The World
can be yours !

Home Loans

Home Loan is a Secured Loan offered against the security of a house/property which is funded by the bank’s loan, the property could be a personal property or a commercial one. The Home Loan is a loan taken by a borrower from the bank issued against the property/security intended to be bought on the part by the borrower giving the banker a conditional ownership over the property i.e. if the borrower is failed to pay back the loan, the banker can retrieve the lent money by selling the property. Get more Information on home loan section click Articles about Home Loan and Home Loan must read. 


Your Home is a place where you relax after coming back from your day’s tiring work, it is that place where you can give time to your family & spend beautiful moments with them. To acquire a home which can be christened your “Own House” is a life-time decision & has to be taken with a lot of planning & requires huge finances. Your Dream Home is not very far away with a Home Loan which will fulfill your Dream into a reality. We at Deal4Loans are working constantly to get you the BEST Loan Deal & have brought a small guide which would answer some important questions related to Home Loan & help you decide your loan deal.

Most borrowed home loans

SBI Home Loan: Before borrowing any loan borrower compare interest rates. Generally people prefer to take SBI Home Loan because SBI (State bank of India) is main centralized and national bank. SBI provides loan at comparatively low interest rate.

HDFC stands for Housing Development Finance Corporation. It has counseling and advisory services for acquiring property. It provide loan from any office for purchase of home anywhere in India. It gives Loan approval even before a property is selected. Because of flexible feature and transparent policy, most people prefer. HDFC home Loan for their requirement

ICICI Bank Home Loan: ICICI Bank offers a wide range of Housing Loan products, designed to meet the requirements of customer. ICICI home loan offers Doorstep service, Speedy loan sanction, Simplified documentation and Loan amounts ranging from Rs. 2 lakh to Rs. 3 crore Rupees only.

Documents required in Home Loan

Generally the documents required to processing your loan application are almost similar across all the banks; however they may differ with various banks depending upon specific requirement etc. Following documents are required by financial institutions to process the loan application:

  1. Age Proof
  2. Address Proof
  3. Income Proof of the applicant & co-applicant
  4. Last 6 months bank A/C statement
  5. Passport size photograph of the applicant & co-applicant

In case of Salaried

  1. Employment certificate from the employer,
  2. Copies of pay slips for last few months and TDS certificate
  3. Latest Form 16 issued by employer Bank statements

In case of Self-employed

  1. Copy of audited financial statements for the last 2 years
  2. Copy of partnership deed if it is a partnership firm or copy of memorandum of association and articles of association if it is a company
  3. Profit and loss account for the last few years
  4. Income tax assessment order

Types of Home Loan

There are different types of home loans available in the market to cater borrower’s different needs.

  1. Home Purchase Loan: This is the basic type of a loan which has the purpose of purchasing a new house.
  2. Home Improvement Loan: This type of loan is for the renovation or repair of the home which is already bought.
  3. Home Extension Loan: This type of loan serves the purpose when the borrower wants to extend or expand an existing home, like adding an extra room etc.
  4. Home Conversion Loan: It is that loan wherein the borrower has already taken a housing loan to finance his current home, but now wants to move to another home. The Conversion Housing Loan helps the borrower to transfer the existing loan to the new home which requires extra funds, so the new loan pays the previous loan & fulfills the money required for new home.
  5. Bridge Loan: This type of loan helps finance the new home of the borrower when he wants to sell the existing home, this is normally a short term loan to the borrower & helps during the interim period when he wants to sell the old home & want to buy a new one, It is given till the time a buyer is found for the old home.
  6. Home Construction Loan: This type of loan taken when the borrower wants to construct a new home.
  7. Land Purchase Loan: It is that loan which is taken to purchase a land for construction & investment purposes.

Locate Us

Phone Number: +91-95995 16999

View Larger Map

Locate Us

Ludhiana: SCO 13, Second Floor, Shanghai Towers, Adjoining B-7, Feroze Gandhi Market, Ludhiana

Phone Number: +91-95995 16999