Home Loan
Buying a home is one of the biggest milestones in life. At LendMart, Chennai, we connect you with top banks
and financial institutions offering affordable home loans with easy documentation, long repayment tenure, and
attractive interest rates. Whether you want to purchase a new house, construct your own home, or renovate your
existing property, we provide complete guidance throughout the loan process.
Our mission is to make home buying simple and stress-free with transparent processing, expert advice, and the
best loan options tailored to your budget.
Features & Benefits of Home Loan
• Capital appreciation on your property
• Sense of accomplishment & long-term asset building
• Tax benefits on both interest & principal repayment
• Zero prepayment charges on floating-rate loans
• Home loan top-up & balance transfer options
• Long repayment tenure up to 30 years
• High loan amount up to ₹5 Crores (higher for eligible profiles)
• Suitable for purchase of new/resale property, plot, construction, and renovation
• Repayment holiday facility in select cases
• Loan available as Term Loan or Overdraft
• Fixed, Floating, and Hybrid interest rate options
Home Loan Products
Build your dream home with trusted financial support. LendMart partners with leading banks to offer
competitive interest rates and flexible repayment choices.
Key Features:
• Up to 90% financing of the property's value
• Tenure up to 30 years
• Options for home purchase, construction, renovation & balance transfer
• EMI planning assistance & pre-payment flexibility
Home Loan Eligibility Criteria
Eligibility depends on income, age, credit score, and property value. Basic criteria include:
- Income: Salaried applicants must provide last 3 months’ salary slips & 6 months’ bank statements. Self-employed must provide 1-year bank statement & financial documents.
- Employment/Business Continuity: Salaried applicants should show ITR, Form 16, or PF statements. Self-employed must provide ITR, balance sheet & profit/loss statements.
- Existing Obligations: Ongoing EMIs affect loan approval & eligibility.
- Credit Score: A score above 600 improves approval chances. Good repayment history is essential.
- Property Value: Banks finance 75% – 90% of property value (Loan-to-Value ratio).
- Legal Clearance: Property documents must establish ownership for 30 years.
- Age: Minimum 21 years; maximum 65–70 years at loan maturity.
Home Loan Documents Required
KYC Documents:
PAN, Aadhaar, Voter ID, Driving Licence, Passport
Address Proof:
Rent agreement, Aadhaar, Driving License, Passport, Gas/Electricity Bill
Other Documents:
Duly filled application form, photographs, signature proof
Property Documents:
• All property papers showing ownership chain for 30 years
• Encumbrance certificate (EC)
• Property tax receipt (if applicable)
Income Proof – Salaried:
• Last 6 months salary slips
• Last 6 months bank statements
• ITR for last 3 years & Form 16
Income Proof – Self-Employed:
• ITR for last 2–3 years
• Balance sheet & P&L statement
• Bank statements for last 1 year
• GST registration copy
• Partnership deed / Incorporation certificate (if applicable)
Documents for NRI Applicants
• Valid passport & visa
• Work permit
• Employer ID card
• Overseas address proof
• Salary slips (last 3 months)
• Bank statements (last 6 months)
• NRI tax returns (if applicable)
• Attestation from Indian Embassy/Consulate/Notary
Home Loan Tips & Smart Advice
• Choose a shorter tenure to reduce total interest paid.
• Always pay EMIs on time to maintain a strong credit score.
• Consider balance transfer if another bank offers lower rates.
• Borrow only the amount you need, even if eligible for higher.
• Keep your documents ready to speed up approval.
• Compare interest rates and processing fees before finalizing a lender.
