Never stop settling for less. Your first luxurious priority in life must be to have a home of your own. Things might sound challenging, and the reality is way more harsh. For this, our home loans will give you a boost in your dreams! With Kridha Cashwave, you can take advantage of home loans with many features. All these features will let you buy your dream home. Yes, you heard it right. We are responsible for offering home loans up to ? five crores. This can be under construction, new, or resale properties. For this, you must be an eligible applicant. Get ready to grab our loans at attractive interest rates. Moreover, we promise a flexible payment period.
To give you a more comforting experience, you can apply for our home loan online from the comfort of your home. Every step related to home loan processing, from the application process to document verification, from eligibility confirmation to EMI calculation, is simple and straightforward. So, what's stopping you from applying for our home loan right now. You can apply online or visit our branch. You must continue reading more and keep yourself updated with the special features of our home loans, the eligibility criteria, needed documents and more. This is why we say the ultimate solution to all your loan problems is Kridha Cashwave!
What makes us so unique?
Choosing housing finance with us will provide you with plenty of features. By applying for a home loan online, you can get affordable interest rates, enjoy flexible repayment tenures, and avail yourself of convenient EMI options.
- Our quick 72-hour loan processing makes our process of providing house loans easy. You need to be eligible and successfully complete the verification of loan documents. The process is wholly transparent, and we charge no hidden fees.
- We are renowned among clients for offering competitive interest rates on home loans based on their individual profiles and eligibility.
- The final interest rate an applicant needs to pay depends on multiple factors. These include credit score, repayment capacity, nature and value of property, income and nature of employment, and history.
Why choose us for home loans?
You must be thinking there must be a reason why tons of clients approach us. Yes, there is definitely a reason. Wondering what is so special about us? Take a look!
- Competitive Interest rates offered:
Kridha Cashwave hosts competitive home loan interest rates. The interest rate that is offered to you at the end is influenced by a number of factors—your eligibility and our terms and conditions and policy at the time of your loan application. By offering a low-interest rate, we benefit you a lot by reducing overall EMI.
- Easy online application
Clients can now apply for a home loan from the comfort of their homes. All you need to do is undergo an easy, self-explanatory process. At the same time, our branch will warmly greet you, and our representatives will help you further.
- Our site offers Home loan calculators.
Our Home loan calculators will effectively guide you in your house loan planning. With our EMI facility and eligibility calculators, you can plan your loan as best as possible. You can select the best tenure and the maximum amount you are eligible to borrow. With our calculator, you will know the advantages of making part prepayment during your loan tenure related to a reduction in tenure and overall interest you need to pay.
- Flexible repayment
Our site allows you to pay your tenure up to 30 years, so your overall EMI burden will be less.
- Minimum documents required
We ask you to submit the minimum documents for your loan application. Take a look at the documents you need to submit:
- Proof of identity - This can include a PAN card, voter ID, Driving licence, or employee card.
- Provide proof of income - Submit your salary slip and bank statement with credit.
- Residential proof- Aadhar card, ration card, property tax.
What should you keep in mind before applying for a home loan?
Applying for a home loan with us is very easy. As you have seen above you need to undergo minimum online processes and that too the steps are simple! All you need to do is complete the online form and submit a few documents. We advise following a few points before applying for a home loan!
- Eligibility
Before we match you to a lender, it's your responsibility to check your eligibility criteria to ensure that your profile matches the lenders' requirements.
- Choose your preferred interest rate.
You should do your research well! Once you have checked your eligibility, always choose a lender who offers you the best rate of interest possible. You can find a floating interest rate starting from 8 % with us.
- Be wise with your loan tenure.
As mentioned above, we provide a home loan calculator. Use it to find your tenure within which you can easily repay the lender.
- Down Payment
The final amount you get is influenced by several factors. The main factors are your eligibility and the lender's policy. Our loan calculator will give you a rough estimate. However, you must ensure that you pay the remaining amount available as a down payment before you apply for a loan.
- Keep all documents ready beforehand.
Keeping all your documents ready beforehand will benefit you. Keep your KYC, proof of income, bank statements and documents related to the property you want to purchase.
FAQs
Do we offer construction loans for homes?
Yes, a construction loan is a widely used home loan. We offer this category of loan to individuals for house construction. The disbursements are based on various stages of the construction of the house. This is the perfect loan if you want to construct a new home.
What documents are needed to apply for a home loan with us?
You need to submit a copy of either your PAN card, Passport, Aadhaar Card, or Voter's ID Card. You also need to submit age-proof documents like your Aadhaar Card, PAN Card, Passport, Birth Certificate, or 10th Class Mark Sheet. For proof of address, submit a Voter's ID or Ration Card.
What is the tax benefit on home loans?
If you plan to take out loans, you must use the tax benefits under various sections of the Income Tax Act. Using the home loan tax benefits, borrowers have a significant chance of getting substantial money every year.
Which bank should we consider for a home loan?
Most clients choose the lowest home loan interest rate as it will help them save a good amount on their overall interest cost. Besides stressing on home loan rates, you must also consider loan tenure, loan amount, LTV ratio, processing fees, and the time required for the entire loan approval and disbursal.
Why choose Kridha Cashwave for home loans?
By accessing Kridha Cashwave, you can compare home loans, which we offer, with more than 50 partner banks based on your monthly income, repayment capacity, credit score, occupation background and profile, and other criteria.
Am I eligible to take out two home loans at the same time?
In short, the answer is yes. If the lender of your second home loan is happy with your repayment capacity, your profile, and other features of your property, you will be granted a second house loan.
What is the average time to get a home loan sanctioned?
On average, it takes lenders 1 to 2 weeks to sanction a house loan. However, this greatly varies depending on other factors, such as the bank's loan approval process, employee credit profile, and the characteristics of the property that is purchased or constructed.
What is the concept of home loan balance transfer?
Home loan balance transfer is a pretty simple process. Existing home loan borrowers can transfer their outstanding home loans to a new lender using home loan balance transfers. They can transfer the loan at lower interest rates or better loan terms.
What is the minimum credit score to get a house loan?
Lenders prefer to give housing loans to clients with credit scores above 750. Having a high credit score showcases responsible credit behavior. In turn, it reduces the credit risk for lenders.
Is the kridha Cashwave home loan process easy?
We focus on giving you a more comforting experience. This will allow you to apply for our home loan online from your home. Each step involved with our loan process, from the application process to document verification and eligibility confirmation to EMI calculation, is easy and hassle-free.