Circle rate is the government-set minimum property value used for calculating stamp duty and registration fees. It impacts property transactions, taxes, and loan approvals. If the purchase price is below the circle rate, duties are still charged at the higher rate. Knowing your area’s circle rate helps with budgeting and loan planning.
Pensioners can still buy a home with a loan! With minimal paperwork, flexible EMIs, and competitive rates, home loans for retirees are easier than ever. Hero Housing Finance offers Home Loans for Pensioners up to ₹3 crore loans up to age 70. Check eligibility, required documents, and apply easily online with their pensioner-friendly process.
Liquid Income Program helps assess creditworthiness through actual business cash flow, ideal for self-employed with unaudited financials. Offers up to ₹50L loan, minimal documentation, higher LTV (up to 90%), and tenure up to 30 years. Available for fully built, self-occupied properties.
The RERA Act 2016 protects homebuyers by ensuring 70% of funds are used only for construction. It limits builder advances to 10%, mandates project registration, and requires developer insurance. This boosts buyer confidence and supports safer property investments and home loans across India.
The Assessed Income Program offers home loans to low-income, self-employed individuals without income proof. With minimal documentation, flexible tenure, high LTV, and up to ₹30L loan, it’s ideal for small business owners like vendors or shopkeepers with stable setups.
Home Loans have Benefits for Woman like lower interest rates (0.05–1%), reduced stamp duty, tax deductions up to ₹3.5L, and PMAY subsidies up to ₹2.67L. As co-borrowers, they boost loan eligibility. These perks empower women to own homes affordably and securely.
Joint vs. Individual Home Loans: Joint home loans offer higher eligibility, shared repayment, and tax benefits, while individual loans provide full ownership and financial independence. Choose based on income, need, and relationship stability. Compare both to find the best fit for you.
Home loans for Private employees with flexible tenures and high LTV ratios. Key factors include location, legal checks, and eligibility criteria. Improving credit scores, adding co-borrowers, and managing debt enhance loan approval chances.
There is no limit on home loans, but approval depends on repayment ability, credit score, debt-to-income ratio, and age. Lenders assess financial stability before approving multiple loans. Managing debts well increases chances of securing additional loans.
