Transform Your Dream of Owning a Home into Reality


 Getting a home is a majestic experience. It is a sense of financial stability and societal recognition. If you have been dreaming of getting a home for yourself, you can now have it with a home loan from Clix Capital. A home loan is a housing finance that allows you to have 90% of the property price in order to make it affordable for you. It is a high-value loan that can exceed up to crores. Therefore it is very important to take a home loan very seriously. You need to ask yourself if you are eligible to take the loan, do you have the repayment capacity and various other aspects. Before you decide for yourself, let us give you a clear picture of the eligibility, how to apply, and documentation for a house repair loan, home renovation loan, or a home loan.

Documentation for a home loan

Identity Proof

●     Aadhaar card

●     Pan card

●     Passport

Address proof

●     Electricity bills

●     Telephone bills

●     Water tax

●     Mobile Bill

●     Broadband bills

●     Property tax

Self-employed documents

●     Business address proof

●     Property details

●     Business License Details

●     Certificate of qualification Doctor

●     Income tax returns for last 3 years

●     TDS Certificate

●     Balance Sheet & Profit & Loss A/c for last 3 years

●     Form 16

Salaried employees documents

●     Salary slips

●     Salary account statement

●     Form 16

●     Employment proofs

●     IT returns for 2 years

●     Salary certificate

Common documents

●     Loan application form

●     2 passport size photograph

Property documents

●     Permission for construction

●     Letter/Stamped Agreement for Sale

●     Share Certificate

●     Occupancy Certificate

●     Maintenance Bill

●     Electricity Bill

●     Registered Agreement for Sale

●     Allotment copy

●     Approved Plan copy

●     Registered Development Agreement of the builder

●     Property Tax Receipt

●     Conveyance Deed

Eligibility for a home loan

●     The credit score should be above 750 and more. You cannot get a home loan without a good credit score. A low credit score means you do not have a clear track record of debt repayment and that does not allow a loan provider to offer you a home loan.

●     High income means stability and your capability to pay your home loan EMI. Without sufficient income, you would be struggling between paying your EMI and managing your fixed daily obligations.

●     Job stability or a stable business is important for a stable income. If you are having a fixed source of income you can get a home loan easily.

How to apply for a home loan?

●     Check your eligibility criteria

●     Compare all the available loan options

●     Choose a loan provider

●     Apply online

●     Complete documentation

●     Wait for approval

●     Receive the disbursed amount

Wrapping up

Purchasing a home may not be easy for everyone. Hence, the presence of house repair loans or home renovation loans has helped many to renovate and remodel their existing home to find a new look and feel.

Must Read : How Self-Employed Individuals Can Get a Business Loan

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