Secure your dream property with our flat and home purchase loans, offering competitive rates and flexible terms tailored to your financial needs.
Finance your ideal plot with our competitive plot purchase loans, offering flexible terms and low-interest rates to help you build your dream home.
Build your dream home with our home construction loans, providing flexible financing and competitive rates for a seamless construction process.
Expand your living space effortlessly with our home extension loans, offering flexible terms and competitive rates to suit your needs.
Revitalize your home with our renovation loans, featuring competitive rates and flexible terms to transform your living space.
Save on interest with our Home Loan Balance Transfer, offering lower rates and flexible terms to ease your financial burden.
Unlock the value of your property with our Loan Against Property, providing high loan amounts and attractive rates for your financial needs.
Principal Amount
Loan EMI
Total Interest Payble
Total Payment (Principal+Interest)
Determining your eligibility for a Home Loan is crucial before initiating the application process. This eligibility table will outline the key factors lenders consider, including income, credit score, employment status, age and property value, helping you assess your likelihood of approval and plan your home purchase journey effectively.
| Eligibility Criteria | Salaried and Self-Employed |
|---|---|
Income Criteria |
Minimum salary for Home Loan: Rs 25,000 |
Age Criteria |
Minimum: 21 years, Maximum: 70 years |
Loan Tenure |
Up to 30 years |
Loan Amount |
No cap, depending on your eligibility |
Nationality |
Indian |
Explore Home Loan Interest Rates and Charges with the table given, outlining the costs and rates involved in securing your home financing.
Home Loan Interest Rate (Pre-approved Customers)
Pre-approved customers at ICICI Bank stand to benefit from preferential Home Loan rates, which are lower than standard rates. These rates are tailored to reward loyalty and financial stability
Current Home Loan Interest Rate |
8.75%* p.a. |
Special Home Loan Interest Rates
Special Home Loan interest rates, often lower than standard, are offered for a limited time or to eligible customers, serving as incentives or promotional offers. Below are the special Housing Loan interest rates:
|
CIBIL |
Salaried |
Self-Employed |
|---|---|---|
|
>800 |
9.00% |
9.00% |
|
750-800 |
9.00% |
9.10% |
Here are mandatory documents required for home loan such as a proof of identity, a proof of address, a loan application form that has been duly filled and your financial documents. Below is the detailed list of documents required for home loan:
Yoindi offers up to Rs 5 crore* Home Loan online, providing ample financing options for diverse housing needs.
Our streamlined documentation process liberates you from excessive paperwork, accelerates approval and amplifies convenience for applicants.
With our Instant Provisional Sanction, applicants receive swift pre-approval, enabling confident home purchases with no delays, streamlining the buying process.
Our Home Loan offers flexible tenure and repayment options, allowing borrowers to choose a schedule that suits their finances and preferences for affordability and convenience.
We offer early loan repayment without foreclosure charges, giving borrowers financial flexibility to clear debts ahead of schedule at no extra cost.
Enjoy the security of stable fixed interest rates, ensuring predictable monthly repayments and peace of mind.
| Dos | Don'ts |
|---|---|
|
Investigate loan and property details thoroughly. |
Avoid applying for a Home Loan on multiple aggregator sites to maintain approval chances. |
|
Plan for unexpected expenses wisely. |
Refrain from carrying excessive loans to maintain a favourable creditworthiness. |
|
Keep all necessary paperwork organised. |
Avoid overspending on Credit Cards or delaying loan repayments to prevent a negative impact on your credit score. |
|
Improve your credit before applying for a Home Loan. |
Don't commit to a Home Loan beyond your means to ensure manageable repayments. |
A home loan is essentially a financing option where funds are provided to an individual or an entity for the purchase, construction, extension, or renovation of a residential or commercial property. Lenders provide funds upfront, and borrowers repay through monthly installments, usually over many years. It's crucial for prospective homeowners to understand the terms, interest rates, tenure, and eligibility criteria before applying.
You can apply for a home loan from Yoindi through our website www.yoindi.com. Or, you could visit the office of Yoindi to submit your application for a loan.
Home Loan eligibility is determined by factors like age, income, employment stability, credit score, existing financial obligations and nationality. For ICICI Bank, applicants aged 20-65 (salaried) or 21-70 (self-employed), with a minimum income of Rs 25,000, stable employment or business record, a good credit score of 700+, and Indian nationality are eligible. These parameters ensure a comprehensive assessment aligning with the bank's policies and regulations.
The Home Loan EMI is calculated on the basis of specific factors like the amount of the loan, its tenure and the rate of interest.
Floating Rate of Interest on a Home Loan means that the interest rate is not fixed and can change over time. The change takes place according to a benchmark rate/repo rate set by the Reserve Bank of India (RBI) that can impact your overall monthly EMIs.
A fixed rate of interest on a Housing loan means that the rate of interest does not change throughout the tenure of the loan. Regardless of market fluctuations, the borrower pays the same interest rate through the same equated monthly installments (EMIs) from the loan's inception to its conclusion. This stability provides predictability in monthly payments, allowing homeowners to plan their finances without being affected by interest rate variations in the market.
Get your home loan instantly with Yoindi Express Loans.
A unique loan for NRIs with low interest rate and special processing fees.
Transfer your home loan conveniently and get lower interest rates.
Need to buy a plot for your unique vision? Get Yoindi Land Loan now!
Pay reduced Interest On Your Home Loan
Withdraw your funds anytime and pay interest only on the utilized amount
