Easy Home Loans for Property Buyers

Easy home loans for property buyers Dream Home!

Fastest Sanction in 7 days from 15+ Banks

Our Banking Partners

Best Loan in Lowest Price

Get Closer to Your Dream Home – Apply for a Home Loan Today!

Top questions asked

1.What are Home Loan eligibility criteria?

Home loan eligibility differs across lending institutions and loan schemes. However, a common set of housing loan eligibility criteria is given below:

Nationality: Indian Residents and Non-Resident Indians (NRIs), Person of Indian Origin (PIO)
Credit Score: Preferably 750 and above
Age Limit: 18 – 70 years
Work Experience: At least 2 years (for salaried)
Business Continuity: At least 3 years (for self-employed)
Minimum Salary: At least Rs. 25,000 per month
Loan Amount: Up to 95% of property value

Your home loan eligibility also depends on the type of property you are buying and the location of the property.

For accurate eligibility assessment, use the Buy Easy Property home loan eligibility calculator.

2.What are Home Loan Fees and charges?

Buy Easy Property Home Loan offers free-of-cost, end-to-end service with a dedicated field relationship manager at your doorstep to assist you. However, depending on the type of loan you are applying for, the lending partners may levy the following charges:

Processing Fees: This is a one-time non-refundable fee that is to be paid to the home loan provider after the loan application has been approved. The processing charge varies depending on the bank and the loan scheme you are applying for.
Prepayment Charges: Prepayment penalty is the fee you will have to pay the lender if you plan on repaying your home loan before the completion of the loan tenure.
Conversion Fees: Some banks also charge a conversion fee when you decide to switch to a different loan scheme in order to lower the interest rate associated with your current scheme.
Legal Fee: It is usually included in the processing fee, but some lenders charge it separately when they engage firms to scrutinize borrowers’ legal documents.
Home Insurance: The premium should be paid directly to the concerned company during the term to ensure that the insurance policy is active during the home loan tenure.
Statutory/Regulatory Charges: The fee includes all charges associated with the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), Memorandum of Entry and Deposit, and stamp duty. You can visit www.cersai.org.in to know more about these charges.
Franking Fee: Commonly referred to as a stamp duty fee, it is a tax levied by the state government on any form of monetary transaction involving the transfer of rights of a property. The amount varies from one state to another and depends on state laws, type of property, etc.

3.How to apply for Home Loan at Buy Easy Property?

Processing Fees: This is a one-time non-refundable fee that is to be paid to the home loan provider after the loan application has been approved. The processing charge varies depending on the bank and the loan scheme you are applying for.
Prepayment Charges: Prepayment penalty is the fee you will have to pay the lender if you plan on repaying your home loan before the completion of the loan tenure.
Conversion Fees: Some banks also charge a conversion fee when you decide to switch to a different loan scheme in order to lower the interest rate associated with your current scheme.
Legal Fee: It is usually included in the processing fee, but some lenders charge it separately when they engage firms to scrutinize borrowers’ legal documents.
Home Insurance: The premium should be paid directly to the concerned company during the term to ensure that the insurance policy is active during the home loan tenure.
Statutory/Regulatory Charges: The fee includes all charges associated with the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), Memorandum of Entry and Deposit, and stamp duty. You can visit www.cersai.org.in to know more about these charges.
Franking Fee: Commonly referred to as a stamp duty fee, it is a tax levied by the state government on any form of monetary transaction involving the transfer of rights of a property. The amount varies from one state to another and depends on state laws, type of property, etc.

4.What is a Home Loan balance transfer?

At Buy Easy Property, you can check your eligibility and apply for home loan offers in three simple steps:

Step 1:

Enter your phone/email along with the details related to your loan needs and validate with OTP.

Step 2:

Enter your personal details to get the best-suited offer for your profile.

Step 3:

Select a loan offer and submit your application. After successfully receiving your application, our Loan Experts will process your file, explain the rates, processing fee, and eligible loan amount, and schedule an appointment for document collection.

5.When should you consider Home Loan balance transfer?

If you are paying higher interest than the market rates then you may consider home loan balance transfer.

6.Can I get a top-up loan at the time of balance transfer?

Yes, based on your eligibility you can get a top-up at the time of balance transfer, without any extra documentation.

7.Can I extend tenure at the time of home loan balance transfer?

Yes, you get the flexibility of choosing your Home Loan repayment tenure at the time of balance transfer.