Close Search Home About Current Offers Contact Us search Home Loan Corner A Beginner's Guide to Home Loans Contrary to popular belief, investing using a home loan is the smarter and more profitable way of creating substantial wealth in real estate investments. This section on home loans will : Help you understand how you can benefit from using home loans. Give you an overview of the home loan application process. Help you calculate your loan eligibility free of cost. Help you see how affordable it is to invest via home loans using the EMI calculator. Give you additional resources on important topics such as comparison of fixed v/s floating rate loans, single v/s joint home loans, difference between Pre-EMI and EMI, tax benefits of home loans and much more. Give you a comprehensive knowledge base of all home loan related FAQs. 3 BIG BENEFITS OF INVESTING WITH A HOME LOAN Substantially Higher Returns : When compared to investing using your own funds, investing using a home loan gives you almost 100% greater ROI. Click here to know more on how this is possible. Lower Investment Required from your Pocket : You can fund upto 80% of the property cost through a loan, which means you pay just 20% from your pocket. Tax Benefits of Home Loans : In certain cases, you can get tax benefits on your home loan, which add to your overall profits. EARN 100% GREATER RETURNS BY INVESTING USING A HOME LOAN Click Here to See an Illustration of How Investing using a Home Loan can help you Earn 100% Greater ROI HOME LOAN APPLICATION PROCESS Applying for a home loan is a fairly simple, predictable, hassle-free and straightforward process today. The entire process from application to sanction and disbursal takes between 10 to 15 working days for an Indian and between 30 to 45 working days incase of an NRI. Step 1 – Submit your loan application along with the processing fee cheque and all supporting documents. Step 2 – Once banks study your documents, verify your employment and calculate your eligibility, you will be issued a sanction letter which states the amount of loan and interest rate you are being offered and all other terms and conditions of the loan. Step 3 – You have to submit your original property documents with a few other supporting papers and pay any other applicable loan related charges to get the loan disbursed. At G&C, we work with India’s top 5 banks (including HDFC, AXIS, SBI, LIC and more) to give you a door-to-door and truly one-stop-shop home loan application service. During the entire process, you or your GPA holder have to visit the bank just ONCE at the time of loan disbursal and the rest is taken care of by our team, so you can get everything done from the comfort of your home or office. Contact Sridhar Kumar on +91 9686627071 or sridhar.kumar@gcglobal.in to know more. CALCULATE YOUR LOAN ELIGIBILITY – FREE OF COST & WITHOUT OBLIGATIONS To get an instant estimate of your loan eligibility, just enter 3 details in the Eligibility Calculator available below. Click Here to View the FREE Eligibility Calculator To know a more accurate figure or any other query on home loans, feel free to consult with our in-house loan expert Sridhar Kumar on +91 9686627071 or sridhar.kumar@gcglobal.in who will be happy to assist you without any obligation. In the meantime for your quick reference, below are some ballpark eligibility figures for you to have an idea (below are only estimates assuming you have no other loans at the moment and to know your personal loan eligibility, use the FREE Eligibility Calculator or contact Sridhar Kumar as shown above) : Your Monthly Gross Salary in INR (Rs.) Eligibility for Resident Indians Eligibility for NRIs 1,00,000 50 Lakhs 45 Lakhs 2,00,000 100 Lakhs 90 Lakhs 4,00,000 200 Lakhs 180 Lakhs * Assuming you have no other pending loans / mortgages at the moment. EMI CALCULATOR – HOW MUCH DO YOU PAY AS EMI? Use this calculator to know how much you would have to pay as EMI on a home loan. Enter the 3 basic details and hit calculate to see how much you would pay as EMI for loans of different duration. However, before you come to a conclusion on the affordability of home loan based on what you see below, you should know that there are 2 aspects to a home loan – Pre-EMI and EMI. Many of us do not know what a Pre-EMI and how it is different from a regular EMI. Click here to learn more before you proceed to use the calculator below. Click Here to View The EMI Calculator Contact Sridhar Kumar on +91 9686627071 or sridhar.kumar@gcglobal.in to know more on how you should interpret above results. GOOD NEWS: NO PRE-CLOSURE OR PRE-PAYMENT PENALTIES! You can pre-close and pre-pay a loan without any penalty or extra fee and hence, you can take a loan and then close it any point of time without having to bother about heavy damages (this is applicable only for floating rate loans; incase of fixed rate loans, penalties are still applicable and vary from lender to lender) ADDITIONAL RESOURCES TO HELP YOU UNDERSTAND HOME LOANS & THEIR BENEFITS Benefits of Investing Using a Home Loan – Click Here Leveraging The Power of Debt – Click Here Confusing Pre-EMI with EMI and Vice Versa – Click Here Home Loan FAQ Section on Our Website – Click Here GET STARTED Learn How You Can Earn 100% to 300% ROI In Indian Real Estate Read Our Quick Start Guide Now Corporate Office I-68, Diamond District Old Airport Road Bangalore - 560008 O : +9189-41520808/09/10 +91 9900123737 +91 9980319639 Popular Pages Home Company Profile Senior Management Getting Started with Us Testimonials Track Record Current Offers Monthly Income Assets Residential Commercial Plots & Lands Frequently Asked Questions Home Loan Corner Service Fee Policy NRI Corner Legal © 2021 G&C Global. 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