 Total EMIs being paid 10000 EMI to Income Ration 20 [10000 50000] Rule of thumb EMI to Income Ratio 50 Total Borrowing Capacity 50 50000 =

25000 Total Incremental EMI that individual can afford

25000 - 10000 = 15000 Basis this EMI total additional loan that may be

sactioned at an interest rate of 10 over 20 years = 1500000

Documents RequiredDocuments Salaried Self

employed professional

Self employed nonprofessional

Application form with photograph dual signed

yes yes yes

Identity residency and age proof yes yes yes

Last 6 months bank statements yes yes yes

last 3 months salary slips yes yes yes

processing fee cheque yes yes yes

form 16income tax returns yes yes yes

Proof of business existence yes

Business Profile yes

Education qualification ceritificate and proof of business existence

yes yes

Last 3 years income tax returns with computation of income

yes yes

How to apply Home loan through letzbank

Login to LetzbankClick on home loanCheck your eligibility and compare the rates with

our Valuable Lender banks across the countryEnter your valid name email id mobile number

and submit your applicationSales executive from the respective bank will call

youNone of the applicants will be charged

Contact UsLetzbankPlot No 4 1-9889A Image Gardens Rd Madhapur500081 Hyderabad TelanganaIndia

supportletzbankcom

040-48586878

For more details visit httpsWWWletzbankcom

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